5555 Wallace Rd, Richmond, BC, MLS® R2854238

Welcome to 5555 Wallace Road, Richmond, BC, a stunning property listed as MLS® R2854238. As your trusted realtor, I'm excited to share with you the wonderful features of this home and its surrounding community.

Let's start with the neighbourhood's top-notch schools. James McKinney Elementary School is a short 0.14 km away, boasting a rating of 7.5/10. Your family will appreciate the school's commitment to academic excellence, making it an ideal choice for neighbourhood kids. In addition to James McKinney, Steveston-London Secondary School is just 0.98 km away, providing a seamless transition to secondary education.

As you explore the area, you'll find that the closest Elementary independent school is St.Joseph the Worker School, with a rating of No Rating, located 0.93 km from this home. This school offers an alternative educational experience for families seeking a unique approach to learning. For secondary students, Richmond Christian School is the closest independent school, boasting a rating of 9.3/10, and located 5.2 km from this property.

Now, let's talk about the safety of the neighbourhood. The latest crime data from Statistics Canada (2020) reveals that this area has an overall crime rate of 7,826.57, which is considered Average compared to other Canadian cities. While there were 16,909 volation disturbances in the neighbourhood, the rate is still relatively low. To put this into perspective, the neighbourhood's crime rate is 7,826.57, which is Average. Between 2016 and 2020, the total crime rate decreased by 3.39%.

Regarding property crimes, the rating adjacent to MLS® R2854238 is Average, with 3,238.66 incidents per 100,000 population in 2020. The year-over-year change in property misconduct rate is -14.19%. On the other hand, drug crime rate is High, with 2,081.96 incidents per 100,000 population in 2020. The year-over-year change in the illegal substances offences ranking is 19.46%. Violent lawbreaking disorders are Low, with 919.25 incidents per 100,000 population in 2020. The year-over-year change in the violent crime rate is 0.06%.

Conveniently located near public transportation, the Southbound No. 2 Rd @ Wallace Rd bus station is just 0.29 km away from this property, making it easy to commute to work, school, or run errands.

Now, let's dive into the demographics of the neighbourhood. With 35.7% of the population holding a university certificate or degree, this neighbourhood is considered High in comparison to other BC neighbourhoods. In contrast, 11.2% of the population in this area have no certificate or degree, making it Low compared to the average in BC.

In terms of income, the median household income near this property is $88,883, which is Above Average compared to the British Columbia average. However, the median personal income is $29,936, which is Below Average compared to the BC average. Additionally, 52.7% of households in this neighbourhood have a mortgage, which is Below Average.

The unemployment rate in this area is 3.9%, making it Low compared to other province neighbourhoods. Population growth between 2011 and 2016 was -7.9%, which is Low compared to average growth rate of this region.

The neighbourhood's population density is 3,829.9 people per square kilometre, making it High compared to other areas. Average family size in the area is 3, which is Above Average in comparison to the whole region. The percentage of families with children near this property is 68.3%, making it Above Average. Furthermore, 65.2% of the population in this area are married or living common law, making it Above Average.

The average age of the population in this area is 43, which is Above Average in comparison to other BC cities. Average value of dwellings in this neighbourhood is $1,252,544, making it High compared to other areas in British Columbia. Average owner payments are Above Average in the area, with $1,505 spent on average for dwellings. Tenants are paying $1,477 in this district, making it High compared to other cities.

In terms of housing, 15.2% of the population in this area are renters, making it Below Average compared to other BC cities and areas. The percentage of English and French speakers is 5.5%, making it Below Average. However, 85.7% of the population in this area speak only English, making it Below Average. Additionally, 8.8% of the population in this area do not speak English or French, making