Build Your Retirement Income with a Burnaby SSMUH Multiplex
Your Burnaby home can fund your retirement. SSMUH development turns your single-family lot into $6,000-$12,000/month in passive rental income — or a significant lump sum from unit sales.
Burnaby's SSMUH retirement advantage
Burnaby's SSMUH policy now allows 3-6 units on most R1 lots. For homeowners approaching retirement, this means your property — often your largest asset — can be transformed into a reliable income stream without selling or moving away from your community.
- Average Burnaby R1 lot: $1.6M in value, mostly locked in land
- SSMUH build cost for 4 units: $1.7M-$2.1M including all soft costs
- Monthly rental income (3 units rented): $7,500-$10,500 gross
- Transit-adjacent lots near Metrotown or Brentwood command premium rents of $2,800-$3,500/unit
Burnaby retirement income scenario
Case: Capitol Hill 45' x 120' R1 Lot, Owner Age 58
- Current home value: $1.65M
- SSMUH build: 4 units (3-bed townhomes), 4,400 sq ft
- Construction cost: $1.95M (financed against land equity)
- Owner keeps ground-floor accessible unit, rents 3 units
- Monthly rental income: 3 x $2,700 = $8,100 gross
- Net after mortgage, insurance, maintenance: ~$4,800/month
- Annual retirement supplement: $57,600 — combined with CPP/OAS totals $85K+/year
Best Burnaby areas for rental retirement income
- Metrotown area: Highest tenant demand, rents $2,800-$3,500/unit, strong appreciation
- Brentwood/Lougheed: Growing SkyTrain corridor, young professional tenants, rents $2,500-$3,200
- Edmonds: Family-oriented rentals, stable tenancy, rents $2,400-$2,900
- Burnaby Heights: Walkable neighbourhood, charming streets, rents $2,500-$3,000
- Capitol Hill: Larger lots, family demand, rents $2,400-$2,800
FAQs
How much retirement income can a Burnaby SSMUH multiplex provide?
A 4-unit SSMUH multiplex can generate $6,000-$10,000/month gross. After keeping one unit, expect $4,000-$7,500/month net from the remaining units.
Is Burnaby SSMUH a good retirement strategy for homeowners over 55?
Yes. SSMUH development can be completed in 18-24 months, meaning homeowners aged 55-65 can have rental income flowing well before traditional retirement age.
What Burnaby neighbourhoods work best for retirement multiplex income?
Areas near SkyTrain stations (Metrotown, Brentwood, Edmonds) command the highest rents. Burnaby Heights and Capitol Hill also perform well for family-sized units.
Check your Burnaby property's retirement income potential
Enter your Burnaby address to see projected rental income and retirement scenarios.