Triplex for Sale in Vancouver: Prices, Neighbourhoods & What to Expect in 2026

Triplexes for sale in Vancouver range from $1.4M to $2.2M as of April 2026, with the strongest buyer activity in Hastings-Sunrise, Kensington-Cedar Cottage, and Marpole. A triplex gives you three separate units on one lot — typically the owner lives in one and rents the other two, offsetting $4,000–$6,400/month in mortgage costs.

Vancouver’s Bill 44 zoning reform allows triplexes on virtually every residential lot in the city. This has opened up neighbourhoods that were previously single-family only, creating new triplex inventory in areas with strong transit access and established amenities.

Vancouver Triplex Prices by Neighbourhood

Pricing varies significantly by location. Here’s what buyers are seeing in April 2026:

Hastings-Sunrise: $1.4M–$1.8M — Most active corridor with 66 land sales in 2025. Walk Score 82, SkyTrain-adjacent. Average land cost $1.9M, build cost $390/sqft.

Kensington-Cedar Cottage: $1.5M–$1.9M — Family-friendly with strong rental demand near Commercial-Broadway SkyTrain. Walk Score 78.

Marpole: $1.4M–$1.7M — Canada Line access with lower land costs ($1.6M avg). Strong fourplex economics translate to competitive triplex pricing.

Renfrew-Collingwood: $1.5M–$1.9M — SkyTrain-adjacent with 6-unit zoning near transit stations. Walk Score 80, Transit Score 80.

Killarney: $1.4M–$1.6M — Most affordable East Van entry point. Land from $1.5M, build cost $375/sqft.

Why Buy a Triplex Instead of a Duplex or Fourplex?

A triplex hits a sweet spot for owner-occupiers. With two rental units (vs one in a duplex), your rental income covers a larger share of your mortgage. But unlike a fourplex, a triplex typically has a simpler strata structure and lower overall purchase price.

Financial comparison for a typical Vancouver triplex:

Purchase price: $1.65M

Down payment (20%): $330,000

Mortgage payment (4.5%, 25yr): ~$7,300/month

Rental income (2 units × $2,800): $5,600/month

Net monthly cost after rent: ~$1,700 + strata/insurance

Compare that to a single-family home at the same price point: you’d be paying the full $7,300/month plus property taxes with zero rental offset.

Pre-Sale vs Resale Triplexes

About 40% of Vancouver triplexes on the market are pre-sale — meaning construction hasn’t completed yet. Pre-sale triplexes typically cost 5–10% less than comparable completed units, with deposit structures of 15–25% paid over 12–24 months.

Pre-sale advantages: lower entry price, new construction warranty (2-5-10 year), GST rebate eligibility (up to $50K), and choice of finishes. Pre-sale risks: construction delays, market shifts before completion, and inability to physically inspect before committing.

BC’s 7-day rescission period under REDMA protects pre-sale buyers — use it to have a lawyer review the disclosure statement.

How to Find Triplex Listings in Vancouver

MultiLiving is Vancouver’s dedicated multiplex marketplace. Every listing is a verified triplex, duplex, fourplex, or larger multiplex project — not a generic MLS feed. Browse by neighbourhood, compare pricing, and access developer details and floor plans.

Start with the Vancouver triplex listings for current inventory, or check the pre-sales page for upcoming projects. For neighbourhood-level data, the where-to-buy guide ranks every Vancouver area by land price, transit access, and rental yields.

What to Check Before Buying

Strata fees and bylaws: Triplex stratas are small (3 owners). Check the bylaws for rental restrictions, pet policies, and maintenance responsibilities. Small stratas mean each owner has significant influence — which is good, but also means disputes are personal.

Unit layout: The owner’s unit should be the largest or best-positioned. Check ceiling heights (basement units in older conversions can be tight), natural light, and sound insulation between units.

Rental income verification: If buying a completed triplex with existing tenants, verify actual rental income against the listing claims. Check BC Tenancy Branch records for any disputes.

Insurance: Multiplex strata insurance in Vancouver averages $2,400–$3,600/year per unit. Get quotes before finalizing your budget.