507 8940 UNIVERSITY CRES, Burnaby BC V5A 4Y8, Burnaby, BC

$749,800
Est. Mortgage /mo

MLS® R2992777

OPEN HOUSE

$749,800
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
2 Beds
2 Baths
1 Stories
lot 0 sqft
952 sqft
2021 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

One of the Best Buys Around!!! Unobstructed Stunning OCEAN and North Shore Mountain views from this stunning corner end unit with a 400 sq. ft. wrap-around balcony. Located in the prestigious Terraces at the Peak, a 13-storey condo tower atop SFU’s Burnaby campus, the highest point in Metro Vancouver. This 2-bedroom Northeast CORNER unit boasts elegant wide-plank wood flooring, a spacious layout, and access to 3,000 sq. ft. of premium amenities, including a chef-inspired lounge, fitness centre, outdoor terrace with BBQ, kids’ playground, and landscaped gardens. Perfectly situated near the bus loop, schools, childcare, Starbucks, Nestor’s Market, shops, parks, and 26 km of hiking/biking trails. Includes 1 parking and 1 locker. A true gem—don’t miss out!- 99 Year Pre-paid Leasehold Land.

Open houses

22 Jun, 2025 (02:00 PM to 03:00 PM)

General Info

Price $749,800
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 952
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
Building Amenities Clubhouse, Recreation Facilities, Caretaker, Trash, Hot Water, Management
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS # R2992777
Area Burnaby North
Neighbourhood Simon Fraser Univer.
City Burnaby
Gross Taxes $2,042
Ownership Type Leasehold prepaid-NonStrata
Maintenance Fee $651.32
Community Features Shopping Nearby
Amenities Nearby Clubhouse, Recreation Facilities, Caretaker, Trash, Hot Water, Management

Heating & Cooling

Fireplace 0
Heating Type Electric

Utilities

Utility Type Community
Utility Sewer Public Sewer
Water (WaterSource) Community

Parking

Parking Type Underground, Front Access, Asphalt
Total Parking Spaces 1

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Strata Restrictions Pets Allowed
Pet Restrictions Cats OK, Dogs OK, Yes
Rental Restrictions -
Zoning APT
Rental Suites None
# of Kitchens 1
Flooring Laminate
Foundation Concrete Perimeter
Interior Features Elevator, Storage
Locker -
View 1
View Description Water Mountain Views
Units In Development 117
Exterior Features Garden, Balcony
Sewer Public Sewer
Roof Asphalt

Property History

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Status Date Price
Active - $749,800
Show more

Listed by: Heller Murch 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

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. 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.

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

507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 is serviced by University Highlands Elementary School. The property with listing MLS® R2992777 is located 0.26 km from the school. University Highlands Elementary School has a rating of Rating 7.1/10.

This home with address 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC is also serviced by Burnaby Mountain Secondary School and located 2.85 km from it. Burnaby Mountain Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 is Mediated Learning Academy with School's rating No Rating, located 1.92 km from this home.

The closest to this address 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 Secondary independent school is Mediated Learning Academy with School's rating No Rating, located 1.92 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 15,851 volation disturbances in this neighbourhood. The overall crime rate near the address - 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC is 6,145.56. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Below Average rate in 2020. Year by year change in the total crime rate is -11.13%

Drug crime rate next to the listing MLS® R2992777 is Below Average comparing to other neighbourhoods. The illegal substances offences rating is 126.78. There were 327 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 2.35%

Property crimes in the neighbourhood close to real estate listing for sale 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 are Average. Property misconduct rating adjacent to MLS® R2992777 is 3,691.76. There were 9,522 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -17.54%

There were 2,304 violent lawbreaking disorders in 2020. 893.28 and it is Low rate comparing to other BC municipalities. Year by year change in the violent crime rate is -5.51%

The closest Bus station is SFU Transit Exchange @ Bay 4 in 0.38 km away from this listing with - MLS® R2992777.

36.8% of people with university certificate/degree live in this neighbourhood adjacent to the 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 which is High in comparison with other BC neighbourhoods. 7.4% of population in this neighbourhood that is near the Listing MLS® R2992777 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC is $71834 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2992777 is $29798 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 63% which is Above Average.

Unemployment rate in the area around Real Estate Listing # R2992777 is 8.3 which is Average in comparison to the other province neighbourhoods.

This real estate is located in 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 where population change between 2011 and 2016 was 4.4%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC is 637.5 which is Average people per sq.km.

Average size of families in the area adjacent to home for sale 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 is 2.9. This is Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2992777 is 67.6% and it is Above Average. % of Married or living common law is around 54.1% and it is Below Average.

Average age of the population close to the 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 is 35.8 . This percentage is Low in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC is $793873 and this is High comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8. $1562 owners spent in average for the dwelling. Tenants are paying $1393 in this district close to MLS® R2992777 and it is High comparing to other cities.

45.1% of Population in this district near the 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC is 8.3%, it is Average, % of English speakers only is 88.6% and Below Average. % of French speakers adjacent to 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 only is 0.1% and it is Low. % of Neither English nor French speakers close to home for sale 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC is 3.2% and it is Above Average comparing to other BC cities.

23.2% of all population in the area around this property with the address 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8, Burnaby, BC using Public Transport which is Above Average, 65% of using population are using Cars around MLS® R2992777, which is Low. 1.3% of people using Bicycles around the 507 8940 UNIVERSITY CRESCENT, Burnaby BC V5A 4Y8 and it is Average. 9.5% of population are walking which is Above Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $749,800
Burnaby $875,926
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

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Call or Text Now!
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