505 150 E Cordova St, Vancouver, BC, MLS® R3046519

Welcome to the vibrant Downtown VE neighborhood, where the 505 150 E Cordova Street property, listed as MLS® R3046519, offers a unique blend of urban living and community charm. As we explore this desirable area, let's start with the schools that serve this neighborhood.

Families love this area because of its proximity to excellent educational institutions. The Lord Strathcona Community Elementary School, located just 0.99 km from 505 150 E Cordova Street, has a high rating and provides a strong foundation for young learners. Additionally, Britannia Community Secondary School is a short 2.27 km away, offering students a comprehensive education in a supportive environment.

For those seeking independent school options, The Westside School, with its No Rating, is just 1.06 km from the property, while Sino Bright School BC, also with No Rating, is conveniently located 0.7 km away.

Now, let's talk about safety. According to the latest crime data from Statistics Canada (2020), this neighborhood has an average crime rate of 7,470.82, which is comparable to other Canadian cities. With a rate of 52,217 violations per 100,000 population, this area is considered safe, with a year-over-year decrease in crime of -14.94%.

Regarding specific crime types, the drug crime rate is average, with a rating of 229.49 and 1,604 incidents in 2020. The year-over-year change in illegal substances offenses is 1.58%. Property crimes are above average, with a rating of 5,020.27 and 35,089 incidents in 2020, showing a decrease of -20.80% year-over-year. Violent crimes are below average, with a rate of 1,311.69 and 9,168 incidents in 2020, demonstrates a 3.53% increase year-over-year.

Getting around is easy in this neighborhood, with the closest bus station, Eastbound E Cordova St @ Main St, just 0.04 km away from the property with MLS® R3046519.

Demographics play a significant role in shaping the community. The neighborhood adjacent to 505 150 E Cordova Street has a high percentage of residents with a university certificate or degree, at 33.2%, which is higher than the average in BC. Conversely, 12.7% of the population has no certificate or degree, which is below average compared to the province.

Economic factors also impact the area. The median household income near this dwelling is $27,258, which is lower than the British Columbia average. However, the median personal income is $23,115, also lower than the BC average. Interestingly, 85.8% of households in this census subdivision have a mortgage, which is high compared to other areas.

The unemployment rate in this region is 10.1%, which is above average compared to other province neighborhoods.

Population growth and density are also noteworthy. The population change between 2011 and 2016 was 18.5%, which is high compared to the average growth rate of this region. The population density per square kilometer is 12,567.4, which is high and reflects the area's urban character.

Families in this area tend to be smaller, with an average size of 2.2, which is lower than the average in the region. Additionally, 25.7% of families have children, which is lower than average. Married or living common-law couples make up 24.4% of the population, also lower than average.

The average age of the population is 45.4, which is above average compared to other BC cities.

In terms of property values , the average value of dwellings in this neighborhood is $644,599, which is high compared to other areas in British Columbia. The average owner payments are also high, with owners spending $1,867 on average for their dwellings. Tenants, on the other hand, pay $914, which is below average compared to other cities.

Renters dominate the population in this area, with 76.8% of residents renting their homes, which is high compared to other BC cities and areas.

Language diversity is also a feature of this neighborhood. English and French speakers make up 13.1% of the population, which is above average. English speakers only account for 81.5%, which is below average, while French speakers only make up 0.1%, which is low. Interestingly, 5.4% of the population speaks neither English nor French, which is high compared to other BC cities.

Transportation options are diverse in this area, with 23.6% of residents using public transport, 23.6% using cars, 8% using bicycles, and 42.9% walking.

In summary