418 8850 UNIVERSITY CRESCENT - 2 Beds 2 Bath - $644,900

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$644,900
418 8850 UNIVERSITY CRESCENT
Burnaby, British Columbia V5A0C8
MLS® Number: R3109517
2Beds
2Baths
825Sq Ft
1Parking
2019Year Built
CondoType

About This Property

Built by trusted developer Intergulf Development Group, Terraces at The Peak offers one of the most compelling investment opportunities in the vibrant SFU community. This south-facing 827 square ft 2-bedroom + 2-bathroom LOCK-OFF residence features two separate entrances, creating exceptional flexibility for both investors and end users. The thoughtfully designed floorplan can be divided into two self-contained living sections, making it ideal for rental income, multigenerational living, or a mortgage helper setup. One side offers a full 1-bedroom home complete with kitchen, dining, and living area, while the secondary lock-off suite functions as a private 1-bedroom space with its own mini bar fridge and sink counter, perfect for a home office or supplemental income. (id:64973)

Rose's Thoughts
Rose Marie Manno

The price per square foot of $781 is slightly above the Burnaby average, but the lock-off layout and proximity to Simon Fraser University make this a compelling investment opportunity. This property's flexible configuration and low strata fees make it well-suited for investors seeking rental income or multigenerational living arrangements in the vibrant SFU community.

Property Details

Bedrooms2
Bathrooms2
Living Area825 sq ft
Lot Size0
Year Built2019
Property TypeCondo
Parking1
HeatingBaseboard heaters, Forced air, Geo Thermal
AppliancesAll
ViewView
CommunityPets Allowed With Restrictions
Strata/Maint Fee$534/mo
Annual Taxes$2,042
CityBurnaby
Postal CodeV5A0C8
MLS® #R3109517

Location

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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.

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