302 720 Farrow St, Coquitlam, BC, MLS^® R3057455

Welcome to 302 720 Farrow Street in the vibrant community of Coquitlam, BC. As your trusted realtor, I'm excited to share with you the wonderful features of this neighborhood, making it an ideal place to call home.

### Education

Let's start with the excellent education system in this area. The closest Elementary independent school to 302 720 Farrow Street is the Mediated Learning Academy, rated No Rating by recent parents. This school is conveniently located just 0.67 km from the property, making it an easy commute for your little ones. Families love this area because of its emphasis on individualized learning and small class sizes, providing a nurturing environment for young minds to flourish.

### Safety

When it comes to safety, Coquitlam West, where 302 720 Farrow Street is located, has a Below Average crime rate compared to other Canadian cities, according to Statistics Canada's 2020 report. With a total crime rate of 5,163.13 incidents per 100,000 population, you can rest assured that this neighborhood is a peaceful and secure place to live. The overall crime rate in this area has even seen a -12.53% decrease year-over-year, making it an attractive choice for families and individuals alike.

### Demographics

This charming neighborhood boasts a diverse population, with 29.3% of residents holding a university certificate or degree, making it Above Average compared to other BC neighborhoods. You'll find a mix of young professionals, families, and long-time residents, all contributing to the area's vibrant community spirit. With a Median Household Income of $69,171, this area is Average compared to the British Columbia average. However, the Median Personal Income of $31,442 is Below Average, indicating a strong sense of community and a focus on quality of life.

### Lifestyle Amenities

Just down the road, you'll find the Burquitlam Station @ Bay 3, conveniently located 0.15 km from 302 720 Farrow Street. With public transportation at your doorstep, commuting to work or school is a breeze. When it's time to unwind, enjoy the nearby parks, beaches, and trails, perfect for outdoor enthusiasts and nature lovers.

### Real Estate Context

The average value of dwellings in this neighborhood is $889,162, making it High compared to other areas in British Columbia. With 36.3% of the population renting, this area is Above Average compared to other BC cities. The average Owner payments are Also Above Average in the area, with $1,522 spent on average for the dwelling. Tenants, on the other hand, pay $1,197 on average, also Above Average compared to other cities.

### Unemployment and Growth

Coquitlam West has seen a High population growth rate of 14% between 2011 and 2016, making it an attractive choice for those looking for a community with a strong sense of growth and development. The unemployment rate in this area is 6.5%, which is Below Average compared to other province neighborhoods.

### Commuting and Transportation

With a population density of 3,693 people per square kilometer, this community is certainly vibrant and bustling. When it comes to commuting, 75.1% of residents use Cars, making it Below Average compared to other cities. However, 21.5% of the population uses Public Transport, which is Above Average.

As we explore the wonderful features of 302 720 Farrow Street, it's clear that this neighborhood has something to offer everyone. From excellent education options to a strong sense of community, this area is a hidden gem in Coquitlam, BC. If you're looking for a place to call home, I highly recommend considering this property, MLS^® R3057455.