About VanPlex - Vancouver Multiplex Development Leaders
We are Vancouver's premier multiplex development company, helping homeowners transform their single-family properties into profitable Vancouver multiplex developments. Our expert team maximizes property value through R1-1 zoning conversions while creating new housing opportunities across Metro Vancouver.
Vancouver Multiplex Development Expertise
VanPlex was founded by a team of award-winning real estate and construction professionals who recognized the tremendous opportunity created by Bill 44 and British Columbia's new R1-1 zoning laws allowing multiplex development in Vancouver on single-family lots. Our team includes experts in financing, construction management, and urban planning who specialize in Vancouver multiplex conversions.
We saw that while these changes created enormous potential for Vancouver homeowners, most lacked the expertise, connections, and resources to navigate the complex process of converting single-family homes to multiplexes. That's where VanPlex comes in—we provide comprehensive multiplex development services in Vancouver from feasibility analysis to construction completion.
Our mission is to guide homeowners through every step of the Vancouver multiplex conversion journey, from initial property assessment to final unit sales, ensuring they maximize the value of their property while contributing to missing middle housing solutions in their community. With our proprietary Vancouver Multiplex Index analyzing over 86,000 properties, we provide data-driven insights for every project.
Our Vision
We envision a future where single-family lots are transformed into beautiful, sustainable multiplexes that increase housing supply, build wealth for homeowners, and create vibrant communities.
Create housing opportunities in established neighborhoods
Help homeowners unlock property value and build wealth
Promote sustainable, energy-efficient housing developments
Support local economies through construction projects
Proven Founders. Proprietary Platform.
David Babakaiff
Co-Founder & CEO
- Serial Entrepreneur: Co-Founded & led Etho Power Ltd. (BC Corp), scaling proprietary industrial alternate energy solutions with $5M+ sales across Canada, USA, and Australia - delivering 30% energy efficiency gains through industrial waste conversion.
- Built Woodland Group of Companies Inc. (BC Corp), optimizing forestry logistics, risk management, and lumber production for 9+ years, streamlining $10M+ annual throughput while cutting supply-chain waste by 25%.
- Over 25 years scaling construction companies in British Columbia, with a focus on capital efficiency and project delivery. While a regional and unit franchisee at Alair Homes, he grew an eight-figure office overseeing Alair's lower mainland residential and multiplex builds annually.
- Past VP of the Canadian Home Builders' Association (CHBA) interior BC Chapter, bridging government and industry at the provincial level.
- Winner of the 2024 Home Builders Association of Vancouver Award for best mid-density multiplex unit, recognized for pioneering multiplex units.
- Manages private capital-backed growth models, financing projects in the Vancouver Multiplex Index and the $100M Multiplex Acquisition Program.
- Combines high-ROE first executions with investor-focused capital discipline, positioning VanPlex to bridge institutional capital with high-performing residential development.
Dr. Mehdi Mirzaaghaei
Co-Founder & CTO
- Ph.D. in Computer Science (University of Lugano, Switzerland) with postdoctoral research at UBC. 18+ years architecting large-scale distributed systems and cloud platforms.
- Former Senior Engineer at Amazon Web Services, delivering Gen-AI features (real-time summarization, information extraction) integrated with AWS Bedrock.
- Architected a company-wide microservices payments platform at Amazon FinTech, increasing transaction throughput by 30% and accelerating safe deployments.
- Built and operated multi-region OpenSearch infrastructure across 13 AWS regions, powering search for millions of users.
- Introduced microservices architecture at SAP Analytics Cloud and shipped a large-scale service that enhanced natural-language search relevance.
- Founder of RealSaige, a PropTech platform automating seller lead generation for real estate professionals.
- Creator of VanPlex's AI underwriting and deal-discovery engine, surfacing 100%+ ROE multiplex opportunities daily with automated zoning and comparables validation.
Backed by a network of independent, award-winning builders, AIBC-registered architects, and trusted lenders—contracted on a project basis for seamless execution.
BC's Multiplex Legislation
British Columbia has implemented groundbreaking zoning changes to address the housing crisis, allowing single-family lots to be developed into multiplexes. This legislative shift creates tremendous opportunities for property owners.
Key Legislative Changes:
- • Single-family lots can now be developed into multiplexes with 3-6 units. For projects with 5 or more units, a registered architect is required under the Architects Regulation.
- • Net Zero energy efficiency bonuses allow for increased building size
- • Streamlined permitting processes for multiplex developments
- • Reduced parking requirements in transit-accessible areas
Ready to Unlock Your Property's Potential?
Take the first step toward transforming your single-family home into a profitable multiplex development.