“Multi-Generational Homes in Burnaby”

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Burnaby is one of the fastest-growing cities in Metro Vancouver, making it an attractive place for multi-family real estate investment. With increasing demand for housing, close proximity to SkyTrain lines, and major commercial hubs like Metrotown and Brentwood, Burnaby offers strong potential for rental income and long-term value.

Great Opportunity

High-Demand Neighbourhoods for Multi-Family Investment

  • Metrotown: High density, top rental rates, near shopping & transit.

  • Brentwood: Rapid growth, major new developments, excellent future upside.

  • Edmonds: More affordable, emerging market, rezoning potential.

  • Burnaby Heights Established community, good mix of older and newer duplexes.

Multi-Family Homes For Sale

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1-12/45
  • 6614 Strawson Street in Burnaby: Deer Lake House for sale (Burnaby South) : MLS®# R2920007

    6614 Strawson Street Deer Lake Burnaby V5E 1W6
    Main Photo: 6614 Strawson Street in Burnaby: Deer Lake House for sale (Burnaby South)  : MLS®# R2920007
    $2,380,000
    Residential
    Status:
    Active
    MLS® Num:
    R2920007
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,905 sq. ft.
    **INVESTOR ALERT** DEER LAKE, the most prestigious area in Burnaby. A big lot, 57x122, with 4 bedrooms and 2 bathrooms, this home offers ample space for both comfortable living and investment. Its featuring a laneway and great views, provides a unique opportunity for future development, including the potential to add a laneway house for extra income. A beautiful fenced backyard with a pond, flowers and shrubs give you relaxing privacy. Newer high efficiency furnace and hot water tank. New roof done on 2009. 3 min walk to Deer Lake trails. School Catchment: Brantford Elementary and Burnaby Central Secondary. More details
    Listed by RE/MAX Westcoast
  • 6025 Dickens Street in Burnaby: Upper Deer Lake House for sale (Burnaby South) : MLS®# R2848869

    6025 Dickens Street Upper Deer Lake Burnaby V5H 1W6
    Main Photo: 6025 Dickens Street in Burnaby: Upper Deer Lake House for sale (Burnaby South)  : MLS®# R2848869
    $2,068,000
    Residential
    Status:
    Active
    MLS® Num:
    R2848869
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    2,700 sq. ft.
    PRIME LOCATION IN BURNABY SOUTH! Upper Deer Lake! Semi Corner home 3beds up & 2beds down w/tremendous updates. Modern, contemporary with newly stained HARDWOOD flooring thru-out! Main kitchen is fully renovated w/ Caesar Stone Quartz counter tops, stainless steel appliances, stone wall tile, floor to ceiling cabinets, custom extra long drawers for double the amount of storage, 5'x7' island overlooking the open concept living room with fireplace. Huge backyard with nice covered deck. Main floor features enclosed sun room with French doors. New 2 bedroom basement suite w/ its own laundry & separate entrance. Plumbing & electrical are updated thru-out w/ newer high efficiency gas furnace & water tank. See potential with the laneway home program w/city of BBY. More details
    Listed by Nu Stream Realty Inc.
  • 4628 Westlawn Drive in Burnaby: Brentwood Park House for sale (Burnaby North) : MLS®# R2949531

    4628 Westlawn Drive Brentwood Park Burnaby V5C 3R1
    Main Photo: 4628 Westlawn Drive in Burnaby: Brentwood Park House for sale (Burnaby North)  : MLS®# R2949531
    $3,188,000
    Residential
    Status:
    Active
    MLS® Num:
    R2949531
    Bedrooms:
    6
    Bathrooms:
    5
    Floor Area:
    4,003 sq. ft.
    Renovation Just Done! This stunning Mediterranean-inspired villa offers nearly 4,000 sq. ft. of living space, including 6 bedrooms, 5 bathrooms, and a separate 2-bedroom in-law suite. Enjoy 700 sq. ft. of outdoor lanai living off the main floor. The grand tiled foyer leads to an open floor plan with a living room, family room, chef’s kitchen with stainless steel appliances, den, and French wrought iron doors to the lanai. Features include crown moldings, hardwood floors, and Italian ceramic tile. The full in-law suite downstairs and ample parking complete this perfect home, located within walking distance to Amazing Brentwood Mall, Whole Foods, and daycare. air-conditioner and electric radiant floor heating are available. Potential for a laneway house. More details
    Listed by RE/MAX Crest Realty
  • 6173 Aubrey Street in Burnaby: Parkcrest House for sale (Burnaby North) : MLS®# R2958336

    6173 Aubrey Street Parkcrest Burnaby V5B 2C9
    Main Photo: 6173 Aubrey Street in Burnaby: Parkcrest House for sale (Burnaby North)  : MLS®# R2958336
    $4,388,000
    Residential
    Status:
    Active
    MLS® Num:
    R2958336
    Bedrooms:
    9
    Bathrooms:
    10
    Floor Area:
    5,480 sq. ft.
    Experience luxury living on a peaceful street with this stunning home! The high-end kitchen is a chef’s dream, perfect for creating memorable meals. The property features a spacious family room and a separate living room, ideal for cozy gatherings or entertaining guests. Enjoy movie nights in the dedicated theatre room or unwind with friends in the stylish bar area. Upstairs, you’ll find four generously sized bedrooms, each with its own private ensuite bathroom, offering ultimate comfort and privacy. Conveniently located near Brentwood Mall, multiple golf courses, Simon Fraser University, and the Skytrain, this home makes daily living a breeze. Plus, it’s a fantastic investment opportunity with a 2-bedroom laneway house and a 2-bedroom suite that can generate additional rental income. More details
    Listed by Laboutique Realty
  • 5854 Burns Place in Burnaby: Upper Deer Lake House for sale (Burnaby South) : MLS®# R2962343

