1003 8940 University Cres, Burnaby, BC | MLS® R3049779 Property Details

Welcome to Terraces at the Peak by Intergulf. This south-facing 886sqf. 2-bed, 2-bath LOCKOFF unit with two separate entries is a perfect investment opportunity or ideal for homeowners seeking a mortgage helper. The unique layout allows the unit to be divided into two self-contained sections: one side features a 1-bedroom suite with a full kitchen, dining, and living area; the other offers a 1-bedroom suite with a mini bar fridge and sink counter. Centrally located just steps from SFU, the bus loop, elementary school, childcare, Starbucks, Nestor’s Market, shops, parks, and more. Building amenities include a large shared patio with BBQ, a state-of-the-art gym & a party room with dining & kitchen. New paint & carpet. One parking & 2 storages included. Open house on Sep. 20 & 21 from 2-4pm.

Open houses

20 Sep, 2025 (01:00 PM to 03:00 PM)

21 Sep, 2025 (01:00 PM to 03:00 PM)

General Info

Price $599,900

Total Bedrooms 2

Total Bathrooms 2

Half Bathrooms 0

Floor Area Total (sqft) 886

Lot Size -

Lot Size Depth -

Lot Size Frontage -

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 2021

Age Of Building 4

Building Type Apartment/Condo

Property Type Residential

Stories 1

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave

Building Amenities Bike Room, Clubhouse, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Taxes, Geothermal

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS # R3049779

Area Burnaby North

Neighbourhood Simon Fraser Univer.

City Burnaby

Gross Taxes $1,950.08

Ownership Type Leasehold prepaid-Strata

Maintenance Fee $606.91

Amenities Nearby Bike Room, Clubhouse, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Sewer, Taxes, Geothermal

Fixtures Included -

Heating & Cooling

Fireplace -

Heating Type Baseboard, Electric

Utilities

Utility Type Community, Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Underground, Front Access, Garage Door Opener

Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed

Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Rental Restrictions -

Zoning P11E

Rental Suites -

Laundry In Unit

# of Kitchens 0

Flooring Laminate, Mixed, Carpet

Foundation Other

Interior Features Elevator, Storage

Locker 1

View -

View Description -

Units In Development 117

Exterior Features Garden, Playground, Balcony

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Other

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11'6 x 11'6 ft
Main Level	Dining Room	11'6 x 11'6 ft
Main Level	Primary Bedroom	11'8 x 11'8 ft
Main Level	Bedroom	12'1 x 12'1 ft
Main Level	Bar Room	8'1 x 8'1 ft

Listed by: RE/MAX Crest Realty

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 Info

Public Schools

Elementary

University Highlands Elementary School

Above Average

0.26 km

Rating 7.1/10

Secondary

Burnaby Mountain Secondary School

2.85 km

No Rating

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

Private Schools

Elementary, Secondary

Mediated Learning Academy

1.92 km

No Rating

Elementary, Secondary

Mediated Learning Academy

1.92 km

No Rating

Closest Transit

Translink

SFU Transit Exchange @ Bay 4

0.38 km

Welcome to 1003 8940 University Crescent, a stunning property in the heart of Burnaby, BC. As your trusted realtor, I'm excited to share with you the unique features and benefits of this home, located in the desirable neighborhood of Burnaby, BC V5A 4Y8.

Schools

This property is serviced by University Highlands Elementary School, a highly-rated institution (7.1/10) just 0.26 km away. The school's commitment to academic excellence and community values makes it a top choice for families in the area. Burnaby Mountain Secondary School is also nearby, just 2.85 km away, offering a well-rounded education for students.

Crime Rates

According to Statistics Canada's 2020 report, the crime rate near 1003 8940 University Crescent, Burnaby, BC is 6,145.56, which is below average compared to other Canadian cities. This is a testament to the safe and secure community that Burnaby has to offer. The year-over-year change in the total crime rate is -11.13%, indicating a continued trend of low crime rates in the area.

Demographics

This neighborhood is a haven for families and professionals alike, with 36.8% of residents holding a university certificate or degree (high compared to other BC neighborhoods). The median household income is $71,834, which is average in comparison to British Columbia's average. The neighborhood is also home to a diverse population, with 67.6% of families having children (above average). The average household size is 2.9 people, which is average.

Transit

Getting around Burnaby is easy, with the SFU Transit Exchange @ Bay 4 located just 0.38 km away from 1003 8940 University Crescent, MLS® R3049779. This convenient access to public transportation makes it easy to get to work, school, or run errands.

Lifestyle Amenities

Burnaby offers a wide range of lifestyle amenities, including:

Parks: Enjoy the beautiful scenery and outdoor activities at nearby parks, such as Deer Lake Park.
Beaches: Relax at the nearby beaches, such as Burnaby Lake Beach.
Trails: Explore the numerous hiking and biking trails in the area, including the popular Trans Canada Trail.
Shopping: Visit the nearby Simon Fraser University shopping center for a variety of shopping and dining options.
Restaurants: Enjoy the diverse range of restaurants in the area, from fine dining to casual eateries.

Real Estate Context

The average value of dwellings in this neighborhood is $793,873, which is high compared to other areas in British Columbia. The average owner payments are above average, with owners spending $1,562 on average for their dwelling. Tenants are also paying above average, with an average rent of $1,393.

Investment Potential

This property is an excellent investment opportunity, with a strong rental market and a high demand for housing in the area. With its desirable location and amenities, 1003 8940 University Crescent, Burnaby, BC V5A 4Y8, MLS® R3049779, is a great choice for both families and investors.

As your trusted realtor, I'm committed to helping you find the perfect home in Burnaby. Contact me today to schedule a viewing of 1003 8940 University Crescent, MLS® R3049779.

Experience the best of Burnaby living at 1003 8940 University Crescent, a beautiful property in a highly sought-after neighborhood. With its excellent schools, low crime rates, and desirable amenities, this home is an excellent choice for families and professionals alike. Don't miss out on this opportunity to own a piece of Burnaby's real estate market. Contact me today to learn more about 1003 8940 University Crescent, Burnaby, BC V5A 4Y8, MLS® R3049779.

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