503 5311 Cedarbridge Way, Richmond, BC, MLS® R3005844

Welcome to 503 5311 Cedarbridge Way, a fantastic property located in the heart of Richmond, BC! As an award-winning realtor, I'm excited to guide you through the community and highlight its most attractive features.

Let's start with the schools. This property is serviced by Samuel Brighouse Elementary School, which has a rating of 6.5/10. Located just 1.2 km from the school, it's an ideal location for families. Richmond Secondary School, another highly-rated institution, is also nearby, with a distance of 1.66 km. Both schools offer a great education, and families love this area because of the excellent school options.

In addition to public schools, the closest elementary independent school is Pythagoras Academy, which is just 1.35 km from this home. This school has a rating of No Rating, and it's a great option for families who want a smaller, more personalized education. The closest secondary independent school is City Vancouver Academy, which is 1.55 km from this property and also has a rating of No Rating.

Now, let's talk about safety. According to the 2020 crime statistics from Statistics Canada, this neighbourhood has an overall crime rate of 7,826.57, which is Average compared to other Canadian cities. To put this into perspective, the rate is the amount of incidents per 100,000 population. In 2020, the year-by-year change in the total crime rate was -3.39%.

While the overall crime rate is Average, the property crime rate is Average, with a rating of 3,238.66. There were 6,997 property crimes in this neighbourhood in 2020, and the year-by-year change in the property crime rate is -14.19%. The violent crime rate is Low, with a rate of 919.25, and the year-by-year change in the violent crime rate is 0.06%.

Now, let's take a look at the demographics of this neighbourhood. 33.8% of people with a university certificate or degree live in this area, which is High compared to other BC neighbourhoods. On the other hand, 13% of the population in this area have no certificate or degree, which is Below Average compared to the average in BC.

The median household income near this property is $36,759, which is Low compared to the British Columbia average. The median personal income is also Low, at $18,514. However, 55% of households in this area have a mortgage, which is Below Average.

This property is conveniently located near public transportation. The closest bus station is Westbound Elmbridge Way @ Gilbert Rd, which is just 0.44 km away from this listing.

This neighbourhood offers a wide range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. It's a great place to call home, with plenty of opportunities to get outdoors and enjoy the community.

The average value of dwellings in this neighbourhood is $711,643, which is High compared to other areas in British Columbia. The average owner payments are Above Average, with owners spending an average of $1,392 per month. Tenants, on the other hand, are paying an average of $1,363 per month, which is High compared to other cities.

43.9% of the population in this area are renters, which is Above Average compared to other BC cities and areas. The percentage of English and French speakers is Low, at 2.9%, and the percentage of English speakers only is 79.7%, which is Below Average. The percentage of Neither English nor French speakers is High, at 17.4%.

This area is highly accessible by public transportation. 27.6% of the population use public transport, which is High. 57.9% of the population use cars, which is Low. 0.9% of people use bicycles, which is Average. 13.1% of the population walk, which is High.

In conclusion, 503 5311 Cedarbridge Way is a fantastic property located in a wonderful neighbourhood in Richmond, BC. With its excellent schools, Average safety, and diverse demographics, it's a great place to call home. Whether you're looking for a family-friendly community or a convenient location near public transportation, this property has something for everyone.

MLS® R3005844

Contact me today to schedule a viewing and make this property your dream home!

As a trusted realtor with over a decade of experience in British Columbia real estate, I'm committed to providing you with the best possible service and guidance throughout the buying process.