Vancouver Multiplex Prices by Neighbourhood: Complete 2026 Buyer’s Map

Vancouver multiplex prices vary by up to 80% depending on neighbourhood — from $1.2M in Killarney to $2.5M+ in Kitsilano and Kerrisdale. As of April 2026, the five most active multiplex neighbourhoods by transaction volume are Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, Marpole, and Killarney.

This guide breaks down pricing by neighbourhood so buyers can compare entry points, rental yields, and growth potential across the city.

East Vancouver: Best Value for Multiplex Buyers

Hastings-Sunrise

Price range: $1.4M–$2.2M | Land: $1.9M avg | Build: $390/sqft | Walk: 82 | Transit: 78

Vancouver’s most active multiplex corridor with 66 land sales in 2025. The combination of relatively affordable land, strong transit (Hastings bus corridor plus nearby SkyTrain), and established commercial strips makes this the default choice for first-time multiplex buyers. Rental yields average 3.5–4.5%.

Kensington-Cedar Cottage

Price range: $1.4M–$2.1M | Land: $1.75M avg | Build: $385/sqft | Walk: 78 | Transit: 72

Family-friendly neighbourhood with strong rental demand driven by proximity to Commercial-Broadway — Metro Vancouver’s busiest transit hub.

Renfrew-Collingwood

Price range: $1.5M–$2.2M | Land: $1.7M avg | Build: $385/sqft | Walk: 80 | Transit: 80

SkyTrain-adjacent with 6-unit zoning potential near Joyce-Collingwood and Renfrew stations. The transit scores here are the highest in East Van.

Killarney

Price range: $1.2M–$1.8M | Land: $1.5M avg | Build: $375/sqft | Walk: 68 | Transit: 62

The most affordable entry point in Vancouver proper. Ideal for buyers prioritizing cash flow over walkability.

Marpole

Price range: $1.4M–$2.0M | Land: $1.6M avg | Build: $380/sqft | Walk: 74 | Transit: 70

Canada Line access at Marine Drive station gives Marpole direct connections to downtown (15 min) and YVR airport (10 min).

West Side: Premium Pricing, Premium Returns

Kitsilano

Price range: $2.2M–$3.0M+ | Land: $3M–$4M | Build: $420/sqft | Walk: 88 | Transit: 75

Vancouver’s most desirable beach neighbourhood commands premium prices but also premium rents. A triplex in Kits can generate $8,000–$10,000/month in rental income.

Kerrisdale

Price range: $2.0M–$2.8M | Land: $3M–$4M | Build: $410/sqft | Walk: 82 | Transit: 70

Established affluent neighbourhood with strong schools. Multiplex development here is newer, with fewer completed projects to compare against.

Dunbar-Southlands

Price range: $2.0M–$2.6M | Land: $2.8M–$3.5M | Build: $400/sqft | Walk: 72 | Transit: 55

Quieter west side neighbourhood with UBC proximity. Lower transit scores mean car-dependent tenants.

How to Use This Data

For maximum rental yield: Focus on East Vancouver (Killarney, Hastings-Sunrise, Kensington). Lower purchase prices with strong rental demand produce the best cash-on-cash returns.

For long-term appreciation: Renfrew-Collingwood and Marpole offer the best combination of current value and growth potential.

For lifestyle + investment: Kitsilano and Kerrisdale let you live in a premium neighbourhood while rental income offsets a significant portion of your mortgage.

For first-time buyers: Killarney and Edmonds (Burnaby) offer the lowest entry points with CMHC-insured mortgage eligibility at 5% down.

All pricing reflects April 2026 market conditions. Check MultiLiving for current listings and verified pricing in each neighbourhood.