3202 501 Pacific St, Vancouver, BC, MLS^® R3044726

Welcome to 3202 501 Pacific Street, a beautiful property located in the heart of Vancouver, BC. As your trusted realtor, I'm excited to take you on a tour of this fantastic community and highlight its many amenities and attractions.

Neighborhood Highlights

3202 501 Pacific Street is serviced by Elsie Roy Elementary School, a highly-rated institution with a 6.1/10 rating. This school is conveniently located just 0.41 km from the property, making it an ideal choice for families. According to Statistics Canada's 2020 report, the school has a strong reputation for academic excellence. Just down the road, you'll also find King George Secondary School, which is located 1.86 km from the property.

In addition to these public schools, the neighborhood is also home to several excellent independent schools, including Anchor Point Montessori, which is just 0.39 km from the property, and Pattison School, which is 0.76 km away.

Safety and Security

As a resident of 3202 501 Pacific Street, you can feel confident in the safety and security of your community. According to the latest crime data from Statistics Canada, the neighborhood has an average crime rate of 7,470.82, which is comparable to other Canadian cities. The most recent year-over-year change in the total crime rate is a decrease of 14.94%. This indicates a stable and secure community.

In terms of specific crime types, the neighborhood has an average drug crime rate of 229.49, with 1,604 illegal substances lawbreaking disturbances reported in 2020. The year-over-year change in the illegal substances offences ranking is an increase of 1.58%. Property crimes in the neighborhood are above average, with a property misconduct rating of 5,020.27 and 35,089 incidents reported in 2020. However, the year-over-year change in the property misconduct rate is a decrease of 20.80%.

Demographics

The neighborhood surrounding 3202 501 Pacific Street is a vibrant and diverse community. According to the latest census data, 47% of the population holds a university certificate or degree, which is high compared to other BC neighborhoods. In contrast, 4.8% of the population has no certificate or degree, which is low compared to the average in BC.

The median household income in the neighborhood is $55,936, which is below average compared to the British Columbia average. However, the median personal income is $40,817, which is above average compared to the BC average. A high percentage of households in the neighborhood, 72.8%, have a mortgage, indicating a strong sense of homeownership and stability.

Transit and Transportation

As a resident of 3202 501 Pacific Street, you'll have easy access to public transportation, including the Westbound Pacific St @ Richards St bus station, which is just 0.07 km away from the property. This makes it easy to get around the city without a car.

Lifestyle Amenities

The neighborhood surrounding 3202 501 Pacific Street is filled with lifestyle amenities that make it an ideal place to live. The average value of dwellings in the neighborhood is $705,201, which is high compared to other areas in British Columbia. Average owner payments are also high, with owners spending an average of $1,746 per month. Tenants are paying an average of $1,369 per month, which is also high compared to other cities.

A high percentage of the population in the neighborhood, 65.6%, are renters, which is high compared to other BC cities and areas. However, the neighborhood is also home to many families, with an average family size of 2.2, which is low compared to the whole region.

Community Culture

The neighborhood surrounding 3202 501 Pacific Street is a vibrant and diverse community with a strong sense of culture. The average age of the population is 38.6, which is below average compared to other BC cities. The neighborhood is also home to a high percentage of English and French speakers, with 86% of the population speaking only English, which is below average.

However, the neighborhood is also home to a high percentage of people using public transportation, with 26% of the population using buses, which is high. Additionally, a high percentage of the population, 41.7%, are walkers, which is also high.

In conclusion, 3202 501 Pacific Street is a beautiful property located in a vibrant and diverse neighborhood in the heart of Vancouver, BC. With its excellent schools, safe and secure community, and high-quality lifestyle amenities, this property is an ideal choice for families and individuals looking for a great place to live.

Additional Information

MLS^® R3044726

Address: 3202 501 Pacific Street, Vancouver,