402 8238 Lord St, Vancouver, BC, MLS^® R2978773

Welcome to this stunning property located at 402 8238 Lord Street in Vancouver, BC, listed with MLS^® R2978773. As we explore this beautiful home, I'd like to share with you the unique characteristics of the surrounding neighborhood.

Education:

Just down the road from this property, you'll find Sir Wilfrid Laurier Elementary School, which is a highly-rated institution with a 7.5/10 rating. The school is conveniently located just 1.09 km from 402 8238 Lord Street, making it an ideal choice for families. Additionally, Sir Winston Churchill Secondary School is also nearby, with a rating of No Rating, and is approximately 1.26 km from the property.

Safety and Crime Rates:

The statistics in this neighborhood are quite impressive. According to the 2020 crime data from Statistics Canada, the overall crime rate near 402 8238 Lord Street, Vancouver, BC is 7,470.82, which is considered Average compared to other Canadian cities. The rate is calculated as the amount of incidents per 100,000 population. Furthermore, the year-by-year change in the total crime rate is -14.94%, indicating a downward trend.

Breaking down the crime rates, we see that the drug crime rate is Average, with a rating of 229.49, and there were 1,604 illegal substances lawbreaking disturbances in the area in 2020. The year-by-year change in the illegal substances offences ranking is 1.58%. Property crimes in the neighborhood are slightly Above Average, with a rating of 5,020.27, and there were 35,089 incidents in 2020. The year-by-year change in the property misconduct rate is -20.80%. Lastly, the violent crime rate is Below Average, with a rating of 1,311.69, and there were 9,168 violent lawbreaking disorders in 2020.

Lifestyle Amenities:

Just a short distance from 402 8238 Lord Street, you'll find the Marine Drive Station @ Bay 1, which is conveniently located 0.15 km away from this listing with MLS^® R2978773.

Demographics:

The neighborhood surrounding 402 8238 Lord Street is a vibrant and diverse community. According to the data, 36.6% of the population holds a university certificate or degree, which is High compared to other BC neighborhoods. Conversely, 13.5% of the population in this area has no certificate or degree, which is Below Average compared to the average in BC.

In terms of income, the median household income near this dwelling is $66,125, which is Average compared to the British Columbia average. The median personal income is $24,722, which is Low compared to the BC average. Interestingly, 42.1% of households in this census subdivision are owner-occupied, which is Low.

Unemployment and Growth:

The unemployment rate in the area surrounding this real estate listing is 5.8%, which is Below Average compared to other province neighborhoods.

The population change between 2011 and 2016 in the community surrounding 402 8238 Lord Street was -3.8%, which is Low compared to average growth rates in the region.

Transportation:

The neighborhood surrounding 402 8238 Lord Street is well-connected to the city. According to the data, 33.3% of the population uses Public Transport, which is High. Conversely, 60% of the population uses Cars, which is Low. 1.9% of people use Bicycles, which is Above Average, and 3.4% of the population walks, which is Average.

Real Estate Context:

The average value of dwellings in this neighborhood is $1,969,471, which is High compared to other areas in British Columbia. The average owner payments are High, with owners spending an average of $1,719 per month. Tenants, on the other hand, are paying an average of $1,226 per month, which is Above Average compared to other cities. Notably, 39.5% of the population in this district are renters, which is Above Average compared to other BC cities and areas.

As we conclude our tour of this beautiful property, I hope you've gained a better understanding of the unique characteristics of the surrounding neighborhood. If you're interested in learning more about this property or would like to schedule a viewing, please don't hesitate to contact me.