507 8940 University Cres, Burnaby, BC | MLS® R2992777 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.

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 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

Rooms

Floor	Type	Dimensions
Main Level	Living Room	12' x 12' ft
Main Level	Dining Room	11'5 x 11'5 ft
Main Level	Kitchen	12'4 x 12'4 ft
Main Level	Primary Bedroom	18'5 x 18'5 ft
Main Level	Bedroom	9'3 x 9'3 ft

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

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

507 8940 University Crescent 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 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 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 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 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 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 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 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 Simon Fraser Univer. 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 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 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 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 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. $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 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 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 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 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 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 and it is Average. 9.5% of population are walking which is Above Average

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