5588 Olympic St, Vancouver, BC, MLS^® R3070353

Welcome to 5588 Olympic Street, a beautiful property located in the heart of Vancouver, British Columbia. As your trusted realtor, I'm excited to take you on a tour of this stunning home and the surrounding community.

Education

First, let's talk about the schools in the area. This property is serviced by Southlands Elementary School, which is just a 0.65 km walk away. With a rating of 5.7/10, Southlands Elementary School is a popular choice among families in the neighborhood. We also have Point Grey Secondary School nearby, with a rating of No Rating, located 2.65 km from the property.

For families who prefer independent schools, Crofton House is the closest Elementary school, with a rating of No Rating, located 0.9 km from this home. Crofton House is also the closest Secondary independent school, with the same rating and proximity.

Safety

According to the latest crime data from Statistics Canada (2020), this neighborhood has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. This means that you can enjoy a sense of peace and security in this community. The rate of crime is the amount of incidents per 100,000 population, and in this case, it's Average.

Breaking down the crime rates further, we see that the drug crime rate is Average, with a rating of 229.49 and 1,604 incidents in 2020. The year-over-year change in the illegal substances offences ranking is 1.58%. Property crimes in the neighborhood are Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. However, the year-over-year change in the property misconduct rate is -20.80%. Violent crime rates are Below Average, with a rating of 1,311.69 and 9,168 incidents in 2020.

Lifestyle

This property is located near several amenities that make it an ideal place to live. The closest Bus station is Westbound W 41 Ave @ Olympic St, just 0.11 km away from this listing with MLS^® R3070353.

In terms of demographics, 56% of people with a university certificate/degree live in this neighborhood, which is High compared to other BC neighborhoods. On the other hand, 8% of the population in this neighborhood have no certificate or degree, which is Low compared to the average in BC.

Economy

The median household income near this dwelling is $116,395, which is High compared to the British Columbia average. The median personal income is $42,317, also High compared to the BC average. However, the percentage of households with a mortgage is 40.4%, which is Low.

The unemployment rate in the area is 6.6%, which is Below Average compared to other province neighborhoods.

Community

This real estate is located in the Dunbar neighborhood, where the population change between 2011 and 2016 was -2.8%, which is Below Average compared to average growth rate of this region.

The population density per square kilometre in this community is 3,399.5, which is Above Average. The average size of families in the area is 3.1, which is Above Average. The percentage of families with children is 68.8%, also Above Average. The percentage of married or living common law is 62.7%, which is Above Average.

Real Estate

The average value of dwellings in this neighborhood is $3,294,287, which is High compared to other areas in British Columbia. The average owner payments are High in the area, with $2,457 spent on average for the dwelling. Tenants are paying $1,822 in this district, also High compared to other cities.

In terms of population, 18.4% of the population in this district are renters, which is Average compared to other BC cities and areas. The percentage of English and French speakers is 13.1%, which is Above Average. However, the percentage of English speakers only is 81.2%, which is Below Average. The percentage of neither English nor French speakers is 5.7%, which is High compared to other BC cities.

Lastly, 18.3% of the population in the area use Public Transport, which is Above Average. 69.3% of the population use Cars, which is Below Average. 6% of people use Bicycles, which is High, and 4% of the population are walking, which is Average.

If you're looking for a beautiful home in a safe and vibrant community, 5588 Olympic Street is an excellent choice. With its excellent schools, low crime rate, and plenty of amenities nearby, this property is sure to impress. Contact me today to schedule a