14.9% price reduction

8038 Cloverlake Court, Burnaby, BC

$3,088,000
Est. Mortgage /mo

MLS® R3014172

5 Beds
6 Baths
5699 sqft
542 $ /sqft
1996 Built
$3,088,000
$3,628,000
Est. /mo with 20% down
$542/sqft · Tax $11,677/2024
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

14.9% price reduction

Sitting on a 17,000 ft lot in the prestigious Government Road neighborhood, this custom built home is not to be missed. It features 3 car attached garage with gated driveway, grand foyer with spiral staircase, floor radiant heating system and air conditioning. The main floor comes with a huge family room, open kitchen + island, wok kitchen, separate breakfast area, spacious living and dining room to entertain your guests, extra high ceiling, an elegant home office and a spacious bedroom with ensuite. Upstairs are 4 huge bedrooms, two ensuites and a Jack and Jill bathroom. Basement is equipped with a 17' X 17' home theatre, a sauna room and a full bathroom. The garden is fenced and levelled. Easy access to Costco, Lougheed mall, skytrain stations, Simon Fraser University, Hwy 1 and 7.

General Info

Price $3,088,000
Total Bedrooms 5
Total Bathrooms 5
Half Bathrooms 1
Floor Area Total (sqft) 5699
Lot Size 17470
Lot Size Depth Feet
Lot Size Frontage 0
Basement Finished
Basement Features -

Property Metrics

Year Built 1996
Age Of Building 30
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3014172
Building Name -
Area Burnaby North
Neighbourhood Government Road
City Burnaby
Postal Code V5A 3R8
Price per Sqft $542
Gross Taxes $11,677.16
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace 2
Heating Type Hot Water, Radiant
Cooling Air Conditioning

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, Front Access, Paver Block
Total Parking Spaces 6
Listed by: Royal Pacific Realty (Kingsway) 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
1.57 km
Elementary
École Seaforth Elementary
Above Average
0.53 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
John Knox Christian School
2.58 km
Secondary
Carver Christian High School
2.64 km

Closest Transit

Bus Stop
Eastbound Government Rd @ 8000 Block
0.25 km
Skytrain
Skytrain @ Lake City Way Stn
0.90 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 $973
Maintenance fee 0
A 20% down payment of $617,600 on this $3,088,000 listing yields an estimated mortgage of $11,794/month (30-year fixed, 4%). Total estimated housing cost: $12,767/month, $973 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%
With $8,373/month in estimated rental income against $12,992/month in mortgage payments, the monthly cashflow is -$4,619/month. A 52% down payment would reach break-even.
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 $3,088,000
Burnaby Loading...
Government Road Loading...
This listing has no active comparable properties in Burnaby at present. The price evaluation chart will update as similar listings become available. This property is flagged as a Hot Deal (14.9% 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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