Multiplex Housing Cost in Vancouver 2026: 3–6 Unit Development Guide
Building a Multiplex in Vancouver Under New Zoning
Vancouver’s 2024 Multiplex policy allows 3–8 unit buildings as-of-right on most RS-zoned lots. This has opened significant development potential for landowners — but the economics require careful analysis.
Multiplex Construction Costs in Vancouver
| Units | Est. Total Floor Area | Construction Cost |
|---|---|---|
| 3-plex (with lane suite) | 3,500–4,500 sq ft | $1.2M–$1.8M |
| 4-plex | 4,000–5,500 sq ft | $1.5M–$2.2M |
| 6-plex (stacked) | 5,500–7,500 sq ft | $2.0M–$3.2M |
| 8-plex (max allowed) | 7,000–9,000 sq ft | $2.5M–$4.0M |
Development Cost Levies for Multiplexes
Multiplex DCLs in Vancouver: approximately $15,000–$25,000 per unit. A 6-plex incurs $90,000–$150,000 in DCLs alone, plus soft costs (design, permits, financing). Total development cost for a 6-plex including land: $4.5M–$7M+.
Revenue Analysis: Strata vs Rental
- Strata sale: 3-bed unit in East Van: $1.2M–$1.8M. 6-plex gross revenue: $6M–$9M.
- Rental income: 3-bed unit rental: $3,200–$4,500/month. 6-plex gross: $19,200–$27,000/month.
Development economics in most Vancouver neighbourhoods support multiplex development for larger lots (7,000 sq ft+) with good land values. Smaller standard lots (4,000–5,000 sq ft) have tighter margins.
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→ See also: Vancouver Renovation Planning Guide
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