Unlock Home Equity in Burnaby Through SSMUH Multiplex Development
Burnaby's SSMUH zoning gives homeowners a new path to convert $1.4M+ in property value into $400K-$900K of realized equity — while keeping a unit for yourself.
Burnaby's equity opportunity under SSMUH
Burnaby's adoption of SSMUH guidelines means most R1-zoned properties can now support 3-6 dwelling units. For homeowners sitting on lots valued between $1.4M and $2.2M, this policy change transforms a single aging home into a multi-unit asset worth significantly more.
- Average Burnaby R1 lot value: $1.6M — land accounts for 75-85% of total assessment
- SSMUH allows 3-4 units on standard lots, up to 6 on larger or transit-adjacent lots
- Completed multiplex value: $3.5M-$5.5M depending on unit count and finishes
- Net equity creation after construction costs: $400K-$900K
Burnaby equity scenario
Case: Burnaby Heights 40' x 120' R1 Lot
- Current home value: $1.55M (land: $1.3M, structure: $250K)
- SSMUH build: 4 units, 4,200 sq ft total
- Construction cost: $1.85M (including soft costs)
- Total project cost: $2.05M (land equity used as contribution)
- Completed value: $4.4M (4 units at $1.1M avg)
- Equity created: $550K after retaining one unit
Why SSMUH beats traditional equity options in Burnaby
A HELOC on a $1.55M Burnaby home might give you access to $600K-$800K — but as debt you must repay. A reverse mortgage erodes your estate over time. SSMUH development creates entirely new value:
- HELOC: Borrow $600K-$800K at 6-7% interest — monthly payments of $3,500-$4,700
- Reverse mortgage: Access $500K-$700K but compound interest reduces inheritance
- SSMUH multiplex: Create $400K-$900K in new equity plus optional $6,000-$12,000/month rental income
FAQs
What is SSMUH and how does it help Burnaby homeowners?
Small-Scale Multi-Unit Housing (SSMUH) is Burnaby's framework allowing up to 4-6 units on single-family lots. It lets homeowners develop their property into multiple units, creating substantial new equity.
How much equity can a Burnaby multiplex create?
Typical Burnaby lots valued at $1.4M-$2.2M can generate $400K-$900K in new equity through SSMUH development, depending on lot size and number of units built.
Can I use my existing Burnaby home equity to finance the build?
Yes. Most lenders accept your existing land value as equity contribution toward construction financing, reducing or eliminating the need for additional cash down payment.
Check your Burnaby property's equity potential
Enter your Burnaby address to see how much equity SSMUH development could unlock.