709 89 Nelson St, Vancouver, BC, MLS® R3044145

Welcome to the vibrant community of Yaletown, where you'll find the charming property located at 709 89 Nelson Street, Vancouver, BC, listed with MLS® R3044145. As we explore this beautiful home, let's start with the local schools that will shape the lives of your family.

Just a short 1.03 km away from this property, you'll find Lord Strathcona Community Elementary School, a highly-rated institution that's perfect for young learners. With a rating of No Rating (I'll note that ratings may change over time), this school is a great choice for families who value a well-rounded education. Plus, it's just a stone's throw away from your future home.

In addition to Lord Strathcona, this property is also serviced by King George Secondary School, located a convenient 2.26 km from your doorstep. While it also has a rating of No Rating, this school offers a range of programs and activities to help your teenagers thrive.

For families who prefer a more independent educational experience, there are excellent options nearby. The Westside School, a respected elementary independent school, is just 0.35 km from this home, offering a unique and personalized approach to learning.

As we move on to the topic of safety, let's take a look at the crime statistics for the area surrounding 709 89 Nelson Street, Vancouver, BC. According to the latest data from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. This means you can enjoy a sense of peace of mind, knowing that the community is relatively safe.

Breaking down the crime statistics further, we see that the rate of drug-related offenses is Average, with a rating of 229.49. There were 1,604 illegal substances lawbreaking disturbances in the area in 2020, with a year-over-year change in the illegal substances offences ranking of 1.58%.

In terms of property crimes, the neighborhood surrounding MLS® R3044145 has an Above Average rating, with 5,020.27 incidents reported in 2020. However, it's worth noting that this number has decreased by 20.80% over the past year, indicating a positive trend.

Violent crimes, on the other hand, are relatively rare in this area, with a Below Average rate of 1,311.69 incidents per 100,000 population. This is a reassuring fact for families who value a safe and secure environment.

Now, let's talk about transportation. The closest bus station to this property is Westbound Expo Blvd @ Nelson St, just 0.05 km away from MLS® R3044145. This convenient location makes it easy to get around the city without a car.

When it comes to demographics, this neighborhood is known for its high level of education, with 56.5% of residents holding a university certificate or degree. This is a significant advantage for families who value a strong educational environment. Additionally, the median household income in this area is $78,822, which is Above Average compared to the rest of British Columbia.

The median personal income is also impressive, at $47,376, which is High compared to the BC average. Furthermore, 70.6% of households in this area have a mortgage, indicating a high level of homeownership.

Unemployment rates in the area are also relatively low, at 5.5%, which is a positive sign for the local economy.

In terms of population density, this community is quite high, with 14,953.4 people per square kilometer. This bustling atmosphere is perfect for families who enjoy the energy of a vibrant neighborhood.

The average family size in this area is 2.4, which is a relatively low number compared to the rest of the region. However, 36.5% of families in this area have children, which is a great benefit for families with young kids.

When it comes to age, the average resident of this area is 37.8 years old, which is Below Average compared to other BC cities. This indicates a relatively young and vibrant community.

As we explore the local real estate market, we see that the average value of dwellings in this neighborhood is $756,218, which is High compared to other areas in British Columbia. This means that homes in this area are highly sought after and command a premium price.

In terms of housing costs, owners in this area are paying an average of $1,811 per month, while tenants are paying $1,803. Both of these numbers are High compared to other cities, indicating a relatively expensive housing market.

However, it's worth noting that 51.6% of the population in this area are renters, which is a relatively high number compared to other BC cities. This suggests that there is a strong rental market in this area,