?? Vancouver Multiplex Case Study: A Smart Pivot That Maximized Profit
David Babakaiff
Unlock Wealth from Your Home: How to Turn Your House into a Multiplex for Profit | Award winning Multiplex and Multi-Generational Homes | Known for Premium Construction & Development | Devoted to Family
Thinking about converting your property into a multiplex? Here’s a lesson you don’t want to miss!
Our client in Vancouver’s Westside has a 33' wide lot with an older house, perfectly eligible for a 4plex conversion. On paper, the numbers looked incredible—high profits and a logical plan. But as I always say, “the numbers don’t lie, but they don’t tell the whole truth either.”
Here’s what we discovered:
The target buyers for this neighborhood—older adults downsizing from large homes and families with children—wanted 3-bedroom units with upscale finishes, private yards, and patios. A traditional 4plex design would have produced mostly 2-bedroom units, missing the mark for this market.
The Pivot That Paid Off
By adjusting the design to a tri-plex with the same overall square footage, we catered directly to what buyers wanted. The result?
? Higher price per square foot for 3-bedroom units
? A faster, more profitable sale
? A project tailored to the neighborhood’s demand
The Key Lesson: Start with the market buyer in mind, then design for success.
If you’re planning a multiplex conversion, understanding the market is essential. It’s not just about maximizing units—it’s about maximizing value.
Ready to Learn More?
Join me on LinkedIn Live, January 29th, where I’ll dive deeper into this case study and share actionable lessons for homeowners and realtors alike.
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