Home Burnaby, BC Simon Fraser Univer. Novo 1 501 9298 University Crescent

501 9298 University Cres, Burnaby BC V5A 4X8 – Condo for Sale – MLS® R3151805

501 9298 University Crescent, Burnaby, British Columbia V5A 4X8

Burnaby Condos for Sale

103 days on the market

$549,900

Est. monthly cost $2,947/mo

Updated with MLS® - Nov 11, 2026 at 08:10am

Novo

2 Beds

2 Baths

912 sqft

603 $ /sqft

560.39 $ Maint. fee

2004 built

11.2% price reduction

Photos

Welcome to NOVO at UniverCity! This spacious 2-bedroom plus den, 2-bathroom home features an open and functional layout, updated stainless steel appliances, floor-to-ceiling windows and incredible panoramic views. The generous living room is perfect for relaxing or entertaining, while the large primary bedroom offers a private ensuite. Enjoy peaceful living in a quiet, well-managed concrete building just steps from transit with direct connections to Downtown Vancouver, SkyTrain, Brentwood, Metrotown and Lougheed. Walk to Nesters Market, restaurants, shops, amenities and miles of scenic Burnaby Mountain trails. One parking space included and pets permitted. A fantastic opportunity for homeowners, students or investors—move in before the new school year begins! OPEN HOUSE, NOV 8TH, 2:30-4PM.

Building 26 fields Inside & out 13 fields Lot & land 8 fields

Building Details

Price	$549,900
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	912
Year Built	2004
Age Of Building	22
Building Type	Apartment/Condo
Unit Style	Corner unit
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Clubhouse, Recreation Facilities, Management, Sewer, Snow Removal, Water
Building Name	Novo
Ownership Type	Leasehold prepaid-Strata
Maintenance Fee	$560.39
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Clubhouse, Recreation Facilities, Management, Sewer, Snow Removal, Water
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground, Front Access
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Units In Development	167

Interior Features

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

Exterior Features

Exterior Features	Playground, Balcony
View Description	MOUNTAINS & WATER
Roof	Other
Structures	Multi Family, Residential Attached

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3151805
Area	Burnaby North
Neighbourhood	Simon Fraser Univer.
City	Burnaby
Postal Code	V5A 4X8
Gross Taxes	$2,046.99
Zoning	P11E

Property Timeline

Status	Date	Price
R3151805 / Active	07-31-2026	$549,900

Rooms

Floor	Type	Dimensions
Main Level	Kitchen	8'3 x 8'3 ft
Main Level	Living Room	11'11 x 11'11 ft
Main Level	Dining Room	11'11 x 11'11 ft
Main Level	Foyer	8'2 x 8'2 ft
Main Level	Primary Bedroom	10'6 x 10'6 ft
Main Level	Bedroom	9'5 x 9'5 ft
Main Level	Den	9'10 x 9'10 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#5
Main Level	No	#4

Listed by: Oakwyn Realty Ltd.

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: Novo 1

9288 University Crescent, Simon Fraser Univer., Burnaby

Novo 1 building details

Building

Built: 2005
Homes: 167 in 9 storeys
Construction: Concrete
Title: Leasehold prepaid-Strata
Strata plan: BCS1046
Managed by: Tribe
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

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

Market at Novo 1

For sale: 2
Median ask: $534K
Median $/sqft: $537
Days on market: 76
Sold, past year: 3

This home

$603/sqft, 12.3% above the building median of $537.

Leasehold prepaid-Strata, not freehold strata. Ask for the lease expiry date, the prepaid rent position, and which lenders will finance it.

Homes for sale at Novo 1, Burnaby Recent sold listings in Novo 1, Burnaby

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

Map, sell speed & climate

SkyTrain 2.08 km · Burnaby Mountain Secondary School 7.1/10 · 2.65 km · crime below average · sell-speed score 54/100 (moderate pace) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (19 nearby)

Togo sushi · 425 m · Restaurant
Uncle fatih's pizza · 433 m · Fast Food
Chef hung · 440 m · Restaurant

Shopping (5 nearby)

House of vision · 397 m · Optician
Simon fraser university · 402 m · Post Office
Nesters market · 468 m · Pharmacy

Cafes (5 nearby)

Tim hortons · 382 m · Cafe
Chaiiwala of london · 411 m · Cafe
Chakura · 552 m · Cafe

Groceries (2 nearby)

Nesters market · 395 m · Supermarket
Bc liquor store · 510 m · Beverages

Healthcare (1 nearby)

