8038 Cloverlake Court, Burnaby, V5A 3R8 — photo 1

$3,088,000

8038 Cloverlake Court, Burnaby, V5A 3R8
Active
5 Bedrooms 6 Bathrooms 5,699 sqft Built 1996 Residential

About This Property

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.

NoneHot Tub / SpaFireplace

Property Details

MLS #

R3014172

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

R-1

Bedrooms

5

Full Baths

5

Half Baths

1

Kitchens

2

Fireplaces

2

Living Area

5,699 sqft

Main Floor

2,712 sqft

Above Main

2,400 sqft

Basement

587 sqft fin.

Lot Size

17,470 sqft

Lot Dimensions

0 x 0.0

Frontage

0

Year Built

1996

Age

30 years

Roof

Concrete

Construction

Frame Wood, Brick (Exterior), Stucco

Structure

Residential Detached

Parking Stalls

6

Garage Spaces

3

Parking Type

Garage Triple, Front Access, Paver Block

Original Price

$3,628,000

Taxes

$11,677.16/yr

Listed

2025-06-06

MLS Area

Government Road

City

Burnaby

Postal Code

V5A 3R8

Features & Finishes

Heating

Hot Water · Radiant

Cooling / A/C

Air Conditioning

Flooring

Hardwood · Tile · Wall/Wall/Mixed · Carpet

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Fireplace

Gas

Security

Security System

Patio / Porch

Patio · Deck

Windows

Window Coverings

Exterior Features

Private Yard

Building & Community

Transit

3 BLOCK

Schools

3 BLOCK

Lot Features

Central Location, Cul-De-Sac

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Coordinates: 49.248557, -122.930593 · Map data © Google

9.3

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market31% below market $/sqft
Days on market332 days — significantly stale, strong negotiation position
Price historyPrice dropped 15% from original ask — seller showing motivation
Market conditionsMarket avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$2,930,484

5.1% below asking price

Negotiation Range

$2,853,284$2,976,804

$123,520 spread

$2,853,284$3,088,000 ask

Based on 35 recent sales, a starting offer around $2,930,484 (5.1% below ask) is reasonable. Your negotiation range is $2,853,284 – $2,976,804.

What's factored in

Market baseline35 recent Burnaby sales closed at median 97.3% of list price
Price already reducedSeller dropped from 15% off original ask — indicates motivation
Extended market time332 days listed — well above market avg of 148 days, increased negotiation leverage
Above-average DOM332d vs market avg of 148d — property may have a pricing or condition issue

Based on 35 residential sales in Burnaby (last 60 days) · Updated May 4

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