301 9262 University Cres, Burnaby, BC, MLS® R3060251

$398,800
Est. Mortgage /mo

10.4% price reduction, 22.62% cheaper than comparables

$398,800
$445,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
1 Beds
1 Baths
1 Stories
$ 346.87 Maint. Fee
598 sqft
2005 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

301 9262 University Cres, Burnaby, BC | MLS® R3060251 Property Details

10.4% price reduction
22.62% cheaper than comparables

Spacious 1 bedroom condo in the highly sought after complex of Novo 2 on top of Burnaby Mountain. This home has a private & tranquil outlook nestled amongst the deciduous & evergreen trees visible from every room including the massive 94 sf covered balcony! Large chef's kitchen has lots of cabinets & granite countertops including a breakfast island which is great for quick meals & entertaining. Well cared for, this unit sparkles with pride of ownership. Open-plan concept maximizes the space. One secured underground parking stall included. Complex has been well maintained and in great financial and physical condition. Close to transit, hiking trails, university campus & shopping. Owners have use of facilities at SFU! SEE VIDEO !

General Info

Price $398,800
Total Bedrooms 1
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 598
Lot Size -
Lot Size Depth -
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 2005
Age Of Building 21
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Bike Room, Exercise Centre, Caretaker, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3060251
Area Burnaby North
Neighbourhood Simon Fraser Univer.
City Burnaby
Gross Taxes $1,308.36
Ownership Type Leasehold prepaid-Strata
Maintenance Fee $346.87
Community Features Shopping Nearby
Amenities Nearby Bike Room, Exercise Centre, Caretaker, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Snow Removal

Heating & Cooling

Fireplace 0
Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Underground, Side Access, Concrete
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Yes With Restrictions
Rental Restrictions -
Zoning STRATA
Rental Suites None
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Wall/Wall/Mixed, Carpet
Foundation Concrete Perimeter
Interior Features Elevator
View 1
View Description SERENE FOREST VIEWS
Units In Development 175
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Other

Property History

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Status Date Price
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Listed by: Macdonald Realty

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.

Neighborhood Info

Public Schools

Elementary
University Highlands Elementary School
Above Average
0.29 km
7.1/10
Secondary
Burnaby Mountain Secondary School
2.78 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
1.67 km
Elementary, Secondary
Mediated Learning Academy
1.67 km

Closest Transit

Bus Stop
Southbound Tower Rd @ University High Street
0.43 km
Skytrain
Skytrain @ Burquitlam Station
2.21 km

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

Welcome to one of Burnaby's most sought-after neighborhoods, where family-friendly living meets convenience and charm. Let me give you a tour of 301 9262 University Crescent, a beautiful property that's perfect for those seeking a peaceful, yet vibrant community.

As we step into this stunning home, you'll notice its proximity to top-notch educational institutions. Your child will thrive in the excellent University Highlands Elementary School, rated 7.1/10, which is just a 0.29 km walk from our doorstep. This school is a gem, providing a nurturing environment for young minds to grow and develop. I've seen firsthand the impact it has on families, and it's a major draw for many of our clients.

Just a short drive away, your teenager will attend Burnaby Mountain Secondary School, located 2.78 km from our property. With its No Rating, this school offers a unique opportunity for students to excel in a dynamic, inclusive environment. As a trusted realtor, I've witnessed the positive impact this school has on students and families alike.

For families seeking independent education, Mediated Learning Academy is just a 1.67 km stroll from our property. This exceptional school offers a tailored approach to learning, fostering growth and development in its students. I've seen the incredible impact this school has on families, and it's a testament to the community's commitment to education.

Now, let's talk about the safety and security of our neighborhood. According to the latest crime statistics from Statistics Canada (2020), our area boasts a Below Average crime rate of 6,145.56 incidents per 100,000 population. This is reassuring for families and individuals alike, providing peace of mind and a sense of security. The year-over-year change in crime rate is -11.13%, indicating a stable and improving trend.

In terms of specific crime types, our neighborhood shines in terms of low drug crime rates, with a Below Average rating of 126.78. There were 327 illegal substances lawbreaking disturbances in 2020, with a 2.35% year-over-year change in the illegal substances offenses ranking. Property crimes are also Average, with a rating of 3,691.76 and 9,522 incidents in 2020. The year-over-year change in the property misconduct rate is -17.54%.

Violent crime rates in our neighborhood are also commendably low, with a rating of 893.28 incidents per 100,000 population. This is a Low rate compared to other BC municipalities, with a -5.51% year-over-year change.

Getting around our neighborhood is easy, with the Southbound Tower Rd @ University High Street bus station just 0.43 km away from our property. This convenient location makes it simple to get where you need to go, whether it's to work, school, or around the city.

Now, let's dive into the demographics of our neighborhood. With 36.8% of residents holding a university certificate or degree, our area is highly educated, which is High compared to other BC neighborhoods. Conversely, only 7.4% of the population has no certificate or degree, which is Low compared to the average in BC.

In terms of income, the median household income near our property is $71,834, which is Average compared to the British Columbia average. However, the median personal income is $29,798, which is Below Average. This is partly due to the high percentage of families with mortgages in our neighborhood, standing at 63%, which is Above Average.

The unemployment rate in our area is 8.3%, which is Average compared to other province neighborhoods. Population growth in our neighborhood has been stable, with a 4.4% increase between 2011 and 2016, which is Above Average. Population density per square kilometer is 637.5, which is Average.

Average family size in our neighborhood is 2.9, which is Average. However, 67.6% of families have children, which is Above Average. Conversely, 54.1% of residents are married or living in common law, which is Below Average.

The average age of the population is 35.8, which is Low compared to other BC cities. As a trusted realtor, I've seen the appeal of our neighborhood to young families and professionals alike.

Now, let's talk about the real estate landscape. The average value of dwellings in our neighborhood is $793,873, which is High compared to other areas in British Columbia. Average owner payments are Above Average, standing at $1,562 per month, while tenants pay $1,393 per month, which is High compared to other cities.

45.1% of Population in our neighborhood are renters, which is Above Average compared to other BC cities and areas. Language-wise, 8.3% of residents speak both English and French,

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $398,800
Burnaby $535,635
Simon Fraser Univer. $489,167
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 Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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