803 5593 No. 3 Rd, Richmond, BC, MLS^® R3068949

Welcome to 803 5593 No. 3 Road, a charming community in Richmond, BC

As we walk through the vibrant streets of No. 3 Road, you'll notice the warmth and diversity of the neighborhood. Let's start with the schools that serve this community, including Samuel Brighouse Elementary School, which is just a 1.35 km walk away from the property with MLS^® R3068949. This school has a rating of 6.5/10, making it a great option for families who prioritize education.

Just down the road, you'll find Richmond Secondary School, which is also within walking distance at 1.54 km. While it doesn't have a rating, it's a great option for students who want to stay local.

In addition to these public schools, there are also several independent schools in the area, such as Pythagoras Academy, which is just 1.04 km away and has a rating of No Rating. For secondary education, City Vancouver Academy is another option, located 1.26 km away with a rating of No Rating.

Safety and Crime Rates

Now, let's talk about safety. According to Statistics Canada's 2020 report, the neighborhood surrounding 803 5593 No. 3 Road has an overall crime rate of 7,826.57, which is Average compared to other Canadian cities. While there were 16,909 incidents reported in 2020, the year-over-year change in the total crime rate is a positive -3.39%.

Breaking down the crime rates, we see that drug crime is a concern, with a High rating of 2,081.96 and 4,498 related incidents in 2020. However, the year-over-year change in the illegal substances offences ranking is a significant 19.46%. On the other hand, property crimes in the neighborhood are Average, with a rating of 3,238.66 and 6,997 incidents in 2020. The year-over-year change in the property misconduct rate is a decrease of -14.19%.

Violent crimes are also a concern, but the rate of 919.25 is Low compared to other BC municipalities. The year-over-year change in the violent crime rate is a mere 0.06%.

Demographics and Lifestyle

Now, let's dive into the demographics of the neighborhood. With 33.8% of residents holding a university certificate or degree, this community has a High level of education compared to other BC neighborhoods. On the other hand, 13% of the population has no certificate or degree, which is Below Average compared to the average in BC.

The median household income in the area is $36,759, which is Low compared to the British Columbia average. The median personal income is also Low, at $18,514. However, 55% of households in the neighborhood have a mortgage, which is Below Average.

Unemployment rates in the area are Average, at 8.8%.

Community and Growth

This neighborhood is experiencing High growth, with a population change of 37.3% between 2011 and 2016. The population density per square kilometer is High, at 4,066.2.

Families in the area tend to be smaller, with an average size of 2.6 people. However, 54.5% of families have children, which is Below Average. Married or living common-law couples make up 55.7% of the population, also Below Average.

The average age of the population is 42.9 years, which is Above Average compared to other BC cities.

Real Estate and Transportation

The average value of dwellings in the neighborhood is High, at $711,643. Owner payments are also Above Average, at $1,392 per month. However, tenants are paying $1,363 per month, which is High compared to other cities.

43.9% of the population in the area are renters, which is Above Average compared to other BC cities and areas.

In terms of transportation, 27.6% of the population uses public transport, which is High. However, 57.9% of the population uses cars, which is Low. 0.9% of people use bicycles, which is Average, and 13.1% of the population walk, which is High.

Summary

In summary, 803 5593 No. 3 Road is a vibrant and diverse community in Richmond, BC, with a range of schools, amenities, and transportation options. While there are some concerns around safety and crime rates, the neighborhood is experiencing High growth and has a relatively High population density. With its mix of residential and commercial properties, this community offers something for everyone.

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