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Experience elevated living at Terraces at The Peak by Intergulf Development Group in SFU’s vibrant UniverCity community. This bright 2-bedroom, 2-bathroom home features a functional open-concept layout, large windows, south-facing views, quartz countertops, stainless steel appliances, gas cooktop, covered balcony, in-suite laundry, 1 parking, and 1 storage locker. BONUS: Rare lock-off suite design offering flexibility to rent out part or all of the home. Concrete building with fitness centre, lounge, outdoor terrace, study spaces, and children’s play area. Short walk to SFU campus, bus loop, elementary school, daycare, shops, restaurants, parks, and trails. Excellent opportunity for both homeowners and investors.
| 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 | Garden, Playground, Balcony |
|---|---|
| Roof | Other |
| Structures | Multi Family, Residential Attached |
| Price | $599,000 |
|---|---|
| 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 Size Depth | Feet |
|---|---|
| MLS® # | R3127039 |
| Area | Burnaby North |
| Neighbourhood | Simon Fraser Univer. |
| City | Burnaby |
| Postal Code | V5A 0E7 |
| Gross Taxes | $2,301.8 |
| Zoning | P11E |
| 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 |
| 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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
702 8940 University Crescent has a sell-speed score of 50/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
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).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
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.
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.
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.
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.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
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 (0.38 km). Walk Score Transit rating: Good Transit (55/100).
Based on 25 comparable active apartments/condos in Simon Fraser Univer., the average asking price is $627,787. This listing is priced 4.6% below the neighbourhood average.
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