Multiplex for Sale in Vancouver: What's Available in 2026

As of April 2026, there are over 20 verified multiplex listings for sale in Vancouver, BC, ranging from $1.2M for a duplex to $2.8M+ for a sixplex. The most active neighbourhoods for multiplex sales are Hastings-Sunrise, Kensington-Cedar Cottage, and Marpole, where Bill 44 zoning reform has opened virtually every residential lot to multi-unit development.

This guide breaks down what's actually available, what you'll pay, and where the best opportunities are for buyers looking at multiplex homes in Vancouver right now.

Vancouver Multiplex Market Overview: April 2026

Vancouver's multiplex market has matured significantly since Bill 44 passed in late 2023. The City has received 497 multiplex applications as of January 2026, with permit processing times improving from 8.4 months to 6.2 months. Land sales dropped from 124 in 2024 to 46 in 2025 — a correction that has actually benefited buyers by softening prices 10–15% from peak in several East Vancouver neighbourhoods.

The pipeline is shifting from speculative land purchases to completed or near-completion projects hitting the market. Buyers now have real comparables instead of projections, making it easier to evaluate pricing.

Price Ranges by Property Type

Duplex (2 units): $1.2M–$1.8M. The most affordable entry point. East Vancouver duplexes start around $1.2M, while west side units push past $1.5M. Most are new construction on former single-family lots.

Triplex (3 units): $1.4M–$2.2M. Growing segment as developers maximize lot potential. Typical configuration is three 2-bedroom units on a standard 33-foot lot.

Fourplex (4 units): $1.6M–$2.5M. The sweet spot for investor-occupiers. Owner-occupying one unit while renting three can offset $4,000–$6,000/month in mortgage costs. Hastings-Sunrise and Renfrew-Collingwood have the most fourplex inventory.

Fiveplex/Sixplex (5–6 units): $1.9M–$2.8M+. Requires lots within 800m of frequent transit under Bill 44. Concentrated near SkyTrain stations and frequent bus corridors. Higher price but best rental income potential.

Top 5 Neighbourhoods for Multiplex Buyers

1. Hastings-Sunrise — 66 land sales in 2025 at $1.9M average. The undisputed leader in multiplex activity. Walk Score 82, frequent bus service on Hastings Street, and proximity to the PNE/Hastings Park. Best for: buyers wanting the most mature market with proven comparables.

2. Kensington-Cedar Cottage — $1.75M average land price. Family-friendly with strong rental demand near Commercial-Broadway SkyTrain. Diverse dining scene along Kingsway. Best for: multi-generational families.

3. Marpole — $1.6M average land price. Canada Line access at Marine Drive station gives 15-minute commute to downtown. Larger lot sizes support 6-unit builds. Best for: buyers wanting transit + larger configurations.

4. Renfrew-Collingwood — $1.7M average land price. SkyTrain access at Joyce-Collingwood and Renfrew stations. One of Vancouver's most diverse neighbourhoods. Best for: transit-dependent buyers on a tighter budget.

5. Killarney — $1.5M average land price. The most affordable entry point in East Vancouver. Quieter residential feel, strong schools. Best for: first-time multiplex buyers seeking lowest price.

Pre-Sale vs. Completed: What Should You Buy?

Vancouver currently has 12 active and 8 upcoming multiplex pre-sale projects. Pre-sale buyers lock in today's pricing with typical deposits of 15–25% paid over 12–24 months, with completion in 18–24 months. The trade-off: you wait for construction and accept some market risk.

Completed or near-completion multiplexes are available for immediate occupancy. Pricing is 5–10% higher than pre-sale equivalents, but you know exactly what you're getting — no construction delays, no surprises. For first-time buyers, completed units also simplify mortgage financing since lenders can appraise a finished building.

Financing a Multiplex Purchase

CMHC-insured mortgages are available for owner-occupied multiplexes up to 4 units with as little as 5% down. Most lenders count 50–80% of projected rental income toward qualification, which significantly increases buying power. First-time buyers can claim up to $50,000 in GST rebates on new construction and withdraw up to $60,000 from RRSP under the Home Buyers' Plan.

Burnaby offers an alternative for buyers priced out of Vancouver — land costs run 10–15% lower with comparable SkyTrain access. See our Burnaby multiplex guide for details.

The Bottom Line

Vancouver's multiplex market in 2026 is the most buyer-friendly it's been since Bill 44 launched the boom. Land prices have corrected, permit times are improving, and real inventory is hitting the market. East Vancouver — particularly Hastings-Sunrise, Kensington-Cedar Cottage, and Marpole — offers the best combination of price, transit, and proven demand. Whether you're buying pre-sale to lock in pricing or purchasing a completed unit for immediate occupancy, the data points to more choice and better value than buyers had 18 months ago.