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$618,000

418 8850 UNIVERSITY CRESCENT

Burnaby BC V5A 0C8 - Simon Fraser Univer.
2 bd
2 ba
825 sqft
Built 2019

About This Property

Built by trusted developer Intergulf Development Group, Terraces at The Peak offers one of the most compelling investment opportunities in the vibrant SFU community. This south-facing 827 sq ft 2-bedroom + 2-bathroom LOCK-OFF residence features two separate entrances, creating exceptional flexibility for both investors and end users. The thoughtfully…

Features

Elevator
Playground
Balcony
Garage Under Building
Shopping Nearby
Room measurements5 rooms▸
Living RoomMain · 9'7 × 13'
Dining RoomMain · 4'5 × 12'
KitchenMain · 9' × 9'3
BedroomMain · 8'6 × 9'7
Primary BedroomMain · 9'9 × 10'2

Property Details

MLS NumberR3109517
Property TypeApartment/Condo
Bedrooms2
Bathrooms2
Square Feet825
Year Built2019
Parking Spaces1
HeatingBaseboard, Forced Air, Geothermal
Strata Fee$533.53/mo
Days on Market147
StatusActive
Listed BySutton Group - 1st West Realty

School Catchment

Elementary University Highlands
Secondary Burnaby Mountain

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$700,000Median home value
$88,000Median household income
55.3%Owner-occupied
10.6%Single-detached homes
2.4Avg household size
35.2Median age
56.6%Bachelor's degree or higher (25-64)
47.2%Commute under 30 min
74.5%Drive to work
37%Foreign-born residents
10,164Neighbourhood population

Age

Under 15: 16.3%15 to 64: 72.7%65 and over: 11.1%
  • Under 1516.3%
  • 15 to 6472.7%
  • 65 and over11.1%

Household size

  • 1 person28.1%
  • 234%
  • 316.7%
  • 415.1%
  • 5 or more6%

Language spoken at home

53.2% English mother tongue

  • Mandarin11.8%
  • Cantonese5.7%
  • English + other4%
  • Korean3.4%
  • Russian2.4%
  • Spanish2.3%
  • All others17.2%

Mother tongue, share of 10,155 residents.

How this pocket differs

  • notably fewer seniors 65+ than Burnaby North 11.1% vs 17.3%
  • more children under 15 than Burnaby North 16.2% vs 13.1%
  • notably fewer Cantonese speakers than Burnaby North 5.7% vs 11.7%
  • more Mandarin speakers than Burnaby North 11.8% vs 8.7%
  • Median dwelling value is notably lower than Metro Vancouver $700,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Monthly Cost Calculator

Estimated monthly cost $3,577
Mortgage payment$2,828
Strata fee$534
Property tax$170
Home insurance$45
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Aug 31

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