6578 Oak St, Vancouver, BC, MLS^® R2961866

Welcome to 6578 Oak Street, a beautiful property located in the heart of Vancouver, BC. This stunning home, listed as MLS^® R2961866, is not only a great place to live, but also an excellent investment opportunity. As we explore this neighborhood, you'll discover why it's a sought-after destination for families and individuals alike.

Let's start with the schools. Dr. Annie B. Jamieson Elementary School, a highly-rated institution with an 8.3/10 rating, is just a short 0.56 km away from this property. This school is part of the Vancouver School District and offers a great education for kids. Just down the road, you'll also find Sir Winston Churchill Secondary School, a prestigious institution with a strong reputation in the community.

In addition to these excellent schools, there are also several independent schools in the area. The Vancouver Hebrew Academy, a highly-regarded institution, is just 1.44 km away, while the Pacific Torah Institute is a short 1.07 km from this property.

Now, let's talk about safety. According to the latest crime statistics from Statistics Canada (2020), this neighborhood has an average crime rate compared to other Canadian cities. With a total of 52,217 reported incidents, the overall crime rate stands at 7,470.82 per 100,000 population. While this is not an alarmingly low number, it's still a safe and secure community to live in.

In terms of specific types of crime, the neighborhood surrounding this property has an average drug crime rate, with a rating of 229.49 incidents per 100,000 population. There were 1,604 reported incidents of illegal substances lawbreaking in this area in 2020.

Property crimes, on the other hand, are a concern in this neighborhood. With a rating of 5,020.27 incidents per 100,000 population, this area has a higher-than-average property crime rate. However, it's worth noting that the year-over-year change in property misconduct rates is a significant -20.80%.

Regarding violent crimes, the neighborhood surrounding this property has a below-average rate of 1,311.69 incidents per 100,000 population. This is a testament to the community's strong sense of safety and security.

As we move on to demographics, you'll find that this neighborhood is a hub for educated individuals. With 41.5% of the population holding a university certificate or degree, this area has a high concentration of highly educated residents. In contrast, only 11.9% of the population in this neighborhood has no certificate or degree.

In terms of income, the median household income in this area is $71,467, which is average compared to other BC neighborhoods. However, the median personal income is $25,422, which is lower than the average in BC.

Unemployment rates in this area are also relatively low, standing at 5.2%. This is a testament to the strong economy and job market in this neighborhood.

The population growth rate in this area has been relatively stable, with a 0.1% change between 2011 and 2016. This is average compared to other areas in the region.

In terms of population density, this neighborhood has a high concentration of residents, with 3,403.7 people per square kilometer. This is above average compared to other areas in BC.

Family dynamics are also an important aspect of this neighborhood. The average size of families in this area is 3, which is above average compared to other regions. Additionally, 69.7% of families in this area have children, which is a relatively high percentage.

The average age of residents in this neighborhood is 43.6 years, which is above average compared to other areas in BC.

Now, let's talk about real estate. The average value of dwellings in this neighborhood is $2,931,338, which is high compared to other areas in BC. This is a testament to the desirability of this neighborhood and the strong demand fro housing.

In terms of mortgage payments, the average owner payments in this area are high, with an average of $2,407 spent on dwellings. Tenants, on the other hand, are paying an average of $1,637 in this area.

The rental market in this neighborhood is also thriving, with 48.6% of the population being renters. This is a relatively high percentage compared to other areas in BC.

Finally, let's talk about transportation. The closest bus station to this property is the Southbound Oak St @ W 49 Ave, which is just 0.28 km away. This location is convenient for commuters and provides easy access to public transportation.

In terms of transportation methods, 26.8% of the population in this area uses public transport, which is a relatively high percentage. In contrast,