5564 Elizabeth St, Vancouver, BC, MLS® R3031589

Welcome to 5564 Elizabeth Street, a stunning property located in the heart of Vancouver, BC. As we walk through this beautiful community, I'm excited to share with you the many reasons why this area is a sought-after destination for families and individuals alike.

Let's start with the schools. Sir Wm Van Horne Elementary School, a highly-rated institution, is just a short 0.52 km away from our property, offering families a top-notch education for their children.

Just down the road, you'll find St. Andrew's, an independent elementary school with a unique approach to learning, located 1.44 km from this home. For those seeking a secondary education, King David High School, a respected institution, is conveniently located 0.87 km from this property.

Now, let's talk about safety. According to Statistics Canada's 2020 report, this neighbourhood has an average crime rate of 7,470.82, which is comparable to other Canadian cities. However, it's essential to note that crime rates can fluctuate, and it's always a good idea to consult the most recent data for the most accurate information.

Regarding specific types of crime, the area surrounding MLS® R3031589 has an average drug crime rate, with a rating of 229.49, and an average property crime rate, with a rating of 5,020.27. Violent crime rates in this area are below average, with a rating of 1,311.69.

As we explore the community, you'll find that the closest bus station is Westbound W 41 Ave @ Columbia St, conveniently located just 0.18 km away from this listing.

Now, let's dive into the demographics of this vibrant community. According to the latest data, 40.7% of the population holds a university certificate or degree, which is high compared to other BC neighbourhoods. On the other hand, 12.6% of the population has no certificate or degree, which is below average.

In terms of income, the median household income is $70,617, which is average compared to other BC neighbourhoods. The median personal income is $33,227, also average compared to the BC average. However, it's worth noting that 42.8% of households in this area have a mortgage, which is low compared to other neighbourhoods.

The unemployment rate in this area is a low 4.9%, making it an attractive location for those seeking employment.

This property is located in the Cambie neighbourhood, which experienced an average population growth rate of 0.7% between 2011 and 2016. The population density in this area is 2,643.9 people per square kilometre, which is above average.

In terms of family dynamics, the average family size in this area is 2.8, which is below average. However, 62.4% of families in this area have children, which is above average. Married or living common-law couples make up 54% of the population, which is below average.

The average age of the population in this area is 44.9 years, which is above average compared to other BC cities.

In terms of real estate, the average value of dwellings in this neighbourhood is $1,806,306, which is high compared to other areas in British Columbia. The average owner payments are also high, with owners spending an average of $1,661 per month. Tenants, on the other hand, pay an average of $1,253 per month, which is above average.

Lastly, 38.4% of the population in this area are renters, which is above average compared to other BC cities.

As we conclude our tour of 5564 Elizabeth Street, I hope you've gained a deeper understanding of this vibrant community. With its excellent schools, average crime rates, and attractive demographics, this property is an excellent choice for families and individuals seeking a high-quality lifestyle in Vancouver, BC. If you're ready to call this beautiful home your own, contact me today to schedule a viewing of MLS® R3031589.