Buildings›Simon Fraser Univer.›Terraces at The Peak
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)

ListedUnit / AddressBedsBathsPriceTier$/sqftSqftDOMStrata FeeTaxListed By
Sep 17, 26201 8940 UNIVERSITY CRESCENT01$388,000Lowest$65958915d$416/mo$1,545/yrRE/MAX Crest Realty
Sep 8, 26902 8940 UNIVERSITY CRESCENT22$549,000$59492524d$650/mo$2,310/yrNu Stream Realty Inc…
Aug 31, 261103 8940 UNIVERSITY CRESCENT22$549,000$62088632d$620/mo$2,215/yrOakwyn Realty Ltd.
Jul 13, 26105 8940 UNIVERSITY CRESCENT22$589,900$67387781d$620/mo$2,195/yrReal Broker
Mar 9, 26103 8940 UNIVERSITY CRESCENT22$599,999$672893207d$614/mo$2,108/yrLuxmore Realty
Sep 20, 26104 8940 UNIVERSITY CRESCENT22$609,900$64195212d$651/mo$2,435/yrRoyal Pacific Rivers…
Jan 7, 268980 UNIVERSITY CRESCENT33$799,900Top-Tier$5861,365268d$918/mo$3,481/yrSutton Group - 1st W…
Median (7 units)$589,900$64189332d$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).

DateUnit / AddressBedsBathsvs AskingSold Price$/sqftSqftDOMStrata FeeTaxListed By
Sep 8, 26702 8940 UNIVERSITY CRESCENT22View →View Sold Price →—92514d$640/mo$2,302/yrRE/MAX Real Estate S…
Jul 29, 26308 8940 UNIVERSITY CRESCENT22View →View Sold Price →—87323d$619/mo$2,207/yrStonehaus Realty Cor…
Apr 7, 26507 8940 UNIVERSITY CRESCENT22View →View Sold Price →—9578d$651/mo$2,457/yrSutton Group-West Co…
Mar 6, 261106 8940 UNIVERSITY CRESCENT22View →View Sold Price →—96359d$666/mo$2,504/yrSutton Group - 1st W…
Nov 10, 251003 8940 UNIVERSITY CRESCENT22View →View Sold Price →—88613d$607/mo$1,950/yrRE/MAX Crest Realty
Median (5 units)———92514d$640/mo$2,302/yr
What's your unit at Terraces at The Peak worth?
3 units sold here in the past 6 months, averaging $621,800 in 23 days. Get a free, no-obligation valuation based on what's actually selling in this building.
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

Address8940 University CRESCENT, Burnaby
Total Units117
Units in Strata117
Storeys13
Year Built2020
Strata PlanEPS7239

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

Features

✓gym
✓Fitness room
✓Yoga room
✓Amenity terraces
✓Stainless steel appliances
✓Social lounte with dining area and kitchen
✓Meeting / study room
✓Outdoor BBQ
✓Landscaped garden
✓Playground

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.

Frequently Asked Questions

What is Terraces at The Peak?+
Terraces at The Peak is a 13-storey condominium strata building at 8940 University Crescent in Burnaby's Simon Fraser University neighbourhood. The building was completed in 2020 and contains 117 residential suites. It is situated on Burnaby Mountain, adjacent to the SFU campus and the UniverCity community.
Where is Terraces at The Peak located?+
The building is located at 8940 University Crescent, Burnaby, BC, in the Simon Fraser University neighbourhood on Burnaby Mountain. It sits within the UniverCity mixed-use community, close to the main SFU campus and Burnaby Mountain Conservation Area.
When was Terraces at The Peak built?+
Terraces at The Peak was completed in 2020, making it one of the newer strata buildings in the SFU neighbourhood on Burnaby Mountain. Specific construction material details are not currently on file.
How many suites does Terraces at The Peak have?+
Terraces at The Peak contains 117 strata suites across 13 storeys.
Is Terraces at The Peak pet-friendly?+
Pet policy details for Terraces at The Peak are not currently on file. Prospective buyers or tenants should contact the strata corporation or a licensed real estate professional to confirm the current bylaws regarding pets.
What amenities does Terraces at The Peak have?+
Amenity details for Terraces at The Peak are not currently listed. It is recommended that interested parties reach out directly to the strata management or a local real estate professional for up-to-date information on building amenities.
What are the maintenance fees at Terraces at The Peak?+
Strata fee details and what they include are not currently on file for Terraces at The Peak. Buyers should request a current Information Certificate (Form B) through a real estate professional to review fee schedules and what is covered.
Are there any suites currently for sale at Terraces at The Peak?+
There are no active MLS listings at Terraces at The Peak at this time. Buyers interested in the building can set up an alert through a licensed REALTOR® to be notified when suites become available.
What is the average sold price at Terraces at The Peak?+
Sold price data for Terraces at The Peak is not currently available. A local real estate professional with access to MLS history can provide a detailed sales history for the building upon request.

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Location

📍8940 University CRESCENT, Burnaby, Burnaby, Simon Fraser Univer., BCOpen in Google Maps →

What's Nearby

50/100
Walk Score
Somewhat Walkable
40/100
Transit Score
Some Transit
40/100
Bike Score
Some Biking

Scores are estimates based on local amenities and transit access. Actual walkability may vary.

🏫
Local Elementary School
Catchment school · < 1.5 km
🏫
Local Middle School
< 2 km
🏫
Local Secondary School
< 3 km
🏫
Nearby Private School
Independent option · < 5 km

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Re/Max Crest Realty
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