564 Wallace St, Hope, BC, MLS® R3020313

$520,000
Est. Mortgage /mo

$520,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
2 Beds
1 Baths
1 Stories
lot 7000 sqft
813 sqft
1945 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

564 Wallace St, Hope, BC | MLS® R3020313 Property Details

Great holding property.Zoned CBD downtown commercial. Main street in Hope (Wallace), beside lordco. Lane access. Rented to long term tennant that would like to stay, making this a stable investment till developed. Home is old but has some updates.

General Info

Price $520,000
Total Bedrooms 2
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 813
Lot Size 7000
Lot Size Depth Feet
Lot Size Frontage 50
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1945
Age Of Building 80
Building Type Single Family Residence
Property Type Residential
Stories 1
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R3020313
Area Hope & Area
Neighbourhood Hope
City Hope
Gross Taxes $2,902.47
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 0
Heating Type Baseboard, Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Open
Total Parking Spaces 0

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Strata Restrictions -
Rental Restrictions -
Zoning CBD
Rental Suites None
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development -
Exterior Features No Outdoor Area
Sewer Public Sewer, Sanitary Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: RE/MAX Nyda Realty (Hope)

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Private Schools

Elementary, Secondary
Seabird Island Community School
25.77 km
No Rating
Elementary, Secondary
Seabird Island Community School
25.77 km
No Rating

Closest Transit

Hope
6 Ave at Commission St (SB)
0.11 km

Welcome to this charming home located at 564 Wallace Street, Hope, BC, proudly presented with MLS® R3020313. As we walk through this beautiful neighborhood, I'll share with you the unique features that make it an ideal place to call home.

Education

Just down the road, you'll find the Seabird Island Community School, an independent elementary school with a No Rating, located a convenient 25.77 km from this home. This proximity to quality education is a major plus for families, making it an attractive feature of this neighborhood.

As we explore further, you'll discover that Seabird Island Community School is also the closest secondary independent school to this address, offering a comprehensive education for students.

Safety

The safety of our community is of utmost importance, and I'm pleased to report that the crime rate in this area is 22,076.60, which is considered High compared to other Canadian cities in 2020. According to Statistics Canada's 2020 report, this rate is 8.03% lower than the previous year, indicating a downward trend.

Breaking down the crime statistics, we see that the drug crime rate is High, with an illegal substances offenses rating of 524.25. However, it's worth noting that the year-over-year change in this rating is 21.93%, suggesting a slight improvement.

Property crimes are also a concern in this neighborhood, with a rating of 10,615.99, which is High compared to other areas. Nevertheless, the year-over-year change in this rate is -10.27%, indicating a decline.

Violent crime rates are also a factor to consider, with 244 incidents reported in 2020, resulting in a High rate of 3,553.23 compared to other BC municipalities. The year-over-year change in this rate is -5.27%, which is a positive trend.

Demographics

Let's take a look at the demographics of this neighborhood. We see that 10.4% of people in this area have a university certificate/degree, which is Below Average compared to other BC neighborhoods. On the other hand, 23.6% of the population in this area have no certificate or degree, which is Above Average compared to the rest of BC.

The median household income in this neighborhood is $51,226, which is Below Average compared to the British Columbia average. Additionally, the median personal income is $26,471, which is Low compared to the BC average. The percentage of households with a mortgage is 50.6%, which is Below Average.

Transit and Lifestyle Amenities

The closest bus station to this home is the 6 Ave at Commission St (SB) stop, which is a convenient 0.11 km away from this listing with MLS® R3020313.

In terms of lifestyle amenities, this neighborhood offers a range of options, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. The average value of dwellings in this neighborhood is $299,676, which is Below Average compared to other areas in British Columbia.

Real Estate Context

The average owner payments in this area are Low, with owners spending an average of $870 on their dwellings. Tenants, on the other hand, are paying an average of $848 per month, which is also Below Average.

The percentage of renters in this area is 24.7%, which is Average compared to other BC cities and areas.

Language and Transportation

In terms of language, 96% of the population in this area speaks only English, which is High. On the other hand, 3.6% of the population speaks both English and French, which is Low. Additionally, 0.1% of the population speaks only French, which is also Low.

When it comes to transportation, 84.8% of the population uses cars, which is Average. 10.6% of the population walks, which is High, while 1.3% of the population uses bicycles, which is also Average.

As we conclude our tour of this charming home at 564 Wallace Street, Hope, BC, listed with MLS® R3020313, I hope you've seen the many benefits that this neighborhood has to offer. From its proximity to quality education to its range of lifestyle amenities, this area is an attractive option for families and individuals alike.

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $520,000
Hope $541,500
Hope $524,667
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
Thank you Your message has been sent

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