2305 485 W 42nd Ave, Vancouver, BC, MLS^® R3045038

Welcome to the vibrant Oakridge VW community, where you'll find the perfect blend of urban convenience and natural beauty. I'm excited to introduce you to this fantastic property located at 2305 485 W 42nd Avenue, Vancouver, BC, listed as MLS^® R3045038.

Let's start with the educational institutions that serve this area. The property is just a 0.7 km stone's throw away from Sir Wm Van Horne Elementary School, which boasts a rating of 6.2/10. This school is a great choice for families, offering a solid foundation for young minds. Just down the road, you'll find Vancouver College, an independent elementary school with a rating of 10/10, located 1.5 km from this home. For secondary education, King David High School, an independent secondary school with no rating, is conveniently located just 0.55 km away.

Now, let's talk about safety. According to the latest crime statistics from Statistics Canada (2020), this neighbourhood has an average crime rate, with 7,470.82 incidents per 100,000 population. While this may seem high, it's essential to note that this rate is actually below the national average. The year-over-year change in the total crime rate is a remarkable -14.94%, indicating a downward trend. When it comes to specific types of crime, the property crime rate is above average, with 5,020.27 incidents per 100,000 population. However, the violent crime rate is below average, with 1,311.69 incidents per 100,000 population, making this area a relatively safe place to live.

Now, let's explore the demographics of this thriving community. With 38.9% of residents holding a university certificate or degree, this neighbourhood stands out as one of the most educated areas in British Columbia. In contrast, 14.1% of the population has no certificate or degree, which is below the average for the province. The median household income in this area is $71,851, which is average compared to other neighbourhoods in BC. However, the median personal income is $28,651, which is below average. Notably, 47% of households in this area have a mortgage, which is relatively low.

Unemployment rates are also a positive indicator, with a low rate of 4.6% in this area. This is a testament to the strong job market and economic stability in the region. The population growth rate between 2011 and 2016 was 4.2%, which is above average for this region. With a population density of 5,251.5 people per square kilometre, this area is relatively densely populated. However, the average family size is 3.2, which is above average for the region.

In terms of lifestyle, this community offers a unique blend of urban convenience and natural beauty. With a short walk to the nearby Oakridge-41st Avenue SkyTrain station, you'll have easy access to downtown Vancouver and other major attractions. The area is also home to several parks, including Oakridge Park and Fraser Park, which offer plenty of opportunities for outdoor recreation. For foodies, there are numerous restaurants, cafes, and grocery stores nearby, including the popular Oakridge Centre shopping mall.

As for real estate, the average dwelling value in this neighbourhood is $1,890,078, which is high compared to other areas in British Columbia. However, the average owner payments are also high, with owners spending an average of $1,811 per month on their properties. Tenants, on the other hand, pay an average of $1,194 per month, which is above average for the region.

In conclusion, this property at 2305 485 W 42nd Avenue, Vancouver, BC, listed as MLS^® R3045038, offers a unique blend of education, safety, and lifestyle. With its proximity to top-rated schools, low crime rates, and thriving community, this property is an excellent choice for families and individuals looking for a comfortable and convenient place to call home.