2 5315 Inverness St, Vancouver, BC, MLS^® R3050055

Welcome to 2 5315 Inverness Street, a beautiful property nestled in the heart of Vancouver, BC. As we walk around this charming neighborhood, I'm excited to share with you the fantastic features and amenities that make this area so desirable.

Education

Let's start with the schools. This home is serviced by Sir Alexander Mackenzie Elementary School, a highly-rated institution with a 5.8/10 rating. The property is conveniently located just 0.43 km from the school, making it an ideal choice for families with children. Additionally, John Oliver Secondary School is just 1.04 km away, providing students with access to quality secondary education. For those seeking an alternative education option, St. Andrew's Elementary and Stratford Hall School are also nearby, offering a range of educational choices.

Safety

When it comes to safety, I'm happy to report that this neighborhood has a relatively low crime rate. According to Statistics Canada's 2020 report, the area has an average crime rate of 7,470.82 incidents per 100,000 population. This is comparable to other Canadian cities and a testament to the community's commitment to safety. In fact, the year-over-year change in the total crime rate is a remarkable -14.94%, indicating a downward trend.

Demographics

As we explore the demographics of this neighborhood, we find a diverse and vibrant community. The median household income is $74,752, which is average compared to other British Columbia neighborhoods. Interestingly, 28.3% of residents hold a university certificate or degree, which is above average for the province. In contrast, 18.1% of the population has no certificate or degree, which is average compared to the rest of BC.

Transit

Convenience is key in this neighborhood, with public transportation options readily available. The Southbound Knight St @ E 37 Ave bus station is just 0.26 km away from this property, providing easy access to the city's public transit system.

Lifestyle Amenities

This area is renowned for its excellent lifestyle amenities. Residents can enjoy nearby parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals, making it an ideal place to call home.

Real Estate Context

As we discuss the real estate context, I'd like to highlight that the average value of dwellings in this neighborhood is $1,336,745, which is high compared to other areas in British Columbia. The average owner payments are also high, with $1,689 spent on average for the dwelling. In contrast, tenants are paying $1,213, which is above average for the city.

Unemployment Rate

The unemployment rate in this area is 6.1%, which is below average compared to other neighborhoods in the province. This indicates a strong and stable economy, making it an attractive choice for homebuyers.

Population Growth

The population change between 2011 and 2016 was 0.1%, which is average compared to the region's growth rate. This stability suggests a well-established community with a strong sense of belonging.

Lifestyle and Demographics

In terms of lifestyle and demographics, this neighborhood is characterized by a high population density of 7,038.9 people per square kilometer. Families with children make up 72.2% of the population, which is high. In contrast, married or living common-law individuals account for 53.1%, which is below average.

Average Age and Value of Dwellings

The average age of the population is 39.9, which is below average compared to other BC cities. The average value of dwellings is $1,336,745, which is high compared to other areas in the province.

English and French Speakers

Interestingly, 6.9% of the population speaks both English and French, which is average. In contrast, 85.6% of residents speak only English, which is below average. This diversity reflects the neighborhood's commitment to inclusivity.

Transportation

As we explore transportation options, we find that 33.6% of the population uses public transportation, which is high. In contrast, 58.6% use cars, which is low. This indicates a strong preference for alternative modes of transportation.

In conclusion, 2 5315 Inverness Street, Vancouver, BC, MLS^® R3050055, is a fantastic property that offers a unique blend of education, safety, demographics, and lifestyle amenities. If you're looking for a home that provides a sense of community, stability, and convenience, this property is definitely worth considering.

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