Case Study
Richmond Fourplex with Laneway Suite
Address-first feasibility led to a phased preconstruction program and GMP alignment for a fourplex plus laneway suite in Richmond.
Richmond, BC Fourplex + Laneway Suite
Estimated Profit
$1.05M – $1.28M
Hard Cost Band
$1.72M – $1.88M
Projected Sale Price
$1.29M / unit
Summary
- Free plan surfaced servicing upgrades and frontage constraints before design spend.
- Permit-readiness checklist coordinated architect, structural, and survey milestones.
- Builder GMP locked within 2% of budget band prior to permit submission.
Highlights
- Estimated Profit $1.05M – $1.28M
- Hard Cost Band $1.72M – $1.88M
- Projected Sale Price $1.29M / unit
Timeline Snapshot
Feasibility + Plan
36 hours
Design + Readiness
9 weeks
Construction
15 months
Next Steps
- Issue tender set to trade partners two months before permit issuance.
- Coordinate laneway suite finish selections with brokerage to align with buyer demand.
- Prepare lease-up plan in parallel with completion schedule.
Information is advisory; not legal, permitting, or zoning approval.
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