Garden City Real Estate has become increasingly popular amongst investors due to its prime location, vibrant atmosphere and exceptional value proposition – all of which combine to make it one of the most sought after areas in Richmond BC Canada today. By examining each element closely, readers will gain insight into what makes this neighbourhood ideal for those looking for a place to call home or invest capital in order to achieve tangible results over time – making this article essential reading for anyone interested in learning more about Garden City Real Estate’s true potential.
Overview Of Garden City
Garden City is a neighbourhood in Richmond, British Columbia, Canada. It is located north of Highway 91 and is east of No. 6 Road. Garden City is a popular place for families to live due to its convenient access to all the amenities that Richmond has to offer.
Garden City is a vibrant, diverse community located in Richmond, BC Canada. It has become one of the most sought-after areas for both homeowners and investors alike due to its close proximity to downtown Vancouver and its many amenities. Garden City offers an array of residential properties ranging from single family homes to townhouses and condominiums. The area also features several parks, schools, shopping centers, restaurants, and entertainment venues.
The Garden City real estate market has seen significant growth over the past few years with prices continuing to rise as demand increases. In addition to this trend, there are numerous opportunities for investment within the area’s housing market. With competitively priced properties available in all price ranges, it’s easy to find something that fits your budget and lifestyle needs.
Neighborhoods in Garden City vary greatly in character but all offer unique advantages such as access to public transit routes.. Whether you’re looking for a quiet place to call home or an opportunity for rental income potential, Garden City provides plenty of options when it comes to finding just the right property.
Walk Score
Garden City has a Walk Score of 33, which means it is somewhat walkable, although you may need to rely on public transportation for some of your errands.
Transit Score
Garden City has a Transit Score of 38, which means that it is somewhat transit-accessible.
Average home price in Garden City, Richmond, BC?
For 2023, the average home listing price in the Garden City neighbourhood in Richmond is $2,556,310, which is 43% higher than the average home price in Richmond.
Nearby neighbourhoods
For 2023, the neighbourhoods closest to Garden City are Riverdale Ri, Steveston South, Seafair, and Mclennan North. Out of the local areas, Seafair has the highest average home price at $2,985,560, and Mclennan North has the most economical average home price at $1,191,800.
Garden City is bordered by Bridgeport to the south, Hamilton to the east, and Garden City Road to the north. It is a close-knit community, with a variety of shops, restaurants, and parks nearby. It is also close to the Vancouver International Airport, the Richmond Night Market, and the River Rock Casino.
Renting vs Buying real estate in Garden City?
For 2023, in Garden City, Richmond, BC, only 10.5% of people rent their homes, while the majority of 89.5% own their homes. The median monthly mortgage in Garden City is $4,214 per month, and the median monthly rental price is $4,040 per month.
How fast are homes selling in Garden City?
For 2023, the trend of Garden City real estate indicates that 44.4% of houses are sold within 10 days from the date of listing and 22.2% of them are sold for a price higher than the asking price, which is higher than the city’s average in Richmond.
Ranking among other Richmond neighbourhoods?
For 2023, Garden City in Richmond ranks seventeenth out of thirty neighbourhoods, according to MLS© data. This ranking is determined by sold home data in the area, such as the speed of home sales and the asking prices.
Frequently Asked Questions
What Is The Average Rental Rate For A Property In The Garden City Area?
When considering rental rates for properties, it’s important to understand the average rate of a particular area. In Richmond BC Canada, the garden city area is no exception. With an ever-changing real estate market, understanding what the average rental rate is in this region can be beneficial when making decisions related to property investment.
Statistics show that since 2018, the average rental rate in the Garden City area has increased by 4%. This number may not seem significant on its own but when looking at long term trends it could have implications for future investments. For 2023, research suggests that the average rent for a 1-bedroom apartment in Richmond, BC is $2,403 per month – significantly higher than other areas within Richmond BC Canada.
It’s clear from these figures that rentals continue to remain popular within this area and landlords should expect high demand for their properties throughout 2021 and beyond. Furthermore, with increasing prices comes more opportunity for those seeking to invest in local real estate markets. Therefore, investors should consider both current and predicted rental rates before deciding whether or not to purchase a property here.
As such, it’s essential to review all available data regarding rental rates prior to investing in a specific property. Taking into account factors like location, amenities and costs associated with renting will also help make informed decisions about potential investments which could yield good returns over time.
What are Elementary Schools & Secondary Schools Nearby the Area?
Garden City is served by the Richmond School District. There are several elementary schools nearby, such as
-Garden City Elementary School
-William Bridge Elementary School
-R C Palmer Secondary School
-Hugh McRoberts Secondary School
What Is The Crime Rate In The Garden City Area?
When making an important decision such as purchasing real estate, it is essential to understand the safety and security of the area. One key element to consider when assessing any region is its crime rate; this article will analyze the crime rate in Garden City.
In order to gain a better understanding of the safety and security of Garden City, one must review statistical data on crimes that have occurred in the area. According to recent statistics from the local police department, there were only six reported incidents of criminal activity within Garden City in 2020. Of these cases, four involved property theft and two were assaults. Although this number seems low compared to other areas nearby, it does not reveal how safe or secure people feel living in Garden City.
