3202 501 Pacific St, Vancouver, BC, MLS® R3044726

Welcome to 3202 501 Pacific Street, a stunning property in the heart of Vancouver, BC's vibrant Downtown VW neighborhood, listed as MLS® R3044726.

As we walk through the community, I'm excited to share with you the unique features that make this area so special. Let's start with the top-rated schools that serve this neighborhood.

Excellence in Education

3202 501 Pacific Street is conveniently located near Elsie Roy Elementary School, which boasts a respectable rating of 6.1/10. This school is just 0.41 km away from the property, making it an ideal choice for families. Just down the road, you'll also find King George Secondary School, with a rating of No Rating, located 1.86 km from the property.

For those seeking alternative education options, Anchor Point Montessori Elementary Independent School is just 0.39 km away, with a rating of No Rating. Pattison School is also close by, with a rating of No Rating and situated 0.76 km from the property.

A Safe and Welcoming Community

According to the latest crime statistics from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is average compared to other Canadian cities. The rate of 52,217 disturbances per 100,000 population is also average. Looking at the year-over-year change, we see a decrease of 14.94% in the total crime rate.

Breaking down the crime statistics further, we find that the drug crime rate is average, with 229.49 incidents per 100,000 population. There were 1,604 illegal substances lawbreaking disturbances in 2020, resulting in a year-over-year change of 1.58%. Property crimes in the neighborhood are above average, with 5,020.27 incidents per 100,000 population.

A Thriving Community with Excellent Demographics

This neighborhood boasts a high percentage of university-educated residents, with 47% of the population holding a university certificate or degree, which is high compared to other BC neighborhoods. On the other hand, only 4.8% of the population in this area have no certificate or degree, which is low compared to the average in BC.

Lifestyle and Amenities

3202 501 Pacific Street offers easy access to a variety of lifestyle amenities. The closest bus station, Westbound Pacific St @ Richards St, is just 0.07 km away from the property.

A Mix of Families and Professionals

According to the latest census data, 72.8% of households in this area have a mortgage, which is high compared to other neighborhoods. The median household income near this property is $55,936, which is below average compared to other BC neighborhoods. However, the median personal income is $40,817, which is above average.

A Hub of Activity

This neighborhood has seen significant growth, with a population change of 40.2% between 2011 and 2016, which is high compared to average growth rates in the region. The average size of families in this area is 2.2, which is low compared to other areas. The percentage of families with children is 24.4%, which is also low.

A Vibrant and Diverse Community

The average age of the population near 3202 501 Pacific Street is 38.6, which is below average compared to other BC cities. The average value of dwellings in this neighborhood is $705,201, which is high compared to other areas in British Columbia.

A Mix of Owner-Occupiers and Renters

65.6% of the population in this area are renters, which is high compared to other BC cities and areas. The average owner payments for dwellings in this area are high, with owners spending an average of $1,746 per month. Tenants are paying an average of $1,369 per month, which is also high.

A Hub of Activity with a Strong Economy

The unemployment rate in this area is 5.9%, which is below average compared to other province neighborhoods.

A Unique Community with a Strong Sense of Identity

The neighborhood around 3202 501 Pacific Street, Vancouver, BC V6Z 2X6, is a vibrant and diverse community with a strong sense of identity. With its excellent schools, safe and welcoming atmosphere, and thriving community, this property is an ideal choice for families and professionals alike.

As your trusted realtor, I'm excited to help you navigate the community and find the perfect home that suits your needs and lifestyle. Contact me today to schedule a viewing of 3202 501 Pacific Street, listed as MLS® R3044726.