1004 789 Drake St, Vancouver, BC, MLS^® R3050574

Welcome to 1004 789 Drake Street, a wonderful property located in the heart of Vancouver, BC. As your trusted realtor, I'm excited to guide you through the features and amenities that make this home a great find.

Located in the Downtown Vancouver neighborhood, this property is serviced by Elsie Roy Elementary School, just a 0.65 km stroll away. With a rating of 6.1/10, families love this school for its strong academic programs and supportive community.

Just down the road, you'll find King George Secondary School, a 1.57 km walk from your front door. This school may not have a rating, but it's a great option for students who want to stay close to home.

If you're looking for a private school option, Anchor Point Montessori is just a 0.17 km walk away, with no rating but a great reputation in the community. Alternatively, Pattison School is a 0.52 km walk away, also with no rating but a great option for families who want a smaller class size.

Now, let's talk about the safety of the area. According to the latest crime statistics from Statistics Canada (2020), this neighborhood has an average crime rate of 7,470.82 incidents per 100,000 population. While this may seem high, it's actually average compared to other Canadian cities. In fact, the year-over-year change in the total crime rate is a positive -14.94%, indicating a trend of decreasing crime in the area.

In terms of specific types of crime, the drug crime rate is average, with 1,604 incidents in 2020. However, the year-over-year change in the illegal substances offenses ranking is a positive 1.58%, indicating a slight improvement in this area.

Property crimes are also a consideration, and in this neighborhood, they are above average. However, the year-over-year change in the property misconduct rate is a positive -20.80%, indicating a decrease in property crimes in the area.

Violent crimes are also a concern, but in this neighborhood, they are below average, with 1,311.69 incidents per 100,000 population. The year-over-year change in the violent crime rate is a positive 3.53%, indicating a slight improvement in this area.

Now, let's talk about the demographics of the area. According to the latest census data, 47% of the population in this neighborhood has a university certificate or degree, which is high compared to other BC neighborhoods. Additionally, 4.8% of the population has no certificate or degree, which is low compared to the average in BC.

In terms of income, the median household income in this 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. Furthermore, 72.8% of households in this neighborhood have a mortgage, which is high.

Unemployment rates are also a consideration, and in this neighborhood, they are below average, at 5.9%. This is a great indicator of a strong economy and job market.

Now, let's talk about the lifestyle amenities in the area. This neighborhood is located in the heart of Downtown Vancouver, with easy access to public transportation, shopping, and entertainment. In fact, the closest bus station is just a 0.09 km walk away, making it easy to get around the city.

The population density in this neighborhood is high, at 34,624.2 people per square kilometer. However, the average size of families in the area is low, at 2.2 people per household. Additionally, 24.4% of families in the area have children, which is low.

The average age of the population in this neighborhood is 38.6 years old, which is below average compared to other BC cities.

Now, let's talk about the real estate context. The average value of dwellings in this neighborhood is $705,201, which is high compared to other areas in British Columbia. Additionally, the average owner payments are high, at $1,746 per month. Tenants are also paying high rents, at $1,369 per month.

Finally, let's talk about the language spoken in the area. English and French are the most common languages spoken, with 12% of the population speaking both languages. However, 86% of the population speaks only English, which is below average. Additionally, 0.2% of the population speaks only French, which is below average.

In terms of transportation, 26% of the population in this neighborhood uses public transportation, which is high. Additionally, 27.2% of the population uses cars, which is low. 3.2% of the population uses bicycles, which is high, and 41