Condo
$368,000
26% under assessed201 8940 UNIVERSITY CRESCENT
Burnaby22 days on market
MLS® R3166987
1 / 19
1 bed · 1 bath · 445 sq ft · 1 parking
Condo · Single Family · built 2009 · 218 days on market
Listed by Jay Zhou, Royal Pacific Realty Corp.
Realtor's description
Welcome to The Hub by Liberty Homes, a concrete mid-rise built to LEED Silver standards, ideally located in the heart of SFU´s UniverCity community. This north-facing studio is a perfect choice for first-time buyers or investors. The home features a spacious balcony, floor-to-ceiling windows, quartz countertops, brand-new 72-hour waterproof laminate flooring, fresh paint and a new fridge. Enjoy a full stainless steel appliance package, one secured parking stall, and a storage locker. Just steps from transit, dining, shops, banks, forested trails, Nester´s Market, and Simon Fraser University´s main campus. This unit offers both lifestyle and convenience in a growing, vibrant neighborhood an excellent opportunity for comfortable living or strong rent potential. Price to sell.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 445 sq ft
- Parking
- 1
- Year built
- 2009
- Property tax
- $1,026 / yr
- Strata fee
- $201 / mo ($0.45 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 218
- MLS®
- R3096817
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$1,866/mo
Mortgage $1,579 · Tax $86 · Strata $201
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,710/mo
- After all costs
- −$328/mo
- Cap rate
- 4.1%
- yearly net rent ÷ price
Costs: mortgage $1,579 · tax $86 · strata $201 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-bedroom in North Burnaby, Burnaby (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
BurnabyGoogle Maps ↗
Schools
Catchment schools, Burnaby School District 41
- Elementary University Highlands Elementaryhomes in this catchment
200 m away · 9388 Tower Rd, Burnaby · 604-296-9036
From the Burnaby School District 41's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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