1308 8850 University Cres, Burnaby BC - Apartment/Condo for Sale - MLS# R3121003

$699,900
Est. Mortgage $3,096/mo
The Peak
2 Beds
2 Baths
800 sqft
875 $ /sqft
506.17 $ Maint. fee
2019 built
$699,900
$719,888
Est. $3,096/mo with 20% down
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

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Property Details for 1308 8850 University Crescent

Just a 5-minute walk to SFU, schools, transit, restaurants, and shops like Starbucks and Nester’s Market, this residence features a functional open-concept layout with laminate flooring throughout. Residents enjoy premium amenities including a two-storey gym, yoga studio, study lounge, party room, outdoor terrace blending lifestyle, convenience, and natural beauty in one perfect package.

Interior Features

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

Exterior Features

Exterior Features Playground, Balcony
View Description City and Ocean View
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $699,900
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 800
Year Built 2019
Age Of Building 7
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Clubhouse, Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Snow Removal
Building Name The Peak
Ownership Type Leasehold prepaid-Strata
Maintenance Fee $506.17
Community Features Shopping Nearby
Amenities Nearby Clubhouse, Exercise Centre, Recreation Facilities, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Snow Removal
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Under Building
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions 100
Rental Suites None

Lot & Land

MLS® # R3121003
Area Burnaby North
Neighbourhood Simon Fraser Univer.
City Burnaby
Postal Code V5A 0C8
Gross Taxes $2,047.55
Zoning CD

Property Timeline

Status Date Price
R3121003 / Active 05-06-2026 $699,900
Rooms
Floor Type Dimensions
Main Level Living Room 9'3 x 9'3 ft
Main Level Dining Room 5'5 x 5'5 ft
Main Level Kitchen 8'8 x 8'8 ft
Main Level Primary Bedroom 13'3 x 13'3 ft
Main Level Bedroom 8'11 x 8'11 ft
Main Level Laundry 4'0 x 4'0 ft
Main Level Foyer 5'1 x 5'1 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Main Level Yes #3

Listed by: Sutton Group - 1st West 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.

Map & Neighbourhood

Public Schools

Elementary
University Highlands Elementary School
0.26 km
Secondary
Burnaby Mountain Secondary School
2.84 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
1.95 km
Elementary, Secondary
Mediated Learning Academy
1.95 km

Closest Transit

Bus Stop
SFU Transit Exchange @ Bay 4
0.32 km
Skytrain
Skytrain @ Burquitlam Station
2.49 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

33 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $499,029
Market conditions
Market conditions unavailable
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 2.49 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
64 DOM
Listed
Simon Fraser Univer. avg
Burnaby avg

1308 8850 University Crescent has a sell-speed score of 33/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 28.7% above comparable active properties in Simon Fraser Univer.. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V5A 0C8

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V5A 0C8, 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 days 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

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 1308 8850 University Crescent

Pre-computed routes from 1308 8850 University Cres, Burnaby, BC

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

1308 8850 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 (0.32 km). Walk Score Transit rating: Good Transit (55/100).

Walkability & Transit Near 1308 8850 University Crescent

Walk Score Badge
Car-Dependent 71

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 55

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
43

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 1308 8850 University Crescent

/month
Principal & Interest
Property Taxes $171
Maintenance fee 506.17
With a 20% down payment, buyers can expect an estimated $3,350/month in total housing costs on this $699,900 property — $2,673 mortgage payment, $171 property tax, $506 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
Based on $2,484/month estimated rent and $3,407/month in total housing costs, this property has a -$923/month cashflow. Break-even down payment: approximately 48%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Simon Fraser Univer., Burnaby

Beds Home Types Square Feet Lot Size Year Built
This Home $699,900
Burnaby Loading...
Simon Fraser Univer. Loading...

Based on 31 comparable active apartments/condos in Simon Fraser Univer., the average asking price is $591,508. This listing is priced 18.3% above the neighbourhood average.

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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 1308 8850 University Crescent

Walk Score Badge
Car-Dependent 71

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 55

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
43

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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