916 Eighth St, New Westminster, BC, MLS^® R3042795

Welcome to 916 Eighth Street, a charming community in the heart of New Westminster, BC. As your trusted realtor, I'm excited to share with you the unique features of this neighbourhood and why it's a wonderful place to call home.

Let's start with the schools. Lord Kelvin Elementary School is conveniently located just 0.57 km from 916 Eighth Street, making it an ideal choice for families with young children. With a rating of 5.2/10, this school provides a solid foundation for academic growth. For those seeking a more independent education, Our Lady of Mercy School, a highly-rated elementary school, is just a short 0.43 km away. Meanwhile, St.Thomas More Collegiate, a nearby secondary independent school, offers a diverse range of academic programs.

Now, let's talk about safety. According to the latest statistics from Statistics Canada (2020), this neighbourhood has an average crime rate of 6,761.11 incidents per 100,000 population. While this may seem concerning, it's essential to note that crime rates can vary greatly depending on the source and methodology used. What's more important is that this neighbourhood has seen a notable decrease in crime rates over the years, with a year-by-year change of -10.42%. Additionally, the drug crime rate is below average, with a rating of 134.4 and a year-by-year change of -5.34%. Property crimes are also average, with a rating of 3,807.97 and a year-by-year change of -11.79%. Violent crime rates are similarly average, with a rating of 1,383.94 and a year-by-year change of -5.91%.

When it comes to transportation, the Northbound 8th St @ 10 Ave bus stop is just 0.05 km away from 916 Eighth Street, making it an ideal location for those who rely on public transportation.

Now, let's dive into the demographics of this neighbourhood. With 26.1% of the population holding a university certificate or degree, this area is above average compared to other BC neighbourhoods. Meanwhile, 13.6% of the population has no certificate or degree, which is below average. The median household income is $48,474, which is considered low compared to the British Columbia average. However, the median personal income is $30,674, which is also below average. Interestingly, 58.9% of households in this area have a mortgage, which is average.

Unemployment rates in this area are low, at 5.3%, making it an attractive location for those seeking employment opportunities. The population growth rate between 2011 and 2016 was 2.7%, which is above average for this region. With a population density of 7,617.7 people per square kilometre, this area is considered high-density.

Families are an essential part of this community, with an average family size of 2.7, which is below average. However, 56.1% of families in this area have children, which is average. The average age of the population is 41.3, which is average compared to other BC cities.

When it comes to real estate, the average value of dwellings in this neighbourhood is $755,478, which is high compared to other areas in British Columbia. Average owner payments are above average, at $1,505, while tenants are paying an average of $983, which is average.

Interestingly, 70.5% of the population in this area are renters, which is high compared to other BC cities and areas. The percentage of English and French speakers is average, at 8.6%, while the percentage of English speakers only is 89.2%, which is also average.

Finally, the mode of transportation in this area is diverse, with 33.7% of the population using public transport, 59.7% using cars, 0.9% using bicycles, and 4.8% walking.

In conclusion, 916 Eighth Street, New Westminster, BC (MLS^® R3042795) is a wonderful community that offers a unique blend of education, safety, and lifestyle amenities. With its convenient location, high-density population, and diverse transportation options, this area is an attractive choice for families and individuals alike.

As your trusted realtor, I would be delighted to help you explore this community further and find your dream home. Contact me today to schedule a viewing and experience the best of New Westminster for yourself!