Home Burnaby, BC Simon Fraser Univer. Terraces At The Peak 701 8940 University Crescent

701 8940 University Cres, Burnaby BC - Apartment/Condo for Sale - MLS# R3026862

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Listing updated: Aug 23, 2025 at 01:40am

EstateBlock checked: Sep 27, 2026 at 01:25pm

0 Beds

1 Baths

483 sqft

888 $ /sqft

383.06 $ Maint. fee

2021 built

Closed

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This property sold for

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Listing updated: Aug 23, 2025 at 01:40am

EstateBlock checked: Sep 27, 2026 at 01:25pm

Photo

Street view of 701 8940 University Crescent

VERIFIED ACCOUNT REQUIRED

Sold price & sold date

Original list price & price changes

Full photo gallery - 40 photos

Days on market & listing history

Map & Neighbourhood

Public Schools

Elementary
University Highlands Elementary School: Above Average 0.26 km 7.1/10
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

Sell Speed & Competition

54 / 100

Overall sell-speed score

Moderate pace expected

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Price competition grade

No comparable data

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.46 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

35 DOM

Average

Simon Fraser Univer. avg

41 DOM

Average

Burnaby avg

41 DOM

Slower market

701 8940 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 has limited comparable pricing data available. 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 only 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 4Y8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5A 4Y8, 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 (BC ENV 2024). 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.

Nearby Restaurants, Cafes & Shops

Restaurants (22 nearby)

Togo sushi · 283 m · Restaurant
Uncle fatih's pizza · 284 m · Fast Food
Chef hung · 286 m · Restaurant

Cafes (9 nearby)

Tim hortons · 279 m · Cafe
Chaiiwala of london · 281 m · Cafe
Chakura · 376 m · Cafe

Shopping (5 nearby)

House of vision · 279 m · Optician
Simon fraser university · 321 m · Post Office
Nesters market · 336 m · Pharmacy

Groceries (2 nearby)

Nesters market · 321 m · Supermarket
Bc liquor store · 342 m · Beverages

Gyms (1 nearby)

Sfu aquatic centre · 938 m · Gym

Healthcare (1 nearby)

Nesters market · 336 m · Healthcare

Transit (1 nearby)

Bus stop westbound barnet rd @ cariboo rd · 967 m · Transit

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 262 m
Forest Grove Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.87 KM
Seaview Community School	Public	Grades Served K-5	Catchment Info —	4.8 / 10	Distance 2.31 KM
Stoney Creek Community Elementary	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.44 KM
Lyndhurst Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 2.53 KM
Miller Park Community School	Public	Grades Served K-5	Catchment Info —	6.4 / 10	Distance 2.70 KM
Ecole Banting Middle	Public	Grades Served —	Catchment Info —	4.1 / 10	Distance 2.83 KM
Burnaby Mountain Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	7.1 / 10	Distance 2.85 KM
Ecole Moody Middle	Public	Grades Served —	Catchment Info —	5.1 / 10	Distance 2.93 KM

Pre-computed routes from 701 8940 University Cres, Burnaby, BC

701 8940 University Cres, Burnaby, BC Burquitlam 2.5 km

64 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Burquitlam → Waterfront
64 min
Metrotown, Burnaby via Burquitlam → Metrotown
59 min
SFU Burnaby via Burquitlam → Production Way
39 min
Richmond Centre via Burquitlam → Brighouse
89 min
YVR Airport via Burquitlam → YVR-Airport
90 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

701 8940 University Cres, Burnaby, BC is ideally located for commuters. The property is 2.5 km from Burquitlam, with a 64 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is SFU Transit Exchange @ Bay 4 (0.38 km).

Mortgage Calculator for 701 8940 University Crescent

Home Price

Down Payment

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Interest Rate

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Principal & Interest

Property Taxes $101

Maintenance fee 383.06

Financing 80% of the $429,000 asking price over 30 years at 4% results in approximately $2,122/month in total estimated carrying costs, $101 property tax, $383 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: Aug 23, 2025

Investment Cashflow Calculator

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Break Even Down Payment 0%

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Cash on Cash

This listing generates an estimated $1,646/month in rental income, leaving a -$526/month cashflow at current carrying costs. Investors targeting break-even would need roughly 46% down.

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

Estateblock Rent Estimate for 701 8940 University Crescent, Burnaby

Buy Vs Rent Calculator

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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.