7.5% price reduction

7483 Government Rd, Burnaby, BC

$3,499,000
Est. Mortgage /mo

MLS® R3024784

6 Beds
6 Baths
6020 sqft
581 $ /sqft
1995 Built
$3,499,000
$3,782,000
Est. /mo with 20% down
$581/sqft · Tax $12,886/2024
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Property Details & Specs

7.5% price reduction

Architecturally Impressive Craftsman-Style Home on Prestigious Government Road. This Italian-built home offers timeless design, exceptional quality & luxurious comfort. A huge lot. 6 bed 6 bath residence has been impeccably maintained & showcases top-tier construction & custom finishes. Impressive soaring 18' ceilings in the grand foyer. The expansive open-concept layout features a large chef's kitchen with granite counters, a massive island & a spice kitchen, perfect for entertaining. Bright eating area & spacious family room. Large office as well. Upstairs are 4 bdrms, 3 w/i closets & 3 ensuites. 2 bdrm suite & a bachelor suite, great rental income. Triple garage. Tons of parking. Patios & balconies. Walk to elementary school & close to High School & SFU.

General Info

Price $3,499,000
Total Bedrooms 6
Total Bathrooms 5
Half Bathrooms 1
Floor Area Total (sqft) 6020
Lot Size 9800
Lot Size Depth Feet
Lot Size Frontage 66
Basement Finished
Basement Features -

Property Metrics

Year Built 1995
Age Of Building 31
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Dishwasher, Refrigerator, Oven, Range Top
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3024784
Building Name -
Area Burnaby North
Neighbourhood Government Road
City Burnaby
Postal Code V5A 2C5
Price per Sqft $581
Gross Taxes $12,885.83
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 2
Heating Type Radiant

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Triple, RV Access/Parking, Front Access, Garage Door Opener
Total Parking Spaces -
Listed by: One Percent Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood & Transit Info

Public Schools

Secondary
Burnaby Mountain Secondary School
2.56 km
Elementary
École Seaforth Elementary
Above Average
0.75 km
7.7/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Burnaby Montessori School
2.16 km
Elementary, Secondary
Deer Lake School
2.91 km

Closest Transit

Bus Stop
Westbound Government Rd @ 7500 Block
0.11 km
Skytrain
Skytrain @ Lake City Way Stn
0.69 km

Crime Rate

Total Crime Rate
Below Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Above Average
39.6%
No Certificate/Degree
Below Average
9.9%
Owner Occupied
Below Average
46.4%
Employment Rate
Average
63.5%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $1,074
Maintenance fee 0
Financing 80% of the $3,499,000 asking price over 30 years at 4% results in approximately $14,438/month in total estimated carrying costs, $1,074 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $10,528/month in rental income, leaving a -$4,165/month cashflow at current carrying costs. Investors targeting break-even would need roughly 45% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $3,499,000
Burnaby Loading...
Government Road Loading...
There are currently no comparable Single Family Residences active in Government Road. The Burnaby-wide average for similar 6-bedroom properties is $3,032,667 (2 listings). This home is priced 15.4% above that benchmark. This property is flagged as a Hot Deal (7.5% price reduction) based on its competitive pricing and market demand.
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Property FAQs

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Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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