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$799,900

8980 UNIVERSITY CRESCENT

Burnaby · MLS® R3077226

3 bed · 3 bath · 1,365 sq ft · 2 parking

Townhouse · Single Family · built 2021 · 275 days on market

Listed by Rachel Chen, Sutton Group - 1st West Realty

Realtor's description

Located on Burnaby Mountain - the highest point in metro Vancouver. This south-facing corner 3 beds + 3 bathrooms townhouse offers a stylish and comfortable living, the 3rd bedroom doesn't have window and could useas home office. The home features elegant wide plank laminate flooring in the main living areas, plush carpeting in the bedrooms, and a thoughtful layout that includes a private patio and a balcony off the primary bedroom - perfect for relaxing or entertaining. Residents enjoy access to premium amenities such as a large shared patio with BBQ, a state-of-the-art gym, and endless trails. 2 parking, a storage locker and a bike locker. Short walking to SFU campus, bus loop, shopping, restaurants, hiking and bike trails. Open house on Sunday Aug 2nd from 2-4 pm.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,365 sq ft
Parking: 2
Year built: 2021
Property tax: $3,481 / yr
Strata fee: $918 / mo ($0.67 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 275
MLS®: R3077226

Features

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-19%)

2026 assessment: $1,157,000 · asking is -31%
Price per sq ft: $586 vs $725 median for townhouses in Burnaby for sale (196)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 275 days · no price changes so far

The market here

Listed now: 44 days; median for 204 townhouses for sale; this one 275 days

Townhouses in Burnaby. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,157,000	$3,799
2025	$1,168,000	$3,478

Estimated tax up 9.2% from 2025 to 2026.

The listing shows $3,481 a year in property tax.

Estimate: the BC Assessment value times Burnaby's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$4,693/mo

Mortgage $3,485 · Tax $290 · Strata $918

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,485/ monthly

loan $639,920

25-year amortization

down payment20% · $159,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $405,606
property transfer tax: $13,998; BC general rate
cash to close: $173,978; down + PTT
total paid: $1,045,526

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,345/mo
After all costs: −$2,711/mo
Cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,485 · tax $290 · strata $918 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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

The building's lot: 4,002 m² (43,077 sq ft) · PID 031-263-429. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

BurnabyGoogle Maps ↗

Location

BurnabyGoogle Maps ↗

Schools

Catchment schools, Burnaby School District 41

Elementary University Highlands Elementaryhomes in this catchment
300 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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