Home Burnaby, BC Simon Fraser Univer. Terraces At The Peak 201 8940 University Crescent

201 8940 University Cres, Burnaby BC V5A 0E7 – Condo for Sale – MLS® R3166987

201 8940 University Crescent, Burnaby, British Columbia V5A 0E7

Burnaby Condos for Sale

55 days on the market

$348,000

Est. monthly cost $1,947/mo

Updated with MLS® - Nov 11, 2026 at 03:45pm

Terraces At The Peak

0 Beds

1 Baths

589 sqft

591 $ /sqft

415.6 $ Maint. fee

2021 built

12.6% price reduction 18.4% cheaper than comps

Photos

MODERN LIVING AT SFU! Welcome to Terraces at The Peak, a newer community in UniverCity on Burnaby Mountain. This well designed studio offers a peaceful outlook onto lush greenery, creating a private and serene setting. Enjoy excellent indoor and outdoor amenities including a well-equipped gym, landscaped courtyard, outdoor lounge, yoga/meditation space and gathering areas. Just a 5-10 min walk to Simon Fraser University, with Nesters Market, cafes, restaurants, shops, parks and trails nearby. An ideal opportunity for students, investors or those seeking a quiet home surrounded by nature, while staying connected to campus conveniences. Includes 1 parking stall, 1 locker AND 1 bike locker.

Building 25 fields Inside & out 13 fields Lot & land 7 fields

Building Details

Price	$348,000
Total Bedrooms	0
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	589
Year Built	2021
Age Of Building	5
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Exercise Centre, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Building Name	Terraces At The Peak
Ownership Type	Leasehold prepaid-Strata
Maintenance Fee	$415.6
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Exercise Centre, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Snow Removal
Utility Type	Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Single, Underground, Guest, Front Access, Garage Door Opener
Total Parking Spaces	1
Strata Restrictions	Rentals Allowed,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two)
Units In Development	117

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, Electric
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Tile
Foundation	Block

Exterior Features

Exterior Features	Balcony
View Description	LUSH GREENERY
Roof	Other
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3166987
Area	Burnaby North
Neighbourhood	Simon Fraser Univer.
City	Burnaby
Postal Code	V5A 0E7
Gross Taxes	$1,545.48
Zoning	P11E

Property Timeline

Status	Date	Price
R3166987 / Active	09-17-2026	$348,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	16'8 x 16'8 ft
Main Level	Kitchen	16'8 x 16'8 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

Listed by: RE/MAX Crest Realty & Real Broker

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.

About the building: Terraces At The Peak

8940 University Crescent, Simon Fraser Univer., Burnaby

Terraces At The Peak building details

Building

Built: 2021
Homes: 117 in 13 storeys
Construction: Concrete
Title: Leasehold prepaid-Strata
Strata plan: EPS7239
Managed by: Wynford
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Snow removalRecreation FacilityManagementHot WaterHeatGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 2
Rentals: Allowed

Market at Terraces At The Peak

For sale: 6
Median ask: $574K
Median $/sqft: $607
Days on market: 133
Sold, past year: 5

This home

$591/sqft, 2.6% below the building median of $607.

Leasehold prepaid-Strata, not freehold strata. Ask for the lease expiry date, the prepaid rent position, and which lenders will finance it.
Structural warranty runs to 2031 under BC's 2-5-10 new-home warranty.

Homes for sale at Terraces At The Peak, Burnaby Recent sold listings in Terraces At The Peak, Burnaby

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map, sell speed & climate

SkyTrain 2.45 km · Burnaby Mountain Secondary School 7.1/10 · 2.79 km · crime below average · sell-speed score 71/100 (likely within weeks) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (22 nearby)

Togo sushi · 215 m · Restaurant
Uncle fatih's pizza · 216 m · Fast Food
Chef hung · 217 m · Restaurant

Cafes (9 nearby)

Chaiiwala of london · 214 m · Cafe
Tim hortons · 216 m · Cafe
Chakura · 305 m · Cafe

Shopping (5 nearby)

House of vision · 214 m · Optician
Simon fraser university · 257 m · Post Office
Nesters market · 266 m · Pharmacy

Groceries (2 nearby)

Nesters market · 258 m · Supermarket
Bc liquor store · 270 m · Beverages

Gyms (1 nearby)

Sfu aquatic centre · 888 m · Gym

Healthcare (1 nearby)

Nesters market · 266 m · Healthcare

Transit (1 nearby)

Bus stop westbound barnet rd @ cariboo rd · 994 m · Transit

Public Schools

Secondary
Burnaby Mountain Secondary School: Above Average 2.79 km 7.1/10
Elementary
University Highlands Elementary School: Above Average 0.22 km 7.4/10

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

Private Schools

Elementary
Queen of All Saints Elementary School: Above Average 4.34 km 8.6/10
Elementary, Secondary
Traditional Learning Academy: Above Average 5.32 km 8.4/10

Closest Transit

Bus Stop
SFU Transit Exchange @ Bay 4: 0.31 km
Skytrain
Skytrain @ Burquitlam Station: 2.45 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

