702 8940 University Cres, Burnaby BC - Apartment/Condo for Sale - MLS# R3127039

$599,000
Est. Mortgage $2,650/mo
2 Beds
2 Baths
925 sqft
648 $ /sqft
640.45 $ Maint. fee
2021 built
$599,000
Est. $2,650/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
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Property Details for 702 8940 University Crescent

Experience elevated living at Terraces at The Peak by Intergulf Development Group in SFU’s vibrant UniverCity community. This bright 2-bedroom, 2-bathroom home features a functional open-concept layout, large windows, south-facing views, quartz countertops, stainless steel appliances, gas cooktop, covered balcony, in-suite laundry, 1 parking, and 1 storage locker. BONUS: Rare lock-off suite design offering flexibility to rent out part or all of the home. Concrete building with fitness centre, lounge, outdoor terrace, study spaces, and children’s play area. Short walk to SFU campus, bus loop, elementary school, daycare, shops, restaurants, parks, and trails. Excellent opportunity for both homeowners and investors.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features Elevator, Storage
Heating Type Baseboard
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Other, Carpet
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden, Playground, Balcony
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $599,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 925
Year Built 2021
Age Of Building 5
Building Type Apartment/Condo
Property Type Residential
Building Amenities Clubhouse, Exercise Centre, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Recreation Facilities, Snow Removal
Ownership Type Leasehold prepaid-Strata
Maintenance Fee $640.45
Amenities Nearby Clubhouse, Exercise Centre, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type Electricity Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Underground, Front Access, Garage Door Opener
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Dogs OK, Number Limit (Two), Yes With Restrictions

Lot & Land

Lot Size Depth Feet
MLS® # R3127039
Area Burnaby North
Neighbourhood Simon Fraser Univer.
City Burnaby
Postal Code V5A 0E7
Gross Taxes $2,301.8
Zoning P11E

Property Timeline

Status Date Price
R3127039 / Active 05-20-2026 $599,000
Rooms
Floor Type Dimensions
Main Level Living Room 11'11 x 11'11 ft
Main Level Dining Room 9'3 x 9'3 ft
Main Level Kitchen 8'1 x 8'1 ft
Main Level Foyer 6'9 x 6'9 ft
Main Level Primary Bedroom 10'8 x 10'8 ft
Main Level Bedroom 9'1 x 9'1 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Main Level No #4

Listed by: RE/MAX Real Estate Services

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.

Map & Neighbourhood

Public Schools

Elementary
University Highlands Elementary School
0.26 km
Secondary
Burnaby Mountain Secondary School
2.85 km

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
Elementary, Secondary
Mediated Learning Academy
1.92 km

Closest Transit

Bus Stop
SFU Transit Exchange @ Bay 4
0.38 km
Skytrain
Skytrain @ Burquitlam Station
2.46 km

Crime Rate

Total Crime Rate
Below Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Above Average
36.8%
No Certificate/Degree
Below Average
7.4%
Owner Occupied
Average
63%
Employment Rate
Above Average
67.6%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 702 8940 University Crescent

Mortgage Calculator for 702 8940 University Crescent

/month
Principal & Interest
Property Taxes $192
Maintenance fee 640.45
Financing 80% of the $599,000 asking price over 30 years at 4% results in approximately $3,120/month in total estimated carrying costs, $192 property tax, $640 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $2,298/month in rental income, leaving a -$881/month cashflow at current carrying costs. Investors targeting break-even would need roughly 51% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Simon Fraser Univer., Burnaby

Beds Home Types Square Feet Lot Size Year Built
This Home $599,000
Burnaby Loading...
Simon Fraser Univer. Loading...

Based on 26 comparable active apartments/condos in Simon Fraser Univer., the average asking price is $620,919. This listing is priced 3.5% below the neighbourhood average.

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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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