To determine whether residents feel safe in their neighborhood, surveys can be conducted with those who live in Garden City about their perceptions of safety and security. Results may show that although few reported incidents occur each year, individuals still do not feel completely at ease due to past experiences or fear for future occurrences. This could indicate that while crime rates are relatively low statistically speaking, more must be done by law enforcement and community members alike in order to foster greater feelings of safety throughout Garden City neighborhoods.
It is clear then that while information on specific instances of crime gives insight into what has happened historically within a given location, understanding how people perceive their own level of personal security requires further exploration through survey-based methods. By taking both approaches into consideration when assessing potential real estate purchases, buyers can make informed decisions regarding where they would like to call home.
Are There Any Public Transportation Options Available In The Garden City Area?
Garden City is well-connected to the rest of Richmond, Vancouver, and beyond. It is close to Highway 91, which connects to Highway 99 and the Trans-Canada Highway. There are also two SkyTrain stations nearby: Bridgeport and Aberdeen. There is also an abundance of public transportation options, including buses, ferries, and shuttle services.
As urbanization and gentrification take hold, the need for public transportation in cities is growing. In today’s modern world, having access to reliable local transit options is becoming increasingly important. The current H2 asks if there are any such options available in the Garden City area of Richmond BC Canada.
When it comes to public transportation around Garden City, locals can rely on a variety of services offered by TransLink. From bus stops throughout the area to SkyTrain stations that connect riders with Metro Vancouver, this region has plenty of accessible routes for travelers both within and outside of Richmond BC. Additionally, residents have access to an extensive network of bike paths that run through the city and beyond.
Though not as far reaching as other parts of Metro Vancouver or British Columbia at large, these modes of transport provide ample opportunities for those living in Garden City to get where they’re going without needing their own vehicle – making it easier than ever before for them to explore what this dynamic corner of Canada has to offer. With numerous options like shuttles, ferries, and more just a few clicks away; commuting here has become hassle-free. Plus, thanks to its close proximity to Downtown Vancouver, getting from point A to B is simpler than ever!
Public transportation in Garden City offers convenience and reliability that make life easier for locals looking to enjoy all that this vibrant residential area has to offer – whether heading downtown or simply exploring the neighbourhood itself. As such, it’s no wonder why so many people choose this part of Richmond BC when searching for real estate properties in the great Canadian landscape.
Are There Any Local Amenities Such As Parks Or Shopping Centers Near Garden City?
Garden City is home to a number of parks and green spaces, such as Garden City Park, Garden City Community Park, and East Garden City Park. It is also close to the Richmond Nature Park, which provides a great opportunity to explore nature and wildlife.
Aside from Garden City Community Park, Richmond is home to a variety of other parks, such as Garry Point Park, Minoru Park, Iona Beach Regional Park, and the Terra Nova Adventure Play Environment.
The city of Richmond offers many different types of recreational activities for its residents. The city has numerous green spaces available including Minoru Park, Garry Point Park, Terra Nova Rural Park and West Dyke Trail. There are also a number of walking trails located around the city which provides ample opportunity for outdoor exploration and exercise. In addition to this, there are several playgrounds scattered throughout various neighborhoods in the area.
When it comes to shopping opportunities near Garden City Real Estate, Richmond BC Canada, there is no shortage of options available. Just a brief drive away from Garden City is Aberdeen Centre, a large mall featuring more than 200 stores and services ranging from fashion outlets to health care clinics. Additionally, Yaohan Centre is another convenient option with over 100 stores offering products from all around Asia such as groceries, clothing items and electronics. Moreover, shoppers can find various specialty shops along No 3 Road between Cambie Road and Blundell Road where locally owned markets provide unique goods not found elsewhere in the region.
For those looking for local amenities such as parks or shopping centers near Garden City Real Estate, Richmond BC Canada offers plenty of options both within close proximity and further out into surrounding areas. With plentiful recreation activities available and diverse retail offerings nearby, individuals who purchase property here should be able to easily enjoy their time spent at home while also taking advantage of what this vibrant community has to offer outside their front door.
Buy And Sell With Us!
The Garden City neighbourhood of Richmond, BC is an excellent place to buy real estate. Home prices in the area are comparable to other parts of the city and rental rates are also attractive. The crime rate in this area is low compared to other areas making it a desirable location for families and those looking for safety. There are public transportation options available such as buses which run frequently throughout the day providing easy access points into different parts of the city.
Garden City has all sorts of local amenities that make living there even more enjoyable. Parks and shopping centres can be found nearby offering plenty of places to explore on days off or during leisurely strolls. All these factors have made Garden City one of the most sought after neighbourhoods in Richmond, BC Canada. It’s no wonder why people flock to the area – it offers a great quality of life at reasonable prices!
To sum up, Garden City Real Estate in Richmond BC offers something special that buyers will want to take advantage of – its affordability combined with convenient amenities makes this neighbourhood a “hidden gem” amongst potential homebuyers. With its relatively lower crime rates and proximity to parks, shopping centers and public transit hubs, this neighbourhood is well worth considering when deciding where to invest your money!
