2709 1008 Cambie St, Vancouver, BC, MLS^® R3031985

Welcome to 2709 1008 Cambie Street, a stunning property in the heart of Vancouver's Yaletown!

As we walk through this incredible home, you'll notice its prime location near top-rated schools. Let's start with the elementary school, Elsie Roy Elementary, which is just a 0.51 km stroll away. With a rating of 6.1/10, this school is a gem in the community, offering a well-rounded education to its students. Families love this area because of the excellent schools, and this property is no exception.

In addition to Elsie Roy Elementary, this home is also serviced by King George Secondary School, located 2.06 km away. While this school doesn't have a rating, it's a testament to the community's commitment to education.

But that's not all - this property is also close to several independent schools, including The Westside School (0.4 km away) and Lowell High School (0.45 km away). Both of these schools offer unique learning experiences that cater to different needs and interests.

Now, let's talk about the safety of the community. According to the latest crime data from Statistics Canada (2020), this neighborhood has an average crime rate of 7,470.82, which is comparable to other Canadian cities. While there were 52,217 disturbances in the area, the overall rate is below average, providing peace of mind for residents. Additionally, the drug crime rate is average, with 229.49 incidents per 100,000 population.

In terms of property crimes, this neighborhood has an above-average rate, with 5,020.27 incidents per 100,000 population. However, the year-over-year change is -20.80%, indicating a decreasing trend. On the other hand, the violent crime rate is below average, with 1,311.69 incidents per 100,000 population.

Now, let's explore the community's demographics. This neighborhood is home to 57% of people with a university certificate or degree, which is high compared to other BC neighborhoods. In contrast, only 5.1% of the population has no certificate or degree, which is low compared to the average in BC.

In terms of income, the median household income in this area is $88,789, which is above average compared to British Columbia. The median personal income is $47,701, which is also high compared to the BC average. Additionally, 56.2% of households in this area have a mortgage, which is average.

Unemployment rates in this area are low, at 4.5%, making it an attractive option for those looking for a stable community.

This property is located in the heart of Yaletown, an area that has experienced average population growth between 2011 and 2016 (1.9%). The population density in this area is high, with 20,214.4 people per square kilometer.

In terms of family dynamics, the average size of families in this area is 2.6, which is low compared to the whole region. However, 48.4% of families in this area have children, which is below average. The average age of the population in this area is 43.8, which is above average compared to other BC cities.

Now, let's talk about the real estate context. The average value of dwellings in this neighborhood is $1,095,068, which is high compared to other areas in British Columbia. The average owner payments are also high, at $1,964 per month. Tenants in this area pay an average of $1,910 per month, which is also high compared to other cities.

Finally, 44.6% of the population in this area are renters, which is above average compared to other BC cities. The most common modes of transportation in this area are public transport (22.8%), walking (28.1%), and bicycles (2.6%).

In conclusion, 2709 1008 Cambie Street is a stunning property in a desirable neighborhood with excellent schools, a safe community, and a strong economy. With its high-end finishes, prime location, and excellent amenities, this property is a must-see for anyone looking for a luxurious lifestyle in the heart of Vancouver.

MLS^® R3031985

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