The Peak SFU Condo For Sale
New Condo Development Assignment
Written By: Mariko Baerg, REALTOR of Bridgewell Real Estate Group
If you want more details about this property, call me today!
Update (October 17, 2018):
Presale Unit 909 – 8850 University Crescent Available for Purchase (Assignment of Contract)
Currently, this development is sold out but there is an assignment opportunity for you to take advantage of!
Invest in Your Future – Your Opportunity to Purchase at the Peak!
Whether your plan is to rent out the unit, live in, or hold – the Peak is your opportunity to invest in your future.
If you plan to rent out…
Rentals are allowed at the Peak. Market rent is around $2500 or more (other 2 beds/dens renting from $2500-$2800/mo), and being on Simon Fraser University lands results in the Peak being located in one of the tightest rental markets in all of BC!
There are always a high supply of students looking for a property to live in, and with easy access to busses and a growing community the neighbourhood is also attractive a number of families and non-students which is also increasing rental demand. Have a tenant help you bring in passive income/pay off your mortgage while you hold the property and wait for this area to continue flourishing.
If you plan to live in it or hold…
The Simon Fraser University neighbourhood is becoming increasingly popular for families, students, and couples/singles. With a number of new additions to the area, including schools, daycares, restaurants, grocery stores, and more, everything is within walking distance.
The bus station is just minutes walk away, allowing you to get to anywhere in Burnaby, Vancouver, and other areas with ease. The Peak facilities offer a wellness centre & gym for resident use, and is a luxury development that will set new standards for the area. Whether you live in it or hold the property, the Peak’s location & building allow you to enjoy your time at the Peak while also investing in your future.
BUY AT THE PEAK – 2 BED +DEN ASSIGNMENT FOR SALE
Sales at the Peak started 2 years ago BUT Bridgewell Real Estate Group has an assignment for sale at The Peak which will allow you the opportunity to purchase in this sold out development! Buy at the Peak!
- 2 bed + den unit available for assignment of contract
- 2 full baths
- Large 897 sqft functional & open floor plan
- Additional 107 sqft balcony
- 1 parking stall & 1 storage locker
- Southeast facing corner unit
- Insuite laundry!
- ONLY 15% DEPOSIT ~ $56,435 (date owed negotiable)
- $18,000 decorating allowance
- Asking price: $625,000
- Estimated completion is end of 2018 – MOVE IN BY THE END OF THIS YEAR!
Everything You need to know about the The Peak Homes at SFU
You are located in the northeastern park of Burnaby Mountain/Simon Fraser University Campus. The surrounding areas provide you SkyTrain stations bordering Coquitlam and Burnaby and plenty of shopping and amenities – from coffee shops to fitness facilities.
Completion is estimated for end of 2018. Move in or rent out soon!
Intergulf Development Group is the developer, and they have an excellent reputation building properties throughout Greater Vancouver. They have many high-rise and low-rise buildings such as The Park Metrotown, Grand Central in Coquitlam, and Kits 360. They also created developed the SFU Novo buildings in 2004. Thus, they have the experience in building that you want and need. Their buildings are also backed with a reliable 2-5-10 warranty provided through National Home Warranty.
Original deposit was $56, 435 (date owed negotiable)
The den does not have a window or a closet.
Right above Burnaby mountain, you are a bus ride away from Burquitlam Station that will give you access to SkyTrains that can bring you to the Tri-Cities, Surrey and Downtown Vancouver. You are a 5 minutes walk from UniverCity Town Square and even less to the groceries and shopping in the area.
BONUS: Laminate flooring throughout. Other units in the building come with carpeted bedrooms, but this unit has the laminate flooring upgrade for your benefit.
The building is a 17 storey, concrete building. There were 185 units for sale in this development.
RENTALS ALLOWED ~ INVESTOR ALERT. There will be no initial restrictions for rentals upon occupancy, so rentals are allowed.
Market rent: $2200/$2500 or more
(Other 2 bedrooms in area renting for $2000-$2800/mo)
This is your opportunity to purchase in a university area with a high demand for rentals, offering one of the tightest rental markets in the province! Have a renter cover your mortgage for your investment property.
This is one of the largest units, and is a large 897 sqft interior floorplan, with an additional 107 sqft balcony.
Sizes for Peak units range from a modest 824 to a large 955 square feet.
PARKING & STORAGE:
There will be 1 parking stall and 1 storage unit included with this unit in the building.
The Peak Homes at University will feature an exclusive gym and wellness centre, with 2-storeys of space dedicated to help your mind and body. There will be a conservatory for studying and group project areas. Also included will be a theatre room, games lounge, and a dining & entertainment lounge that opens onto the Panorama terrace.
Your opportunity to get in to a sold out building:
Unit 909 IS AVAILABLE TO PURCHASE!
- Asking Price: $625,000
- Estimated Time of Completion: End of 2018 ~ MOVE IN SOON!
- Facing: Southeast
- Bedrooms: 2 bedrooms (+den)
- Den: 1
- Bathrooms: 2 Full Bathrooms
- Square Footage: 897 square feet
- Balcony: 107 sqft
- Parking Stall: 1
- Storage Locker: 1
- Strata Fees: estimated $363.18
BONUS: Laminate wood flooring will be installed in all of the bedrooms and $18,000 will be credited upon completion for decorating allowance.
Interested in purchasing this unit?
Please send your offers to [email protected]
Contact your realtor or Mariko (604-765-0376) for more details!