- Easy Parking
- Short Drive to Nearest Highway
- Few Bike Lanes and Many Hills
Amenities
Living in Government Road, you don’t have to go too far for primary schools – most houses are within walking distance. Unfortunately, there’s no high school in this area. However, if you need groceries, a supermarket is just a short walk away, and there are some nearby restaurants as well, although the choices may be limited.
Here’s a list of things to consider when looking for a house in Government Road:
- Primary schools are within walking distance
- There are no high schools in the area
- Supermarkets are reachable with a short walk
- Restaurants may be limited in number
Characteristics
For those looking to buy a house in a slower-paced neighbourhood, Government Road is the ideal choice. Residents can easily access parks nearby and enjoy some fresh air. The area is quiet with low levels of traffic noise, creating a peaceful atmosphere. Here’s why you should consider moving here:
- Quiet, low traffic noise
- Slower-paced ambience
- Easy access to parks
- Peaceful atmosphere
Average Home Prices
Burnaby BC homebuyers like Government Road. Its proximity to downtown Vancouver, parks, and recreational facilities make it a popular place to live.
In 2023 avehrage home costs $3,284,480 CAD.
Government Road homes are Burnaby’s priciest. One of the city’s most expensive neighbourhoods, the median house price is over $2 million. Despite their high entry cost, these homes offer great value due to their convenient location and high-quality construction materials used in many neighbourhood homes.
Government road housing is available at lower prices for buyers who don’t want to invest so much upfront. Condos range from $400K to $900K depending on size and features. For those seeking convenience and luxury in one package, these units often have gyms or shared pools.
Average Condo Prices
Government Road condo prices are rising in Burnaby. Government Road real estate offers luxury and budget homes. Condos range from one-bedroom to three-bedroom with city skyline views.
The average condo in Burnaby costs $615,933 CAD, but if you choose one of the many government road condos, you may get a better deal than in Surrey. However, location and size affect these prices, so do your research before signing any contracts! Government Road real estate is unbeatable for convenience and value due to its proximity to downtown Vancouver and endless amenities. Start your Burnaby BC condo search today!
Average Townhouse Prices
Townhouses on Government Road in Burnaby are great. Townhouse prices are rising but still competitive with other local markets. Over the past year, Government Road and surrounding Surrey townhouse prices have risen 8%. This is an ideal time to buy property here.
Average townhouse price is $964,950 in 2023.
From newly listed to renovated townhouses, the local market has great deals. With so many options, you can find something within your budget without sacrificing quality or amenities. With more people moving to Burnaby towns, housing demand is high, which should increase appreciation potential.
Government Road has townhouse listings for everyone, from starter homes to luxury homes. This vibrant community continues to attract new residents and businesses who will benefit from its many offerings. Now may be the best time to invest in Burnaby BC real estate! With nearby neighbourhoods’ charms and attractions, it won’t be long before these attractive features draw even more people in, making purchasing here more desirable.
Renting VS Buying Real Estate in Government Road?
Renting is much less popular than owning in Government Road, Burnaby, BC – only 36.5% of people rent while an astronomical 63.5% own their home! The median monthly mortgage here will cost you a whopping $3,500, which is absolutely outrageous compared to the more reasonable median monthly rental rate of $2,700.
Here are 4 facts about renting and owning homes in Government Road:
- 36.5% rent versus 63.5% own
- Median monthly mortgage: $3,500
- Median monthly rental price: $2,700
- Owning is way more popular than renting
How many homes are for sale in Government Road?
Are you looking for a new home in Government Road? You have plenty of options, with 14 homes currently on the market! Here’s what you can find:
- 9 detached houses
- 3 condos
- 2 townhomes
Plus, as an added bonus, there’s no need to worry about spending too much—on average, homes stay on the market for just 12 days and sell at 95.8% of their listing price. Talk about a win-win situation! So don’t delay – check out these great homes today.
How fast are homes selling in Government Road?
It’s a seller’s market in Government Road, with 50% of homes selling within 10 days and 25% even going above the asking price – that’s higher than the Burnaby average!
Nearby Neighbourhoods
Burnaby’s diverse neighbourhoods are worth exploring. Government Road residents have easy access to Burnaby Heights, Edmonds Town Centre, and Deer Lake Park. Government Road residents also have Lougheed Mall, Central Park, and Metrotown Shopping Centre nearby for shopping and entertainment.
Still more! Capitol Hill, Brentwood Park, and Still Creek Park are other Burnaby attractions. Montecito Park, minutes from Government Road, offers outdoor activities. Government Road’s rank among Burnaby neighbourhoods? Its proximity to many amenities and attractions makes it a desirable place to live.
Where Does Government Road Rank Among Other Burnaby Neighbourhoods?
Government Road is a popular Burnaby neighbourhood. It’s a vibrant and diverse community that ranks high in real estate prices and home values. The area has great schools, parks, recreation, shopping, and other amenities, making it a desirable Burnaby neighbourhood.
Government Road has high real estate prices and home values in Burnaby. According to recent data analysis, median condo prices on Government Road are almost double Surrey’s ranking in the same area, showing buyers’ interest in this area. Townhouse prices are among Burnaby’s highest at $900K. Single-family homes can easily reach 1M+ depending on their location, proving their value!
