Fourplex for Sale in Vancouver: Prices, Neighbourhoods & Listings (2026)

A fourplex in Vancouver costs between $1.6M and $2.5M as of April 2026, depending on neighbourhood, lot size, and completion stage. Fourplexes are the most popular multiplex type for owner-occupiers because the math works: live in one unit, rent three, and offset $4,000–$6,000 per month in mortgage costs.

Why Fourplexes Are the Sweet Spot

Fourplexes occupy a unique position in Vancouver's housing market. They're the largest configuration that qualifies for CMHC-insured mortgages with 5% down (owner-occupied), the most common new-build multiplex type, and the best balance of purchase price to rental income. A typical Vancouver fourplex generates $6,000–$9,000/month in gross rental income from three tenant units at current market rents.

Under Bill 44, fourplexes are permitted on any residential lot in Vancouver without requiring transit proximity. This means every former single-family neighbourhood is eligible, unlike fiveplexes and sixplexes which require lots within 800m of frequent transit.

Fourplex Prices by Neighbourhood

Hastings-Sunrise: $1.6M–$2.0M. The most inventory. Land averages $1.9M with build costs of $390/sqft. A typical 3,200 sqft fourplex on a standard lot runs about $1.8M all-in for pre-sale.

Kensington-Cedar Cottage: $1.6M–$1.9M. Similar pricing to Hastings-Sunrise with slightly smaller lots. Strong rental demand from families and Commercial Drive workers.

Marpole: $1.7M–$2.2M. Premium for Canada Line proximity. Larger lots allow more generous unit sizes. Marine Drive station gives 15-minute downtown commute.

Renfrew-Collingwood: $1.6M–$1.8M. Best value with SkyTrain access. Joyce-Collingwood station makes this area attractive for tenants, keeping vacancy low.

Killarney: $1.5M–$1.7M. Lowest fourplex prices in Vancouver. Trade-off is weaker transit (bus only) and lower Walk Score (68). Good for buyers prioritizing lowest entry price.

The Fourplex Financial Breakdown

Here's a realistic example for a $1.8M fourplex in Hastings-Sunrise:

Purchase price: $1,800,000

Down payment (5% CMHC): $90,000

CMHC insurance premium: $68,400 (4% of mortgage)

Total mortgage: $1,778,400

Monthly payment (4.5%, 25yr): ~$9,800/month

Property tax + insurance: ~$1,200/month

Total monthly cost: ~$11,000/month

Rental income (3 units @ $2,100): $6,300/month

Net monthly cost to owner: ~$4,700/month

That's a $4,700/month housing cost for a brand-new home in a walkable Vancouver neighbourhood. Compare that to $3,500–$4,000/month for a one-bedroom condo mortgage downtown, and the fourplex starts to look like the better deal — especially since you're building equity in a $1.8M asset.

How to Finance a Fourplex

CMHC insures owner-occupied buildings up to 4 units with 5% down. The key advantage: lenders count 50–80% of rental income from the other three units toward your qualification. On a $1.8M fourplex with $6,300/month in projected rent, that's $3,150–$5,040/month in additional qualifying income. First-time buyers also get the $50,000 GST rebate on new builds and can use the $60,000 RRSP Home Buyers' Plan.

Pre-Sale Fourplexes in Vancouver

There are currently 8 fourplex-specific pre-sale projects active in Vancouver, concentrated in East Vancouver. Pre-sale pricing runs 5–10% below completed equivalents, with deposits of 15–25% over 12–24 months. Completion timelines average 18–24 months. BC's REDMA legislation gives pre-sale buyers a 7-day rescission period to review and cancel without penalty.

Should You Buy a Fourplex in Vancouver?

If you want to own a home in Vancouver, offset your mortgage with rental income, and build equity in a growing asset class — a fourplex is the strongest option available in 2026. East Vancouver neighbourhoods offer the best economics, CMHC financing makes the entry accessible, and the rental market supports the math. The market has cooled from 2024's frenzy, which means less competition and better pricing for buyers who are ready to move.