498 E 5th Ave, Vancouver, BC, MLS® R3006665

Welcome to the vibrant Mount Pleasant neighborhood in Vancouver, BC, where community spirit and urban convenience come together. As your trusted realtor, I'm delighted to introduce you to this stunning property at 498 E 5th Avenue, MLS® R3006665.

Let's start with the exceptional schools in the area. Mount Pleasant Elementary School, located just a 0.24 km stroll from this property, boasts a rating of No Rating. Families love this area because of its commitment to education and community values. Nearby, Vancouver Technical Secondary School is a 5.19 km drive away, offering a range of academic and extracurricular opportunities. And for those seeking a private education, St. Francis Xavier Elementary Independent School, with a stellar rating of 9.8/10, is just a 0.14 km walk away. Furthermore, Columbia College, a Secondary Independent School with No Rating, is situated 0.64 km from this property.

Now, let's talk about safety. According to the latest statistics from Statistics Canada (2020), this neighborhood experiences an Average crime rate of 7,470.82 incidents per 100,000 population. While there were 52,217 total disturbances, the overall crime rate is relatively stable, with a year-over-year change of -14.94%. Broken down further, the neighborhood's drug crime rate is Average, with a rating of 229.49 and 1,604 incidents in 2020. The property crime rate is Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. Meanwhile, the violent crime rate is Below Average, with 1,311.69 incidents and a year-over-year change of 3.53%.

When it comes to transportation, the closest Bus station is Eastbound Great Northern Way @ Carolina St, just 0.14 km away from this property. This convenient location makes it easy to get around the city.

Demographically, this neighborhood is characterized by a High percentage of residents with a university certificate or degree (46.6%), and a Low percentage of residents with no certificate or degree (7.3%). The median household income is $58,832, which is Below Average compared to British Columbia's average. However, the median personal income is $41,461, which is Above Average in comparison. The neighborhood also boasts a High percentage of households with a mortgage (74.3%).

In terms of growth and development, this area is experiencing a High population change rate of 22.3% between 2011 and 2016, which is above the average growth rate of the region.

The average size of families in this area is 2.3, which is Low compared to the whole region. The percentage of families with children is 32%, also Low. Interestingly, the average age of the population is 38.9, which is Below Average compared to other BC cities.

Lastly, let's talk about real estate. The average value of dwellings in this neighborhood is $512,551, which is Above Average compared to other areas in British Columbia. As an owner, you can expect to pay an average of $1,475 per month in mortgage payments, while tenants are paying $1,128 on average. Notably, 59.7% of the population in this neighborhood are renters, which is High compared to other BC cities.

In terms of transportation, 27.6% of the population uses Public Transport, which is High, while 41.7% use Cars, which is Low. 15.4% of residents use Bicycles, which is High, and 13.8% walk, also High.

In conclusion, this exceptional property at 498 E 5th Avenue, MLS® R3006665, offers a unique blend of community spirit, urban convenience, and access to top-notch schools and amenities. As your trusted realtor, I invite you to explore this incredible opportunity and make this house your home.