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Multifamily MLS® Listings | Vancouver Real Estate

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New
3040 Wellington Street, Port Coquitlam

$2,598,000

3040 Wellington Street, Port Coquitlam

8 Beds 4 Baths 3,542 SqFt Multi-Family MLS® # R2884439

Stilhavn Real Estate ServicesReal Estate Board of Greater Vancouver Logo

New
14062 103 Avenue, Surrey

$2,250,000

14062 103 Avenue, Surrey

6 Beds 2 Baths 1,728 SqFt Multi-Family MLS® # R2884211

RE/MAX City RealtyReal Estate Board of Greater Vancouver Logo

New
10620 142 Street, Surrey

$1,599,900

10620 142 Street, Surrey

4 Beds 2 Baths 1,751 SqFt Multi-Family MLS® # R2882557

Century 21 Coastal Realty Ltd.Real Estate Board of Greater Vancouver Logo

New
280 B Street, Abbotsford

$1,199,900

280 B Street, Abbotsford

6 Beds 3 Baths 2,596 SqFt Multi-Family MLS® # R2881192

eXp Realty (Branch)Real Estate Board of Greater Vancouver Logo

New
2923 W 5th Avenue, Vancouver

$2,599,000

2923 W 5th Avenue, Vancouver

7 Beds 4 Baths 3,176 SqFt Multi-Family MLS® # R2882082

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

New
7832 115 Street, Delta

$1,799,000

7832 115 Street, Delta

10 Beds 4 Baths 4,596 SqFt Multi-Family MLS® # R2880213

Royal LePage Global Force RealtyReal Estate Board of Greater Vancouver Logo

New
19438 Hammond Road, Pitt Meadows

$1,799,900

19438 Hammond Road, Pitt Meadows

6 Beds 4 Baths 2,702 SqFt Multi-Family MLS® # R2881965

eXp RealtyReal Estate Board of Greater Vancouver Logo

New
3982 Pender Street, Burnaby

$1,649,000

3982 Pender Street, Burnaby

3 Beds 3 Baths 1,244 SqFt Multi-Family MLS® # R2881952

Stonehaus Realty Corp.Real Estate Board of Greater Vancouver Logo

3347 W 8th Avenue, Vancouver

$3,448,000

3347 W 8th Avenue, Vancouver

9 Beds 3 Baths 2,992 SqFt Multi-Family MLS® # R2881255

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

2333 Collingwood Street, Vancouver

$1,998,000

2333 Collingwood Street, Vancouver

4 Beds 3 Baths 2,542 SqFt Multi-Family MLS® # R2881205

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

8702 154 Street, Surrey

$1,690,000

8702 154 Street, Surrey

4 Beds 2 Baths 1,456 SqFt Multi-Family MLS® # R2879014

eXp Realty (Branch)Real Estate Board of Greater Vancouver Logo

3568 E Pender Street, Vancouver

$1,900,000

↓ $200,000

3568 E Pender Street, Vancouver

6 Beds 4 Baths 3,086 SqFt Multi-Family MLS® # R2880257

Macdonald RealtyReal Estate Board of Greater Vancouver Logo

# 201,203 37765 Third Avenue, Squamish

$1,699,000

# 201,203 37765 Third Avenue, Squamish

4 Beds 4 Baths 2,008 SqFt Multi-Family MLS® # R2879772

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

# 1340 & 1342 Zenith Road, Squamish

$3,568,000

# 1340 & 1342 Zenith Road, Squamish

10 Beds 12 Baths 5,305 SqFt Multi-Family MLS® # R2879629

RE/MAX City RealtyReal Estate Board of Greater Vancouver Logo

2245 W 15th Avenue, Vancouver

$2,899,000

2245 W 15th Avenue, Vancouver

6 Beds 4 Baths 2,973 SqFt Multi-Family MLS® # R2879588

RE/MAX Select PropertiesReal Estate Board of Greater Vancouver Logo


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Investing in multifamily properties in Vancouver and the Lower Mainland is an enticing venture for many real estate investors. The region's thriving economy, growing population, and appealing urban amenities create a strong demand for housing, making multifamily investments a lucrative endeavor.

Types of Multifamily Properties

Various types of multifamily properties are available in this region, each catering to different investor preferences and market segments.

Apartment Buildings

These are large-scale properties with numerous rental units. They cater to a broad tenant base, offering varied amenities like parking, security, and sometimes recreational facilities.

Condominiums

Condominiums are individual ownership units within a larger building or complex. They appeal to both renters and owner-occupants, providing a blend of community living and private ownership.

Townhouses

Townhouses are multi-level residences sharing walls with neighboring units. They often come with small yard spaces and communal amenities.

Duplexes, Triplexes, and Fourplexes

These smaller multifamily properties offer a more intimate living environment and are ideal for investors looking to start with a smaller scale investment.

Pros of Investing in Multifamily Properties

Steady Income

With multiple units for rent, multifamily properties provide a steady, reliable income stream which is often higher than that of single-family residences.

Economies of Scale

The cost per unit for maintenance, repairs, and property management is often lower compared to single-family homes, thanks to economies of scale.

Appreciation Potential

The value of multifamily properties tends to appreciate over time, especially in thriving urban areas like Vancouver and the Lower Mainland.

Portfolio Diversification

Investing in multifamily properties allows for portfolio diversification, spreading risk across multiple units instead of relying on a single tenant.

Cons of Investing in Multifamily Properties

High Initial Investment

The upfront cost of acquiring multifamily properties can be high, often requiring substantial capital or financing arrangements.

Management Intensity

Managing multifamily properties can be time-consuming and challenging, especially when dealing with multiple tenants, maintenance issues, and property improvements.

Market Sensitivity

The multifamily property market can be sensitive to economic conditions. Factors like employment rates and population growth can significantly impact occupancy rates and rental income.

Liquidity Concerns

Converting multifamily properties into liquid assets can be more challenging compared to single-family homes, especially in slower real estate markets.

Conclusion

Investing in multifamily properties in Vancouver and the Lower Mainland presents a plethora of opportunities and challenges. Understanding the local market dynamics, types of multifamily properties, and the associated pros and cons is crucial for making informed investment decisions. With proper due diligence and management, multifamily properties can be a solid addition to one’s real estate investment portfolio, providing both current income and potential for capital appreciation.