9.2% price reduction, 202.93% cheaper than comparables
Centrally located close to shopping and recreation this vacant 10,750+ sq.ft lot offers a unique opportunity to investor and families. Located within the Urban Neighbourhood Community Plan, the assembly may allow for up to 15 units per acre (buyer to verify with the City of Surrey). The neighbouring property (13075 Old Yale Road) is also for sale and would increase the development site to approximately 18,316 sq.ft.
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Property History
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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 13069 Old Yale Road, a beautiful property in the heart of Surrey, BC. As your trusted realtor, I'm excited to take you on a tour of this fantastic community.
Education
Imagine your children thriving in a nurturing environment, surrounded by excellent educational institutions. This home is serviced by Old Yale Road Elementary School, a highly-rated school with a 4.9/10 rating, located just a 0.3 km walk away. Additionally, your kids will have access to Kwantlen Park Secondary School, a 0.44 km drive, with a rating of No Rating. For those seeking independent education, Khalsa School (Surrey) is the closest elementary school, with a No Rating, just 1.54 km from this home. For secondary education, Khalsa School (Surrey) is again the closest option, also with a No Rating, and a 1.54 km drive away.
Safety and Security
When it comes to safety, you'll want to know that your family is protected in a neighborhood with a low crime rate. According to Statistics Canada's 2020 report, this neighborhood has an average crime rate of 7,512.73 incidents per 100,000 population, which is comparable to other Canadian cities. The year-over-year change in the total crime rate is -12.05%, indicating a downward trend. While there were 44,976 disturbances in this neighborhood in 2020, the overall rate is considered average. For those concerned about property crimes, the rating adjacent to MLS® R3063072 is 3,746.17, with 22,427 incidents in 2020. The year-over-year change in the property misconduct rate is -16.98%, another positive trend. Violent crimes are below average in this municipality, with 1,310.25 incidents per 100,000 population in 2020, a -11.37% year-over-year change.
Lifestyle and Amenities
This property is conveniently located near Northbound 132 St @ Old Yale Rd, a bus station just 0.26 km away, making it easy to get around without a car. When it comes to lifestyle, this neighborhood offers a mix of urban and suburban living. You'll find nearby parks, beaches, trails, and dog parks, perfect for outdoor enthusiasts. Shopping malls, grocery stores, restaurants, and coffee shops are also within walking distance, providing a convenient and enjoyable lifestyle.
Real Estate Context
The average dwelling value in this neighborhood is $760,554, which is higher than other areas in British Columbia. For those looking to own a home, the average owner payments are high, with $1,671 spent on average for dwellings. Tenants, on the other hand, pay an average of $1,015 per month, which is average compared to other cities. Interestingly, 41% of the population in this district are renters, which is above average compared to other BC cities and areas.
Demographics and Transportation
This neighborhood is home to a diverse population, with 15.7% of residents having a university certificate or degree, which is average compared to other BC neighborhoods. However, 24.3% of the population have no certificate or degree, which is above average. The median household income is $67,180, which is average compared to the British Columbia average. Unemployment rates are low in this area, at 5.6%, which is lower than other province neighborhoods.
Community and Growth
This community has experienced above-average growth, with a 4.5% population change between 2011 and 2016. The population density per square kilometer is 4,259.4, which is high compared to other areas. Interestingly, the average size of families in this area is 3.2, which is high compared to the whole region. The percentage of families with children is 74%, which is also high. The average age of the population is 37.4, which is low compared to other BC cities.
Conclusion
As you can see, 13069 Old Yale Road, Surrey, BC, MLS® R3063072, is a wonderful property in a fantastic community. With its excellent educational institutions, low crime rate, and convenient lifestyle amenities, this home offers a perfect blend of urban and suburban living. Whether you're a family or an individual, this property is sure to meet your needs and provide a comfortable and enjoyable lifestyle.
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