Government Road is unique in Burnaby due to its high real estate prices and quality of life. It’s no wonder so many people choose this area for a new home or investment. It’s close to amenities and has gorgeous mountain views.
Frequently Asked Questions
What Are The Public Transportation Options Near Government Road?
First, consider the types of public transportation available when searching for convenient options. Depending on your location, bus routes, SkyTrain, and train stations can be commuter options. Government Road Real Estate in Burnaby BC is convenient for public transit users.
Two nearby SkyTrains make travelling to downtown Vancouver or outlying areas easy. Government Road Real Estate has several bus stops within walking distance. This makes non-driving travel fast and easy. Train commuters can use a nearby station with daily service.
Government Road Real Estate in Burnaby BC offers many public transportation options, including bus routes, SkyTrain, and train stations. This offers convenience, saves time and money, and lets locals commute efficiently and enjoy life.
What Type Of Amenities Are Available In The Area?
Consider your lifestyle when choosing amenities. Government Road in Burnaby BC has something for everyone, from a lively cultural centre to a laid-back neighbourhood with plenty of local businesses and entertainment.
Grocery stores, coffee shops, restaurants, gyms, shopping centres, and art galleries provide urban-style options. Parks, community centres, and public libraries are nearby for outdoor enthusiasts and bookworms. Families can enjoy biking trails, jogging paths, swimming pools, and playgrounds.
If you’re looking for the best restaurants near Government Road in Burnaby, BC, here are three great options:
Famoso Neapolitan Pizzeria – an Italian restaurant that serves up authentic Neapolitan-style pizza.The Keg Steakhouse & Bar – a classic steakhouse with an extensive menu and an inviting atmosphere.Cactus Club Cafe – a contemporary Canadian eatery known for its signature dishes, such as their famous West Coast Ricotta Gnocchi.
No matter what type of cuisine you’re craving, these restaurants offer something for everyone:
- Famoso Neapolitan Pizzeria has 4.4/5 stars on Google reviews.
- The Keg Steakhouse & Bar has 4.6/5 stars on Google reviews.
- Cactus Club Cafe has 4.2/5 stars on Google reviews.
Government Road Real Estate is ideal for anyone who wants these amenities without sacrificing convenience or affordability. This area has everything from famous restaurants to peaceful parks, all within driving distance of the city centre. Government Road has everything you need, from family-friendly fun to sophisticated culture, all in one place!
Are There Any Schools Or Parks Nearby?
Amenities are crucial when moving to a new area. Are there schools or parks for education and recreation? This article addresses government road real estate in Burnaby BC.
Burnaby has several top schools near Government Road. There are public and private schools for everyone! Moscrop Secondary School, Alpha Secondary School, and Gilmore Community Elementary School are walking distance from Government Road. Central, Robert Burnaby, and Kensington parks are also nearby. These areas have biking trails, playgrounds, and sports fields.
Government road real estate residents have access to great Burnaby schools and parks for recreation and education. People want to move in because there’s so much to do nearby!
What Is The Average Cost Of Living In Government Road?
Government Road’s cost of living is no different. The neighborhood’s housing and other costs may interest prospective residents. Anyone considering moving to Government Road must know the average cost of living, including rent, groceries, transportation, utilities, insurance, and more.
- The average rent for a one bedroom apartment in Government Road is $1,543 per month.
- A two bedroom apartment costs an average of $2,199 per month.
- Prices vary depending on size and amenities within the apartment building.
- There are many rental options available, so it’s worth taking the time to shop around and compare prices.
Budgets include rent, housing prices, groceries, transportation (e.g., bus fare), utility bills (water/electricity), and insurance premiums. Of course, these items will depend on personal choice and lifestyle, but their cumulative effect makes up an important part of any resident’s monthly expenditure, which must be considered when calculating the true “cost of living” here in Government Road.
Are There Any Upcoming Developments In The Neighbourhood?
Any neighbourhood developments? Many Government Road, Burnaby BC residents are asking this. New real estate developments can help families create lasting memories due to rising living costs, public transportation, and nearby schools, parks, and businesses.
Government Road Real Estate plans are full of symbolism. Every empty lot, construction site, or other space has potential. It’s natural that everyone’s watching.
Government Road residents are excited about the future, from housing options to improved amenities and services. There’s something special about being part of something bigger than yourself. If you’re considering moving or just want to keep up with local developments, this neighbourhood has more to offer!
Buy And Sell With Us!
Government Road is a great Burnaby neighbourhood. Public transportation and nearby amenities offer something for everyone. Family-friendly parks, schools, and businesses are nearby. This neighbourhood is affordable compared to others.
Finally, new developments will position Government Road for growth. This charming neighbourhood may be perfect for your first home or a change of scenery! With its proximity to downtown Vancouver, residents can enjoy city life without sacrificing peace and quiet.
In conclusion, Government Road real estate in Burnaby offers many benefits of homeownership, plus some extras! Why not look today? You’ll love it—called it’s “The Best Coast” for a reason! 8) Experience it!
