Prime development opportunity situated along the Bernard Avenue Transit Supportive Corridor(TSC), this property offers exceptional potential for apartment development under current TSC guidelines. Just steps from the highly anticipated new Parkinson Recreation Centre and minutes to downtown, this site is ideally located in a rapidly evolving, transit-oriented area within the Glenmore neighbourhood. The flat lot and central location make it a strong candidate for multi-unit residential, apartment, or mixed-use development.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 2'1 x 2'1 ft |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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Welcome to 1413 E Cherry Crescent, a stunning property nestled in the heart of No City Value, BC
As we step into this beautiful home, you'll appreciate its prime location and the abundance of amenities surrounding it. Let's start with the schools – a top priority for families. The property is serviced by Bankhead Elementary School, which boasts a rating of 4.6/10 and is conveniently located just 0.93 km away from 1413 E Cherry Crescent, MLS® R3045239.
But that's not all – the neighborhood is also home to Kelowna Secondary School, with a rating of No Rating, situated 2.97 km from the property. For those seeking an independent education, St. Joseph Elementary School, with a rating of 7.9/10, is just 1.96 km away. And if you're looking for a secondary independent school, Kelowna Christian School, with a rating of 8.4/10, is 2.81 km from the property.
Crime Rates and Safety
Let's take a closer look at the crime statistics for the area. According to Statistics Canada's 2020 report, the neighborhood surrounding 1413 E Cherry Crescent, No City Value, BC, has an overall crime rate of 12,529.51, which is Above Average compared to other Canadian cities. The rate is calculated based on incidents per 100,000 population. Year-over-year, the crime rate has decreased by 8.71%. While there were 18,309 disturbances in the area, the rate is considered Above Average.
Breaking down the crime statistics, we see that the drug crime rate near MLS® R3045239 is High, with a rating of 711.71. There were 1,040 illegal substances lawbreaking disturbances in the area in 2020. The year-over-year change in the illegal substances offenses ranking is 31.89%. Property crimes in the neighborhood are also High, with a rating of 6,636.69 and 9,698 incidents in 2020. The year-over-year change in the property misconduct rate is -21.39%. Violent lawbreaking disorders in the area totaled 2,904 in 2020, with a rate of 1,987.31, which is Above Average. The year-over-year change in the violent crime rate is 12.91%.
Transit and Commuting
Getting around is easy with the Bernard at Cherry Cres W (SB) bus station just 0.14 km away from the property, MLS® R3045239.
Demographics and Lifestyle
Let's take a look at the demographics and lifestyle of the area. According to the 2020 census, 16.8% of the population has a university certificate or degree, which is Average compared to other BC neighborhoods. However, 12.6% of the population in the area has no certificate or degree, which is Below Average. The median household income near 1413 E Cherry Crescent, No City Value, BC, is $78,490, which is Above Average compared to the British Columbia average. The median personal income is $35,648, which is Average. A significant 64% of households in the area have a mortgage, which is Above Average.
Unemployment and Growth
The unemployment rate in the area is 5.4%, which is Low compared to other province neighborhoods.
Real Estate Context
The property is located in the FVREB Out of Town area, where the population change between 2011 and 2016 was 15.4%, which is High compared to the average growth rate of the region. The average size of families in the area is 2.8, which is Below Average. The percentage of families with children is 53.8%, which is Below Average. The average age of the population is 41.2, which is Average.
Community Amenities
The neighborhood surrounding 1413 E Cherry Crescent, No City Value, BC, has an average value of dwellings of $478,988, which is Above Average compared to other areas in British Columbia. Average owner payments are Above Average in the area, with homeowners spending an average of $1,349 per month. Tenants, on the other hand, are paying an average of $1,244 per month, which is Above Average. The percentage of renters in the area is 34.2%, which is Above Average compared to other BC cities and areas.
Language and Transportation
The area is predominantly English-speaking, with 89.3% of residents speaking English only. The percentage of neither English nor French speakers is 0.7%, which is Below Average. The majority of residents use cars to get around, with 81.5% of the population driving. Public transportation usage is Below Average, with
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