Nesters market · 468 m · Healthcare

Transit (1 nearby)

Bus stop westbound s campus rd @ science rd · 888 m · Transit

Public Schools

Secondary
Burnaby Mountain Secondary School: Above Average 2.65 km 7.1/10
Elementary
University Highlands Elementary School: Above Average 0.28 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 3.93 km 8.6/10
Elementary, Secondary
Traditional Learning Academy: Above Average 4.94 km 8.4/10

Closest Transit

Bus Stop
Southbound Tower Rd @ University High Street: 0.4 km
Skytrain
Skytrain @ Burquitlam Station: 2.08 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

54 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $499,509

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.08 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

103 DOM

Slower than area

Simon Fraser Univer. avg

41 DOM

Average

Burnaby avg

41 DOM

Faster market

501 9298 University Crescent has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 10.1% above comparable active properties in Simon Fraser Univer.. 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 may take several weeks to attract serious offers.

Climate Risk for V5A 4X8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5A 4X8, 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 (~5.7 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

12 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 281 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 2.01 KM
Stoney Creek Community Elementary	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.17 KM
Lyndhurst Elementary School	Public	Grades Served K-7	Catchment Info —	N/A	Distance 2.19 KM
Miller Park Community School	Public	Grades Served K-5	Catchment Info —	6.4 / 10	Distance 2.31 KM
Ecole Banting Middle	Public	Grades Served —	Catchment Info —	4.1 / 10	Distance 2.43 KM
Ecole Moody Middle	Public	Grades Served —	Catchment Info —	5.1 / 10	Distance 2.59 KM
Burnaby Mountain Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.1 / 10	Distance 2.65 KM
Port Moody Secondary School	Public	Grades Served 9-12	Catchment Info —	7.7 / 10	Distance 2.68 KM
Mountain View Elementary School	Public	Grades Served K-5	Catchment Info —	5.1 / 10	Distance 2.79 KM
Cameron Elementary	Public	Grades Served —	Catchment Info —	6.5 / 10	Distance 2.95 KM

Pre-computed routes from 501 9298 University Cres, Burnaby, BC

501 9298 University Cres, Burnaby, BC Burquitlam 2.1 km

59 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Burquitlam → Waterfront
59 min
Metrotown, Burnaby via Burquitlam → Metrotown
54 min
SFU Burnaby via Burquitlam → Production Way
34 min
Richmond Centre via Burquitlam → Brighouse
84 min
YVR Airport via Burquitlam → YVR-Airport
85 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
27 min

Calculate your commute

501 9298 University Cres, Burnaby, BC is ideally located for commuters. The property is 2.1 km from Burquitlam, with a 59 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Tower Rd @ University High Street (0.4 km). Walk Score Transit rating: Good Transit (53/100).

Walkability & Transit Near 501 9298 University Crescent

Somewhat Walkable 65

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Good Transit 53

Transit Score - Good Transit

Many nearby public transportation options

Somewhat Bikeable 33

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Costs & calculators

Monthly cost about $2,947/month · rent estimate $2,110/month · owning catches up with renting by year 16 · cash flow if rented −$996/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 501 9298 University Crescent

$2,947 /month

Principal & Interest $2,216

Property Taxes $171

Maintenance fee $560

The estimated monthly cost of 501 9298 University Crescent, Burnaby is $2,947: $2,216 principal and interest with 20% down over 30 years at 4.45%, plus $171 property tax and $560 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

−$996 /month

Mortgage Payment $2,216

Monthly Cash Flow −$996

Break Even Down Payment 56%

Cap Rate -2.2%

Cash on Cash -10.9%

If 501 9298 University Crescent, Burnaby were rented at $2,110 a month with 5% vacancy, it would fall $996 a month short of the mortgage and carrying costs; about 56% 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 501 9298 University Crescent, Burnaby

$2,110 / month

Rent $2,110

Own $2,947

Principal: $713/mo Interest, tax, insurance, fees: $2,234/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$597/mo (year 1) → ~$1,388/mo (year 20) → ~$2,069/mo (year 29).

Net cost to own at year 5 ~$2,234/mo About $124/mo more than renting

EstateBlock estimates 501 9298 University Crescent, Burnaby would rent for about $2,110 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: 501 9298 University Crescent

Rent vs own

Owning catches up by year 16

With 20% down ($109,980) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $39,203

Principal paid off by year 10 $88,154

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.

Renting 501 9298 University Crescent, Burnaby is cheaper at first, but owning catches up by year 16, with $39,203 of principal paid off by year 5 and $88,154 by year 10.