509 - 9262 University Crescent, Burnaby, V5A 0A4 — photo 1

$534,900

509 - 9262 University Crescent, Burnaby, V5A 0A4
Active
2 Bedrooms 1 Bathrooms 804 sqft Built 2006 Residential
1 Listing Signal Detected
Leasehold LandHigh

Land is leased, not owned. Review lease terms carefully before proceeding.

About This Property

Welcome to Novo 2! This beautiful 2 bed + Den, 1 bath unit in a fully concrete building is ready for you to move in! 804 sqft of living space and an excellent layout! Huge covered balcony with excellent view in fall/winter and privacy throughout the year. Open concept kitchen and living room with granite counters throughout! Large and bright primary bedroom! Good size full bathroom + in suite laundry. Brand new flooring throughout. Well run strata with a healthy contingency! All of this in a great location walking distance to SFU and everything UniverCity has to offer! Hiking trails, grocery, restaurants, coffee shops, shopping, and more!

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Property Details

MLS #

R3047369

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Leasehold prepaid-Strata

Zoning

P11E

Bedrooms

2

Full Baths

1

Half Baths

0

Kitchens

1

Fireplaces

0

Living Area

804 sqft

Main Floor

804 sqft

Lot Dimensions

0 x

Frontage

0

Year Built

2006

Age

20 years

Construction

Concrete Frame, Concrete (Exterior)

Structure

Multi Family, Residential Attached

Parking Stalls

1

Parking Type

Underground

Original Price

$552,800

Strata Fee

$456.88/mo

Taxes

$1,668.65/yr

Listed

2025-09-12

MLS Area

Simon Fraser Univer.

City

Burnaby

Postal Code

V5A 0A4

Subdivision

Novo 2

Features & Finishes

Heating

Electric

Flooring

Tile

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Laundry

In Unit

Exterior Features

Balcony

Building & Community

Pets

Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Restrictions

Pets Allowed w/Rest.,Rentals Allowed

View

Mountains when leaves are gone

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Electricity Connected, Water Connected

Building Amenities

Bike Room · Exercise Centre · Trash · Maintenance Grounds · Management

Disclosures

Property Disclosure

No

8.9

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market15% below market $/sqft
Days on market234 days — significantly stale, strong negotiation position
Price historyPrice dropped 3% from original ask — seller showing motivation
Market conditionsMarket avg 97% — some negotiation room
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$507,864

5.1% below asking price

Negotiation Range

$494,492$515,888

$21,396 spread

$494,492$534,900 ask

Based on 35 recent sales, a starting offer around $507,864 (5.1% below ask) is reasonable. Your negotiation range is $494,492 – $515,888.

What's factored in

Market baseline35 recent Burnaby sales closed at median 97.3% of list price
Price already reducedSeller dropped from 3% off original ask — indicates motivation
Extended market time234 days listed — well above market avg of 148 days, increased negotiation leverage
Above-average DOM234d vs market avg of 148d — property may have a pricing or condition issue

Based on 35 residential sales in Burnaby (last 60 days) · Updated May 4

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