Fourplexes for Sale in Burnaby, BC

No fourplexes in Burnaby are listed for sale on the MLS® system today. Pre-sale fourplexes in Burnaby that are not on the MLS® system are listed separately on MultiLiving, with floor plans and prices, and a new MLS® listing appears on this page the night after it is listed.

A fourplex (also called a 4plex / quadruplex) is one home in a small building, with its own front door and its own kitchen, and often a yard or patio. Unlike a condo tower, there is no shared hallway or elevator. Unlike a detached house, the land and the outside of the building are shared: most of these homes are sold as strata homes, so you hold title to your home and share the land and the upkeep with the other owners.

Often, yes. Since December 15, 2024, an insured mortgage can run for 30 years instead of 25 when your down payment is under 20 percent and either you are a first-time buyer or the home is newly built, according to the Department of Finance Canada. A brand new multiplex home meets the second test, so a buyer who has owned before can still qualify. The longer term lowers each monthly payment and raises the total interest you pay over the life of the loan.

Yes. Since November 24, 2022, no strata in British Columbia can have a bylaw that stops owners from renting out their home, according to the Province of BC. That covers almost every multiplex home, because most are sold as strata homes. A strata can still limit or ban short-term rentals, such as nightly stays, with a three-quarter vote of owners, so read the bylaws before you plan on that kind of rental.

Often not. British Columbia's Newly Built Home Exemption removes property transfer tax on a newly built home worth up to $1,100,000, with a partial exemption up to $1,150,000, according to the Province of BC. You must be a Canadian citizen or permanent resident, move in within 92 days, and live there as your main home for the first year. Above $1,150,000 you pay the normal tax, which on a $1,400,000 home is $26,000.

Yes, if you are a first-time buyer. The first-time home buyers' GST/HST rebate returns up to $50,000 of the GST on a brand new home priced at or below $1 million, according to the Canada Revenue Agency. Between $1 million and $1.5 million the rebate gets smaller, and at $1.5 million it is gone. The home must be your main home, and you must not have lived in a home that you or your spouse owned in the current year or the four years before.