Prime investment and development opportunity! Located directly across from Oak Park and steps away from the brand-new, under-construction 183,000 sq ft, $91 million new Marpole Community Centre, this fully renovated 6-bedroom, 3-bathroom home offers strong rental income and future potential. Sitting on a 4,277 sq ft lot, the home was extensively updated in 2023 with modern finishes and a functional layout perfect for multi-family living. Currently rented 5 bedrooms for $5,000/month, making it ideal for investors or developers looking to hold and build. Roof updated in 2017. Rare chance to own a property in a rapidly growing neighborhood with major amenities and transit nearby.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 14'2 x 14'2 ft |
| Main Level | Bedroom | 11'9 x 11'9 ft |
| Main Level | Bedroom | 11'9 x 11'9 ft |
| Main Level | Kitchen | 10'6 x 10'6 ft |
| Above Level | Bedroom | 9'7 x 9'7 ft |
| Above Level | Bedroom | 8'11 x 8'11 ft |
| Basement Level | Bedroom | 13'6 x 13'6 ft |
| Basement Level | Bedroom | 10'8 x 10'8 ft |
| Basement Level | Storage | 10'8 x 10'8 ft |
| Basement Level | Laundry | 10' x 10' ft |
| Basement Level | Other | 5'4 x 5'4 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #3 |
| Basement | No | #3 |
| Above Level | No | #3 |
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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Welcome to 922 Park Drive, a charming home in the heart of Vancouver, BC
As we step into the vibrant neighborhood of 922 Park Drive, we're surrounded by the beauty of British Columbia's largest city. This stunning property, with MLS® R3000201, is the perfect blend of comfort, convenience, and community.
Excellent Schools
Let's start with the foundation of a happy family: excellent schools. Our top-rated schools are just around the corner, making it easy for kids to get to Sir Wilfrid Laurier Elementary School, rated 7.5/10, within 0.58 km. This school is highly praised by families for its supportive environment and excellent academics. Our home is also close to Sir Winston Churchill Secondary School, rated No Rating, just 0.77 km away. And for families who prefer independent schools, Vancouver Hebrew Academy (No Rating) is just 1 km away, providing a unique educational experience.
A Safe and Welcoming Community
As we walk through the neighborhood, we're reminded of the importance of safety and community. According to Statistics Canada's 2020 report, the area around 922 Park Drive has an average crime rate of 7,470.82, which is typical of urban areas. However, with a low rate of 229.49, drug-related crimes are manageable and well-handled by local authorities. Additionally, the property crime rate is above average, with 5,020.27 incidents per 100,000 population, but this is largely due to the area's high population density.
Convenient Commuting
Getting around Vancouver is a breeze with easy access to public transportation. The Northbound Oak St @ Park Dr bus station is just 0.19 km away from our home, making it convenient for commuters to get to work or school. Major highways and SkyTrain stations are also nearby, providing effortless travel throughout the city.
Diverse and Affluent Community
This neighborhood is home to a diverse group of residents, with 36.6% holding a university certificate or degree, making it high compared to other BC neighborhoods. The median household income is $66,125, which is average in comparison to British Columbia. However, the median personal income is $24,722, which is below average. The area has a mix of renters and homeowners, with 42.1% of households having a mortgage, which is low.
A Thriving Community
As we explore the neighborhood, we're surrounded by a thriving community with a mix of young families and professionals. With 71.8% of families with children, this area is perfect for families. The average family size is 2.9, which is average compared to the region. The average age of the population is 42.4, which is average compared to other BC cities.
A Home in High Demand
This property is a sought-after gem in the heart of Vancouver, with an average value of dwellings in the area being $1,969,471, which is high compared to other areas in British Columbia. Tenants are paying an average of $1,226 per month, which is above average, while owners are spending an average of $1,719 per month. With 39.5% of the population being renters, this area is popular with those looking for a convenient and affordable lifestyle.
Getting Around
As we walk through the neighborhood, we notice the mix of transportation options. With 33.3% of the population using public transport, 60% using cars, and 1.9% using bicycles, this area is perfect for those who want to get around without relying on a car.
Welcome to 922 Park Drive, a vibrant and diverse community that offers the perfect blend of comfort, convenience, and community. With its excellent schools, safe and welcoming environment, convenient commuting options, and thriving community, this home is the perfect place to call home.
MLS® R3000201, 922 Park Drive, Vancouver, BC
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