Best Burnaby Multiplex Properties: High-ROI Lot Selection
How to identify Burnaby's highest-return multiplex lots — including transit proximity analysis, lot selection criteria, and the top areas delivering the best returns today.
The transit proximity multiplier
In Burnaby, transit proximity is the single most impactful factor for multiplex ROI. A lot within 400m of SkyTrain unlocks the 6-unit density bonus, reduced parking requirements, and rental/sale premiums that collectively add 25-40% to project returns compared to non-transit lots.
Within 400m of SkyTrain
- 6 units allowed
- 0.5 parking spaces per unit
- 10-15% rental premium
- 15-20% sale price premium
- ROE: 18-22%
Beyond 400m
- 3-4 units allowed
- 1.0 parking space per unit
- Standard market rents
- Standard sale prices
- ROE: 14-18%
Top Burnaby areas for multiplex development
Edmonds (near SkyTrain)
Most affordable transit-adjacent land in Burnaby. Strong rental demand from Edmonds Town Centre employment. Large lots with lane access common. Currently the best value transit lot in the city.
Royal Oak area
Growing neighbourhood with SkyTrain access. Land costs still reasonable compared to Metrotown. Good mix of lot sizes. Increasingly popular with families seeking modern housing.
Brentwood corridor
Premium rental area near Brentwood Town Centre. SkyTrain access commands top rents and sale prices. Higher land costs but strongest absolute returns. Professional tenant base.
Burnaby Heights
Character neighbourhood with established amenities. Good lot sizes and lane access. No transit density bonus, but strong sale prices and stable demand. Lower risk profile.
FAQs
What makes a high-ROI Burnaby lot?
Transit proximity for 6-unit allowance, 36+ foot frontage, lane access, and location in high-demand rental areas like Metrotown, Brentwood, or Edmonds.
How much value does SkyTrain add?
25-40% additional ROI through higher density allowance, rental premiums, sale price premiums, and reduced parking costs.
Which areas are best right now?
Edmonds for best value transit lots, Royal Oak for growing demand, Brentwood for premium returns, Burnaby Heights for lower risk.
Evaluate any Burnaby property
Enter a Burnaby address to see transit proximity, SSMUH eligibility, unit potential, and projected ROI.