510 4427 Cambie St, Vancouver, BC V5Z 2Y8, Vancouver, BC, V5Z 2Y8, MLS® R3049426

Welcome to 510 4427 Cambie Street, a vibrant and sought-after location in the heart of Vancouver, BC, V5Z 2Y8

As a seasoned realtor with extensive knowledge of the area, I'm excited to guide you through the features and amenities that make this property a standout in the Vancouver real estate market, specifically MLS® R3049426.

Schools: Exceptional Education Options

The property at 510 4427 Cambie Street is conveniently located near Edith Cavell Elementary School, which boasts a rating of 7.1/10. This school is just 0.78 km away, providing easy access for students and parents alike. For those seeking independent education options, Vancouver Talmud Torah Elementary School (Rating: 9.3/10) is nearby, located at 0.82 km. Additionally, King David High School is approximately 1.48 km from the property, offering students a range of educational choices.

Safety: Low Crime Rate, Peace of Mind

According to Statistics Canada's 2020 report, the neighbourhood surrounding 510 4427 Cambie Street, Vancouver, BC, has an overall crime rate of 7,470.82, which is considered Average compared to other Canadian cities. This reassuring low crime rate provides residents with peace of mind, knowing they live in a safe and secure community. The year-over-year change in the total crime rate is -14.94%, indicating a downward trend in criminal activity.

Demographics: Diverse Community with High Education and Income

This desirable neighbourhood boasts a high percentage of residents with a university certificate or degree, at 51.4%, which is significantly higher than the BC average. Conversely, 8.3% of the population in this area have no certificate or degree, an unusually low number compared to the province. The median household income is $83,861, which is Above Average in comparison to the British Columbia average. Meanwhile, the median personal income is $43,215, which is Higher compared to the BC average.

Transit: Convenient Access to Public Transportation

Residents of 510 4427 Cambie Street can easily access public transportation, with the Northbound Cambie St @ W 29 Ave bus station located just 0.05 km away, providing convenient and efficient travel options.

Lifestyle Amenities: Abundance of Options

This vibrant neighbourhood offers an abundance of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals nearby. The area's high population density of 4,526.9 people per square kilometre contributes to a lively and engaging community atmosphere.

Real Estate Context: High-Value Property with Above Average Owner Payments

The average value of dwellings in this neighbourhood is $1,793,194, which is High compared to other areas in British Columbia. Owner payments are also High, with an average of $1,835 spent on the dwelling. Tenants, however, are paying $1,483, which is also High compared to other cities.

Additional Insights:

• 42.9% of the population in this district are renters, which is Above Average compared to other BC cities and areas.
• The unemployment rate in the area is 6.7%, which is Below Average compared to other province neighbourhoods.
• The population change between 2011 and 2016 was 4.4%, which is Above Average in comparison to the average growth rate of this region.
• The average age of the population is 40.9, which is Average compared to other BC cities.
• 29.5% of the population use public transport, which is High, while 45.6% use cars, which is Low. 14.7% of the population walk, and 9.1% use bicycles, both of which are High.

Experience the charm and convenience of living in this desirable Vancouver neighbourhood. Contact me today to schedule a viewing of 510 4427 Cambie Street, MLS® R3049426, and discover why this property is a standout in the Vancouver real estate market.