2705 720 Farrow St, Coquitlam, BC, MLS® R3046840

As we step into this lovely neighborhood, you'll discover a range of amenities and attractions that make it an ideal place to call home. Let's start with the educational institutions nearby. Just down the road, you'll find Mediated Learning Academy, an excellent elementary school with a rating of No Rating, located a mere 0.64 km from this home. This school is a great option for families, offering a nurturing environment for young minds to grow and thrive.

For secondary education, Mediated Learning Academy is also the closest option, with the same rating and proximity to the property. This private school provides a comprehensive education, preparing students for success in their future endeavors.

Now, let's talk about safety. According to Statistics Canada's 2020 report, this neighborhood boasts a Below Average crime rate, with 5,163.13 incidents per 100,000 population. Compared to other Canadian cities, this is a reassuring statistic, ensuring you and your loved ones feel safe and secure in your home. In fact, the total crime rate has decreased by 12.53% over the years, indicating a continued commitment to maintaining a peaceful community.

When it comes to property crimes, this neighborhood is also Below Average, with a rating of 2,738.96 and a significant decrease of 18.08% in property misconduct rates. Additionally, the violent crime rate is Low, with 825.29 incidents per 100,000 population, ensuring you can enjoy your home without worrying about safety.

Now, let's explore the community's demographics. You'll find that 29.3% of residents hold a university certificate or degree, which is Above Average in comparison to other BC neighborhoods. On the other hand, 13.3% of the population has no certificate or degree, which is Below Average compared to the average in BC.

In terms of income, the median household income near this property is $69,171, which is Average compared to the British Columbia average. However, the median personal income is $31,442, which is Below Average. The percentage of households with a mortgage is 61.7%, which is Above Average.

You'll also appreciate the convenient location of this property, with the Eastbound Como Lake Ave @ North Rd bus station just 0.14 km away. This makes commuting to work or school a breeze, with plenty of transportation options available.

As we delve deeper into the community, you'll discover a diverse range of residents. The average age of the population is 39.2, which is Below Average in comparison to other BC cities. The average size of families is 2.9, which is Average, while 64.6% of families have children, making it an excellent place for families to raise their kids.

The neighborhood is also home to a variety of languages, with 88.3% of residents speaking only English, which is Below Average. However, 7.5% of the population speaks both English and French, which is Average. Additionally, 4.1% of residents speak neither English nor French, which is High compared to other BC cities.

In terms of transportation, 21.5% of residents use public transport, which is Above Average, while 75.1% use cars, which is Below Average. Only 0.5% of residents use bicycles, which is Below Average, and 1.8% walk, which is Low.

Lastly, let's talk about the real estate context. The average value of dwellings in this neighborhood is $889,162, which is High compared to other areas in British Columbia. The average owner payments are Above Average, with $1,522 spent on average for the dwelling. Tenants are paying $1,197, which is also Above Average.

In conclusion, 2705 720 Farrow Street, Coquitlam, BC, listed as MLS® R3046840, is an excellent choice for those seeking a safe, family-friendly community with plenty of amenities and attractions. With its Below Average crime rate, Above Average household income, and convenient location, this property is sure to please even the most discerning buyers.

As your trusted realtor, I'm excited to guide you through the process of finding your dream home in this lovely neighborhood. Contact me today to schedule a viewing and make 2705 720 Farrow Street your home sweet home!