Vancouver Neighbourhood
With an average list price of $650,430 and median of $649,000, buyers in the Simon Fraser University neighbourhood typically secure contemporary condos or townhomes in a sustainable, well-designed community with strong appreciation potential—ideal for those valuing both lifestyle and proximity to education and transit. The 96.5% sale-to-list ratio signals a competitive market where well-positioned properties move quickly.
Avg recent sale: $579,000
Simon Fraser University real estate offers a distinctive lifestyle for those seeking mountain-top living in Burnaby. Perched atop Burnaby Mountain, the SFU neighbourhood features the acclaimed UniverCity development—a master-planned, sustainable community designed with environmental consciousness and modern amenities in mind. This unique setting attracts a diverse demographic, from young professionals and academics to families seeking proximity to the university and a vibrant, walkable neighbourhood. The area has evolved significantly, with an expanding inventory of condos and townhomes that cater to various budgets and lifestyle preferences. Current Simon Fraser University MLS listings show an active market with 20 properties available, ranging from $2,400 to $1,650,000, offering options across multiple price points.
The neighbourhood benefits from exceptional views across the Lower Mainland and Metro Vancouver, complemented by extensive green space, parks, and trails that define mountain living. Residents enjoy excellent transit connectivity via transit services that link the SFU campus to the broader Burnaby real estate market and surrounding communities. The area's proximity to educational institutions, shopping, and dining venues makes it particularly appealing for university-affiliated residents and commuters seeking a balance between urban convenience and natural serenity.
For those exploring Simon Fraser University homes for sale, the current market demonstrates strong buyer confidence. Recent data shows an average sold price of $727,247 with a 96.5% sale-to-list ratio, indicating competitive conditions and healthy demand. The average price per square foot of $652 reflects the neighbourhood's premium positioning within Burnaby's broader real estate landscape. The community continues to mature, with thoughtful urban planning and sustainability initiatives that appeal to environmentally conscious buyers looking for long-term value in Greater Vancouver.
Listed by Macdonald Realty Westmar
$387,000
$398,800
Simon Fraser Univer.
Sold Apr 23, 2026