708 8940 University Cres, Burnaby, BC, MLS® R2789040

$829,000
Est. Mortgage /mo

Closed

$800,000
Closed at 29 Mar 2024
Listing price: $829,000
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
2 Beds
2 Baths
1 Stories
$ 542.15 Maint. Fee
878 sqft
2021 built
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Schools
Crime
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708 8940 University Cres, Burnaby, BC | MLS® R2789040 Property Details

Unobstructed Burrard Inlet OCEAN, city and Mountains views. Terraces at the Peak ascends 14 storeys into the sky on Burnaby Mountain, the highest point in Metro Vancouver and New University condo tower in SFU. This 2-bedroom unit and 2 bathrooms has elegant wide plank laminate flooring throughout. Big balcony (220 sq ft) and indoor/ outdoor amenities, including a social lounge with chef-inspired kitchen, dining & study areas, state of the art fitness centre, large outdoor terrace with BBQ area, kids playground & landscaped gardens. It comes with 1 Parking, 1 Bike-room storage locker. Enjoy walking to SFU campus, bus loop, elementary school, childcare, Starbucks, Nestor’s markets, shops, parks, or hiking/biking trails. Great value!

General Info

Price $829,000
Total Bedrooms 2
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 878
Lot Size -
Lot Size Depth -
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 2021
Age Of Building 2
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Amenities Clubhouse, Exercise Centre, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R2789040
Area Burnaby North
Neighbourhood Simon Fraser Univer.
City Burnaby
Gross Taxes $1,819.01
Ownership Type Leasehold prepaid-Strata
Maintenance Fee $542.15
Community Features Shopping Nearby
Amenities Nearby Clubhouse, Exercise Centre, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Baseboard, Electric

Utilities

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

Parking

Parking Type Underground, Side Access
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Yes With Restrictions
Rental Restrictions -
Zoning CD
Rental Suites -
# of Kitchens 1
Flooring Laminate, Mixed, Tile
Foundation Concrete Perimeter
Interior Features Elevator
Locker -
View 1
View Description Burrard Inlet Ocean and City
Units In Development -
Exterior Features Playground, Balcony
Sewer Community, Sanitary Sewer
Roof Torch-On

Property History

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Status Date Price
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Listed by: RE/MAX Crest 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
0.24 km
7.1/10
Secondary
Burnaby Mountain Secondary School
2.83 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
1.91 km
Elementary, Secondary
Mediated Learning Academy
1.91 km

Closest Transit

Bus Stop
Southbound Tower Rd @ University High Street
0.35 km
Skytrain
Skytrain @ Burquitlam Station
2.45 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

708 8940 University Crescent is serviced by University Highlands Elementary School. The property with listing MLS® R2789040 is located 0.24 km from the school. University Highlands Elementary School has a rating of Rating 7.1/10.

This home with address 708 8940 University Crescent, Burnaby, BC is also serviced by Burnaby Mountain Secondary School and located 2.83 km from it. Burnaby Mountain Secondary School has a rating of No Rating.

The closest Elementary independent school to this home for sale located at 708 8940 University Crescent is Mediated Learning Academy with School's rating No Rating, located 1.91 km from this home.

The closest to this address 708 8940 University Crescent Secondary independent school is Mediated Learning Academy with School's rating No Rating, located 1.91 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 15,851 volation disturbances in this neighbourhood. The overall crime rate near the address - 708 8940 University Crescent, Burnaby, BC is 6,145.56. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Below Average rate in 2020. Year by year change in the total crime rate is -11.13%

Drug crime rate next to the listing MLS® R2789040 is Below Average comparing to other neighbourhoods. The illegal substances offences rating is 126.78. There were 327 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 2.35%

Property crimes in the neighbourhood close to real estate listing for sale 708 8940 University Crescent are Average. Property misconduct rating adjacent to MLS® R2789040 is 3,691.76. There were 9,522 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -17.54%

There were 2,304 violent lawbreaking disorders in 2020. 893.28 and it is Low rate comparing to other BC municipalities. Year by year change in the violent crime rate is -5.51%

The closest Bus station is Southbound Tower Rd @ University High Street in 0.35 km away from this listing with - MLS® R2789040.

36.8% of people with university certificate/degree live in this neighbourhood adjacent to the 708 8940 University Crescent which is High in comparison with other BC neighbourhoods. 7.4% of population in this neighbourhood that is near the Listing MLS® R2789040 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 708 8940 University Crescent, Burnaby, BC is $71834 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2789040 is $29798 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 63% which is Above Average.

Unemployment rate in the area around Real Estate Listing # R2789040 is 8.3 which is Average in comparison to the other province neighbourhoods.

This real estate is located in 708 8940 University Crescent Simon Fraser Univer. where population change between 2011 and 2016 was 4.4%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 708 8940 University Crescent, Burnaby, BC is 637.5 which is Average people per sq.km.

Average size of families in the area adjacent to home for sale 708 8940 University Crescent is 2.9. This is Average number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2789040 is 67.6% and it is Above Average. % of Married or living common law is around 54.1% and it is Below Average.

Average age of the population close to the 708 8940 University Crescent is 35.8 . This percentage is Low in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 708 8940 University Crescent, Burnaby, BC is $793873 and this is High comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 708 8940 University Crescent. $1562 owners spent in average for the dwelling. Tenants are paying $1393 in this district close to MLS® R2789040 and it is High comparing to other cities.

45.1% of Population in this district near the 708 8940 University Crescent are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 708 8940 University Crescent, Burnaby, BC is 8.3%, it is Average, % of English speakers only is 88.6% and Below Average. % of French speakers adjacent to 708 8940 University Crescent only is 0.1% and it is Low. % of Neither English nor French speakers close to home for sale 708 8940 University Crescent, Burnaby, BC is 3.2% and it is Above Average comparing to other BC cities.

23.2% of all population in the area around this property with the address 708 8940 University Crescent, Burnaby, BC using Public Transport which is Above Average, 65% of using population are using Cars around MLS® R2789040, which is Low. 1.3% of people using Bicycles around the 708 8940 University Crescent and it is Average. 9.5% of population are walking which is Above Average

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 542.15
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 $829,000
Burnaby $850,916
Simon Fraser Univer. $642,357
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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