516 9319 UNIVERSITY CRESCENT
Burnaby · MLS® R3157735
2 bed · 2 bath · 1,000 sq ft · 2 parking
Condo · Single Family · built 2005 · 48 days on market
Listed by Denise Mai, eXp Realty
Realtor's description
Welcome to this bright and peaceful home in the heart of SFU´s sought-after UniverCity community. This spacious 2 bedroom, 2 bathroom residence offers a smart and functional layout with separated bedrooms for added privacy, large windows that bring in natural light, and tranquil greenbelt views. Enjoy a well-appointed kitchen with granite countertops and stainless steel appliances, a cozy gas fireplace, and a covered balcony perfect for relaxing or entertaining. Built by renowned developer Polygon Homes, this home is surrounded by nature while still being steps to SFU, shops, restaurants, transit, parks, and hiking trails. An excellent opportunity for families, professionals, students, or investors looking for long-term value in one of Burnaby´s most unique communities.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,000 sq ft
- Parking
- 2
- Year built
- 2005
- Property tax
- $2,164 / yr
- Strata fee
- $499 / mo ($0.50 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 48
- MLS®
- R3157735
Features
- Pets Allowed
Monthly cost
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
- $2,110/mo
- After all costs
- −$1,117/mo
- Cap rate
- 2.7%
- yearly net rent ÷ price
Costs: mortgage $2,344 · tax $180 · strata $499 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
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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