Home Burnaby, BC Simon Fraser Univer. Terraces At The Peak 702 8940 University Crescent

702 8940 University Cres, Burnaby BC - Apartment/Condo for Sale - MLS# R3159460

12 days on the market

$489,000

Est. Mortgage $2,163/mo

Listing updated: Sep 3, 2026 at 02:35pm

EstateBlock checked: Sep 6, 2026 at 05:45am

2 Beds

2 Baths

925 sqft

529 $ /sqft

640.45 $ Maint. fee

2021 built

OPEN HOUSE 18.3% cheaper than comps

12 days on the market

$489,000

Est. $2,163/mo with 20% down

Listing updated: Sep 3, 2026 at 02:35pm

EstateBlock checked: Sep 6, 2026 at 05:45am

Photos

Exterior Front Photo of 702 8940 University Crescent, Burnaby, BC

Exterior Rear Photo of 702 8940 University Crescent, Burnaby, BC

Living Room Photo of 702 8940 University Crescent, Burnaby, BC

Family Room Photo of 702 8940 University Crescent, Burnaby, BC

Dining Area Photo of 702 8940 University Crescent, Burnaby, BC

Kitchen Photo of 702 8940 University Crescent, Burnaby, BC

Kitchen Island Photo of 702 8940 University Crescent, Burnaby, BC

Pantry Photo of 702 8940 University Crescent, Burnaby, BC

Breakfast Nook Photo of 702 8940 University Crescent, Burnaby, BC

Primary Bedroom Photo of 702 8940 University Crescent, Burnaby, BC

Experience elevated living at Terraces at The Peak in SFU’s vibrant UniverCity community. This bright 2-bedroom, 2-bathroom home features an open-concept layout, large windows, south-facing views, quartz countertops, stainless steel appliances, gas cooktop, in-suite laundry, 1 parking and 1 Bike locker. Enjoy the spacious approx 130 sqft covered balcony, perfect for relaxing and outdoor enjoyment. BONUS: Rare lock-off suite design offers flexibility for extended family, guests or rental potential. Concrete building with fitness centre, lounge, outdoor terrace, study spaces and children’s play area. Short walk to SFU campus, transit, school, daycare, shops, restaurants, parks and trails. Ideal for homeowners, students and investors. Open house: Sept 5 (Sat) 2-4pm & Sept 6 (Sun) 2-4pm

Open houses

06 Sep, 2026 (01:00 PM to 03:00 PM)

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	$489,000
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^® #	R3159460
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
R3159460 / Active	08-25-2026	$489,000
to view full Property History (2 earlier records)

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

Secondary
Burnaby Mountain Secondary School: Above Average 2.85 km 7.1/10
Elementary
University Highlands Elementary School: Above Average 0.26 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 4.32 km 8.6/10
Elementary, Secondary
Traditional Learning Academy: Above Average 5.33 km 8.4/10

Closest Transit

Bus Stop
SFU Transit Exchange @ Bay 4: 0.37 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

71 / 100

Overall sell-speed score

Likely within weeks

Price competition grade

Avg comparable: $578,487

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

12 DOM

Very fast

Simon Fraser Univer. avg

43 DOM

Average

Burnaby avg

43 DOM

Slower market

702 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 18.3% 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 15.2% and an area average of 43 days on market — conditions are balanced. With only 553 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 (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 · 274 m · Restaurant
Uncle fatih's pizza · 276 m · Fast Food
Chef hung · 277 m · Restaurant

Cafes (9 nearby)

Tim hortons · 271 m · Cafe
Chaiiwala of london · 272 m · Cafe
Chakura · 367 m · Cafe

Shopping (5 nearby)

House of vision · 271 m · Optician
Simon fraser university · 313 m · Post Office
Nesters market · 327 m · Pharmacy

Groceries (2 nearby)

Nesters market · 314 m · Supermarket
Bc liquor store · 333 m · Beverages

Gyms (1 nearby)

Sfu aquatic centre · 930 m · Gym

Healthcare (1 nearby)

Nesters market · 327 m · Healthcare

Transit (1 nearby)

Bus stop westbound barnet rd @ cariboo rd · 969 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 257 m
Forest Grove Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 1.86 KM
Seaview Community School	Public	Grades Served K-5	Catchment Info —	4.8 / 10	Distance 2.32 KM
Stoney Creek Community Elementary	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.43 KM
Lyndhurst Elementary School	Public	Grades Served K-7	Catchment Info —	0	Distance 2.52 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 702 8940 University Cres, Burnaby, BC

702 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

702 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 (0.37 km). Walk Score Transit rating: Good Transit (55/100).

Walkability & Transit Near 702 8940 University Crescent

Car-Dependent 71

Walk Score - Very Walkable

Most errands can be accomplished on foot

Some Transit 55

Transit Score - Good Transit

Many nearby public transportation options

Somewhat
Bikeable 43

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 702 8940 University Crescent

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $192

Maintenance fee 640.45

A 20% down payment of $97,800 on this $489,000 listing yields an estimated mortgage of $1,868/month (30-year fixed, 4%). Total estimated housing cost: $2,700/month, $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: Sep 3, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $1,876/month in estimated rental income against $2,757/month in mortgage payments, the monthly cashflow is -$881/month. A 58% down payment would reach break-even.

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

Estateblock Rent Estimate for 702 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.