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Government Road, Burnaby | Neighbourhood Profile

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Contains information licensed under the Open Government Licence - Burnaby. The maps and map data are provided "as-is" and are not legal surveys or legal descriptions. Faith Wilson Realty Group Inc. explicitly disclaims any representations and warranties as to the accuracy, timeliness, or completeness of maps and data. These maps and data are created from multiple city, provincial, federal and private sources, including Google Maps and the BCNREB, CADREB, FVREB, REBGV. The source data may contain errors. Information regarding school boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school or school system.

Nestled between Burnaby Lake and Burnaby Mountain, the enviable Government Road neighbourhood is centrally located with Lougheed Highway to the north, Gaglardi Way in the east, Burnaby Lake to the south and Kensington Avenue through Burnaby Lake Park in the west. The most common type of housing you’ll find in the Government Road neighbourhood in the single family home, many on substantial size lots with detailed landscaping. There is a small selection of duplexes and townhouses in Government Road. Over 90 percent of the homes in this central Burnaby neighbourhood are owner occupied. Proving the desirability of this Burnaby enclave, singer Michael Bublé is building a mansion style abode on Government Road complete with swimming pool, tennis court and indoor ice rink.


…shops, services & restaurants of Lougheed Town Centre only a few minutes away

For decades residents of Government Road have enjoyed the shops, services & restaurants of Lougheed Town Centre only a few minutes away. Soon Lougheed will transform to one of the largest shopping destinations in Greater Vancouver, with a magnificent 320 metre long covered outdoor, pedestrian-only galleria. There is a number of big box stores in the Government Road neighbourhood including Costco and Staples. Shopping at Brentwood Town Centre is also a quick drive away along Lougheed Highway. In addition, nearby Burnaby Mountain has Horizons Restaurant, famous for its regional cuisine and stunning views of the city.

Seaforth Elementary on Government Road with grades K to 7 is recognized for its French Immersion Program. For high school students, nearby Burnaby Mountain Secondary is just off Lougheed and Gaglardi Way. Government Road has quick access to downtown Vancouver and east/west destinations with three Skytrain Stations – Sperling, Lake City and Production Way/University. Bus service is also available linking Vancouver and Metrotown.

Government Road Video

Government Road Active Listings Summary | as of October 16, 2018

The table shown below is a current snapshot of all the active listings in Government Road, segmented by residential property types. The second column is a calculation of the current median asking price, while the third column is the summed total of all active listings for the related property type. Please note that this table is updated every 24 hours.

Quick Tip: Gain instant access to all of the related listings by selecting a row in the table and pushing the button below.

Government Road MLS® HPI Benchmark Prices | September, 2018

Current Benchmark Price (1 Storey Detached):
$1,506,900

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 1 Storey Detached home in Government Road.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (1 Storey Detached)

Current Benchmark Price (2 Storey Detached):
$1,948,100

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 2 Storey Detached home in Government Road.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (2 Storey Detached)

Current Benchmark Price (Apartment):
$530,600

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Apartment home in Government Road.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (Apartment)

Current Benchmark Price (Single Family Detached):
$1,801,500

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Single Family Detached home in Government Road.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (Single Family Detached)

Current Benchmark Price (Townhouse):
$884,400

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Townhouse home in Government Road.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (Townhouse)

 

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