117 Units13 StoreysBuilt 20207 Active
Terraces at The Peak — 8940 University CRESCENT, Simon Fraser Univer., Burnaby, BC
A 13-storey, 117-suite condo building on Burnaby Mountain, completed in 2020.
Avg Sold Price
$622K
Avg $/sq ft
$674
Avg Days on Market
23d
Sold Price Trend
5 recorded sales, $560K (2025-11) → $540K (2026-09) -3.6%
Homes For Sale (7)
| Listed | Unit / Address | Beds | Baths | Price | Tier | $/sqft | Sqft | DOM | Strata Fee | Tax | Listed By |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 17, 26 | 201 8940 UNIVERSITY CRESCENT | 0 | 1 | $388,000 | Lowest | $659 | 589 | 15d | $416/mo | $1,545/yr | RE/MAX Crest Realty |
| Sep 8, 26 | 902 8940 UNIVERSITY CRESCENT | 2 | 2 | $549,000 | $594 | 925 | 24d | $650/mo | $2,310/yr | Nu Stream Realty Inc… | |
| Aug 31, 26 | 1103 8940 UNIVERSITY CRESCENT | 2 | 2 | $549,000 | $620 | 886 | 32d | $620/mo | $2,215/yr | Oakwyn Realty Ltd. | |
| Jul 13, 26 | 105 8940 UNIVERSITY CRESCENT | 2 | 2 | $589,900 | $673 | 877 | 81d | $620/mo | $2,195/yr | Real Broker | |
| Mar 9, 26 | 103 8940 UNIVERSITY CRESCENT | 2 | 2 | $599,999 | $672 | 893 | 207d | $614/mo | $2,108/yr | Luxmore Realty | |
| Sep 20, 26 | 104 8940 UNIVERSITY CRESCENT | 2 | 2 | $609,900 | $641 | 952 | 12d | $651/mo | $2,435/yr | Royal Pacific Rivers… | |
| Jan 7, 26 | 8980 UNIVERSITY CRESCENT | 3 | 3 | $799,900 | Top-Tier | $586 | 1,365 | 268d | $918/mo | $3,481/yr | Sutton Group - 1st W… |
| Median (7 units) | $589,900 | $641 | 893 | 32d | $620/mo | $2,215/yr | |||||
Sold History at Terraces at The Peak
3 units have sold at Terraces at The Peak in the past 6 months, with an average sale price of $621,800 ($674/sq ft).
| Date | Unit / Address | Beds | Baths | vs Asking | Sold Price | $/sqft | Sqft | DOM | Strata Fee | Tax | Listed By |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 8, 26 | 702 8940 UNIVERSITY CRESCENT | 2 | 2 | View → | View Sold Price → | — | 925 | 14d | $640/mo | $2,302/yr | RE/MAX Real Estate S… |
| Jul 29, 26 | 308 8940 UNIVERSITY CRESCENT | 2 | 2 | View → | View Sold Price → | — | 873 | 23d | $619/mo | $2,207/yr | Stonehaus Realty Cor… |
| Apr 7, 26 | 507 8940 UNIVERSITY CRESCENT | 2 | 2 | View → | View Sold Price → | — | 957 | 8d | $651/mo | $2,457/yr | Sutton Group-West Co… |
| Mar 6, 26 | 1106 8940 UNIVERSITY CRESCENT | 2 | 2 | View → | View Sold Price → | — | 963 | 59d | $666/mo | $2,504/yr | Sutton Group - 1st W… |
| Nov 10, 25 | 1003 8940 UNIVERSITY CRESCENT | 2 | 2 | View → | View Sold Price → | — | 886 | 13d | $607/mo | $1,950/yr | RE/MAX Crest Realty |
| Median (5 units) | — | — | — | 925 | 14d | $640/mo | $2,302/yr | ||||
Market Summary
There are currently 7 active homes for sale at Terraces at The Peak at 8940 University CRESCENT, ranging from $388K to $800K. Recent sold units have averaged $622K, selling in about 23 days on average (≈$674/sq ft). Terraces at The Peak is a building of 117 units built in 2020 located in Simon Fraser Univer..
Building Details
About This Building
Terraces at The Peak is a 13-storey residential strata building located at 8940 University Crescent in Burnaby, within the Simon Fraser University neighbourhood on Burnaby Mountain. Completed in 2020, the building contains 117 condominium suites, making it one of the more recently built developments in this elevated community. Situated steps from Simon Fraser University's main campus, the building offers residents a quieter, campus-adjacent setting while remaining connected to the broader Metro Vancouver area. As the building is relatively new, it reflects more modern construction standards typical of developments from that era in Burnaby. Specific amenity details, strata management, and pet policy information are not currently listed on file — prospective buyers and renters are encouraged to contact the strata corporation or a licensed real estate professional directly for the most current bylaws and building rules.
Location & Neighbourhood
The Simon Fraser University neighbourhood sits atop Burnaby Mountain and is served by the SFU Transit Exchange, with frequent bus connections to Production Way–University SkyTrain Station linking residents to the broader Metro Vancouver transit network. The area is surrounded by forested green space, including Burnaby Mountain Conservation Area and Centennial Way trails, appealing to those who enjoy walking and cycling close to home. UniverCity, the mixed-use community adjacent to SFU's Burnaby campus, provides everyday conveniences including groceries, cafés, a childcare centre, and a public elementary school.
Building Market Stats
Avg Asking Price
$584K
Sold in 6 Months
3 units
Avg Sold Price
$622K
Avg $/SqFt
$674
Avg DOM
23 days
Sale-to-List
99.3%
Amenities & Bylaws
Strata Information
Financial Health
Strata Plan No.EPS7239
Contingency Reserve FundContact agent for details
CRF Per UnitContact agent for details
Special LeviesInquire with strata
Depreciation ReportAvailable on request
Management & Meetings
AGM ScheduleAnnual — contact strata
Council MembersElected owners
Insurance CoverageFull building replacement
Bylaw Last UpdatedContact strata for date
Note: Strata documents including full meeting minutes, the depreciation report, and bylaws are available to serious buyers upon request. Saeed can obtain and review these as part of your due diligence.
Quick Answers
What building is at 8940 University CRESCENT?
Terraces at The Peak is the strata complex located at 8940 University CRESCENT, Simon Fraser Univer., Burnaby, BC. Built in 2020. It has 117 residential units.
How many units are in Terraces at The Peak?
Terraces at The Peak (8940 University CRESCENT) has 117 residential units built in 2020. Strata Plan EPS7239.
When was Terraces at The Peak built?
Terraces at The Peak at 8940 University CRESCENT was built in 2020.
What has sold at 8940 University CRESCENT recently?
In the past 6 months, 3 units have sold at Terraces at The Peak, with an average sale price of $621,800.
What is the average sold price at Terraces at The Peak?
Recent units at Terraces at The Peak have sold for an average of $621,800, typically in 23 days on market.
Who is the best realtor to sell my unit at Terraces at The Peak?
Terraces at The Peak units have recently sold for an average of $621,800 in about 23 days. Saeed Farahani is a Simon Fraser Univer. specialist at Re/Max Crest Realty — contact Saeed for a free building valuation.
How long does it take to sell a unit at Terraces at The Peak?
Recent units at Terraces at The Peak have sold in an average of 23 days on market, with units typically selling at 99.3% of asking price.
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