Sell Speed & Competition

71 / 100

Overall sell-speed score

Likely within weeks

Price competition grade

Avg comparable: $426,597

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.45 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How SIMON FRASER UNIVER. compares

This property

55 DOM

Slower than area

Simon Fraser Univer. avg

41 DOM

Average

Burnaby avg

41 DOM

Faster market

201 8940 University Crescent has a sell-speed score of 71/100, placing it in the "Expected to sell within weeks" band. The listing is priced 18.4% below comparable active properties in Simon Fraser Univer., which is a strong competitive signal. The local market is currently a Balanced Market with a sales-to-active ratio of 12.7% and an area average of 41 days on market — conditions are balanced. With 551 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V5A 0E7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5A 0E7, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality B / Good

Annual avg PM2.5 5.2 µg/m³ — meets Canada's CAAQS. Nearest station: New Westminster Sapperton Park, New Westminster (~6 km). Annual avg AQHI 0 — Low Risk.

Heat Moderate

Burnaby currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~7 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.4 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1393 mm (1981–2010 baseline), projected ~1445 mm by the 2050s. Extreme 1-day rainfall: ~47.8 mm baseline, ~53.3 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~24 days baseline, ~25 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Schools NearBy

9 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
University Highlands Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	7.4 / 10	Distance 219 m
Forest Grove Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.80 KM
Seaview Community School	Public	Grades Served K-5	Catchment Info —	4.8 / 10	Distance 2.35 KM
Stoney Creek Community Elementary	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.39 KM
Lyndhurst Elementary School	Public	Grades Served K-7	Catchment Info —	N/A	Distance 2.49 KM
Miller Park Community School	Public	Grades Served K-5	Catchment Info —	6.4 / 10	Distance 2.71 KM
Burnaby Mountain Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.1 / 10	Distance 2.79 KM
Ecole Banting Middle	Public	Grades Served —	Catchment Info —	4.1 / 10	Distance 2.83 KM
Ecole Moody Middle	Public	Grades Served —	Catchment Info —	5.1 / 10	Distance 2.96 KM

Pre-computed routes from 201 8940 University Cres, Burnaby, BC

201 8940 University Cres, Burnaby, BC Burquitlam 2.4 km

63 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Burquitlam → Waterfront
63 min
Metrotown, Burnaby via Burquitlam → Metrotown
58 min
SFU Burnaby via Burquitlam → Production Way
38 min
Richmond Centre via Burquitlam → Brighouse
88 min
YVR Airport via Burquitlam → YVR-Airport
89 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
18 min
Metrotown, Burnaby via Lougheed Hwy
11 min
SFU Burnaby via Gaglardi Way
4 min
Richmond Centre via No. 3 Rd
25 min
YVR Airport via Bridgeport / Sea Island
26 min

Calculate your commute

201 8940 University Cres, Burnaby, BC is ideally located for commuters. The property is 2.4 km from Burquitlam, with a 63 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is SFU Transit Exchange @ Bay 4 (0.31 km). Walk Score Transit rating: Good Transit (56/100).

Walkability & Transit Near 201 8940 University Crescent

Very Walkable 72

Walk Score - Very Walkable

Most errands can be accomplished on foot

Good Transit 56

Transit Score - Good Transit

Many nearby public transportation options

Somewhat Bikeable 42

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Costs & calculators

Monthly cost about $1,947/month · rent estimate $1,792/month · owning nets $222/month less than renting · cash flow if rented −$285/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 201 8940 University Crescent

$1,947 /month

Principal & Interest $1,402

Property Taxes $129

Maintenance fee $416

The estimated monthly cost of 201 8940 University Crescent, Burnaby is $1,947: $1,402 principal and interest with 20% down over 30 years at 4.45%, plus $129 property tax and $416 strata fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

−$285 /month

Mortgage Payment $1,402

Monthly Cash Flow −$285

Break Even Down Payment 37%

Cap Rate -1.0%

Cash on Cash -4.9%

If 201 8940 University Crescent, Burnaby were rented at $1,792 a month with 5% vacancy, it would fall $285 a month short of the mortgage and carrying costs; about 37% down would break even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 201 8940 University Crescent, Burnaby

$1,792 / month

Rent $1,792

Own $1,947

Principal: $451/mo Interest, tax, insurance, fees: $1,496/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$378/mo (year 1) → ~$878/mo (year 20) → ~$1,310/mo (year 29).

Net cost to own at year 5 ~$1,496/mo About $296/mo less than renting

EstateBlock estimates 201 8940 University Crescent, Burnaby would rent for about $1,792 a month.

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Rent vs own: 201 8940 University Crescent

Rent vs own

Owning nets $222/mo less than renting

With 20% down ($69,600) at 4.45%: $1,570/mo net cost to own in year 1 vs $1,792/mo rent

Principal paid off by year 5 $24,809

Principal paid off by year 10 $55,788

Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.

Owning 201 8940 University Crescent, Burnaby nets about $222 a month less than renting it in year 1, with $24,809 of principal paid off by year 5 and $55,788 by year 10.