603 501 Pacific St, Vancouver, BC, MLS^® R3058173

Welcome to 603 501 Pacific Street in the heart of Vancouver, BC. As a seasoned realtor, I'm excited to share with you the details about this fantastic neighbourhood, highlighted by the MLS listing R3058173.

Located in the Downtown VW area, this property is serviced by the highly-rated Elsie Roy Elementary School, with a rating of 6.1/10, just 0.42 km away. Families love this area because of the excellent education system and the proximity to top-notch schools. King George Secondary School, rated No Rating, is also nearby, at 1.86 km distance.

Just down the road, you'll find several excellent independent schools, including the highly-regarded Anchor Point Montessori (No Rating) at 0.39 km, and Pattison School (No Rating) at 0.76 km. These schools offer a range of educational options for families, making this a fantastic area to raise children.

Now, let's talk about safety. According to the latest crime statistics from 2020, this neighbourhood experiences an Average crime rate compared to other Canadian cities. With a total of 52,217 disturbances reported, you can feel secure knowing that the community is well-policed. Furthermore, the drug crime rate is Average, with a rating of 229.49, and the property crime rate is Above Average, with a rating of 5,020.27. However, it's worth noting that the violent crime rate is Below Average, with a rating of 1,311.69.

When it comes to daily commutes, this area is well-connected. The Westbound Pacific St @ Richards St bus station is just 0.07 km away from the listing, making it easy to get around the city.

As we explore the demographics of this neighbourhood, we see that 47% of the population holds a university certificate or degree, which is High compared to other BC neighbourhoods. Additionally, the median household income 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 in comparison.

Unemployment rates are also relatively low, at 5.9%, which is Below Average compared to other province neighbourhoods. Population growth between 2011 and 2016 was 40.2%, which is High compared to average growth rates in this region.

This area is also known for its high population density, with 34,624.2 people per square kilometre. Family sizes are relatively small, with an average of 2.2 people per household, which is Low compared to the whole region.

The average age of the population is 38.6, which is Below Average compared to other BC cities. The average value of dwellings in this neighbourhood is $705,201, which is High compared to other areas in British Columbia.

In terms of housing costs, owners are paying an average of $1,746 per month for their dwellings, which is High compared to other cities. Tenants are paying $1,369 per month, which is also High. Interestingly, 65.6% of the population in this area are renters, which is High compared to other BC cities and areas.

Language-wise, 12% of the population speaks both English and French, which is Above Average. However, 86% of the population speaks only English, which is Below Average. Only 0.2% of the population speaks only French, which is Below Average.

Finally, let's talk about transportation. 26% of the population uses public transport, which is High. 27.2% use cars, which is Low. 3.2% use bicycles, which is High, and 41.7% walk, which is also High.

In conclusion, 603 501 Pacific Street in Vancouver, BC, is a fantastic neighbourhood with a range of excellent schools, a safe community, and easy access to public transport. With its high population density, small family sizes, and above-average median personal income, this area is an attractive option for families and individuals alike. If you're looking for a place to call home, I highly recommend exploring this listing, MLS R3058173.