    5854 Burns Place Upper Deer Lake Burnaby V5H 1X1
    Main Photo: 5854 Burns Place in Burnaby: Upper Deer Lake House for sale (Burnaby South)  : MLS®# R2962343
    $2,198,000
    Residential
    Status:
    Active
    MLS® Num:
    R2962343
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    2,619 sq. ft.
    Prime development potential meets rental opportunity in this expansive 8,776 sqft property in Upper Deer Lake. With 5 bedrooms and 3 bathrooms, this home offers ample space for both comfortable living and investment. The large lot, featuring a laneway, provides a unique opportunity for future development, including the potential to add a laneway house for extra income. Currently generating $9,000 per month in rental income, this property is located in a highly sought-after neighborhood, promising both immediate appeal and significant long-term value growth. A rare find for investors and homebuyers alike! More details
    Listed by LeHomes Realty Premier
  • 6138 Carson Street in Burnaby: South Slope House for sale (Burnaby South) : MLS®# R2968058

    6138 Carson Street South Slope Burnaby V5J 2Z9
    Main Photo: 6138 Carson Street in Burnaby: South Slope House for sale (Burnaby South)  : MLS®# R2968058
    $2,999,000
    Residential
    Status:
    Active
    MLS® Num:
    R2968058
    Bedrooms:
    9
    Bathrooms:
    7
    Floor Area:
    4,172 sq. ft.
    Welcome to this 2022 custom-built residence nestled in Burnaby's coveted South Slope neighborhood. This expansive home offers 9 beds and 7 baths, thoughtfully designed to accommodate both comfort and luxury. Experience year-round comfort with radiant floor heating and central AC. The spacious kitchen is bathed in natural light, offering picturesque views and equipped with high-end appliances. Additional soundproofing materials have been installed within bedroom walls and basement areas to ensure a serene living environment. 2-BEDS legal basement suite with separate entrance serves as an ideal mortgage helper. The property features a private backyard with lane access and potential laneway house of over 1,200 SQFT, w/ power and water supply line prepared. Minutes walk to bus station. More details
    Listed by Nu Stream Realty Inc.
  • 7993 Edmonds Street in Burnaby: Burnaby Lake House for sale (Burnaby South) : MLS®# R2970021

    7993 Edmonds Street Burnaby Lake Burnaby V3N 1C1
    Main Photo: 7993 Edmonds Street in Burnaby: Burnaby Lake House for sale (Burnaby South)  : MLS®# R2970021
    $2,699,999
    Residential
    Status:
    Active
    MLS® Num:
    R2970021
    Bedrooms:
    7
    Bathrooms:
    3
    Floor Area:
    2,820 sq. ft.
    Builder Alert!! Check with of city of Burnaby. This large 8140 sqft flat corner lot (55'x148') is within 400 meters of the Frequent transit network area AND with laneway access is eligible for a maximum of 6 residential units and built to a maximum of 4 storeys with new SSMUH legislation. This home also offers endless potential and awaits your creative vision for charming 1955-built, two-level 2820 sqft home with 7 bedrooms and 3 baths, 2 kitchens, separate entrances and MOUNTAIN VIEW. Owner has lovingly maintained this home over 22 years and is ready for your personal touch.Few steps to Robert Burnaby Park, close to Lakeview Elementary and Burnaby Central Sec. Central location! Short drive to Highgate village, BCIT and SFU. Move in now and develop later. Call for your private viewing. More details
    Listed by eXp Realty
  • 3737 Dubois Street in Burnaby: Suncrest House for sale (Burnaby South) : MLS®# R2973110

    3737 Dubois Street Suncrest Burnaby V5J 1K9
    Main Photo: 3737 Dubois Street in Burnaby: Suncrest House for sale (Burnaby South)  : MLS®# R2973110
    $1,850,000
    Residential
    Status:
    Active
    MLS® Num:
    R2973110
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    1,866 sq. ft.
    Located in the sought-after Suncrest neighborhood, this property offers a 4-bedroom, 2-bathroom home on a 51x132 ft south-facing lot. Situated in the FTNA (Frequent Transit Network Area) designated area, this property holds great future development potential. With tenants on both floors, it’s an excellent holding investment generating steady rental income.The home features a walk-out basement, a fully fenced backyard with lane access (great for large laneway home). Conveniently close to schools, parks, Metrotown, and SkyTrain. A rare chance to invest in Burnaby’s future—don’t miss out! Open House Saturday March 15, 2 to 4 pm. More details
    Listed by Royal Pacific Realty (Kingsway) Ltd.
  • 4 5115 Buxton Street in Burnaby: Forest Glen BS Duplex for sale (Burnaby South) : MLS®# R2975283

    4 5115 Buxton Street Forest Glen BS Burnaby V5H 1J7
    Main Photo: 4 5115 Buxton Street in Burnaby: Forest Glen BS Duplex for sale (Burnaby South)  : MLS®# R2975283
    $1,780,000
    Residential Income
    Status:
    Active
    MLS® Num:
    R2975283
    Bedrooms:
    4
    Bathrooms:
    6
    Floor Area:
    1,644 sq. ft.
    2 Storey +basement laneway house in South Burnaby. Price is for one side unit. The Estimate completion will be end of June. The Price is including GST. More details
    Listed by Sutton Group-West Coast Realty (Surrey/24)
  • 3 5115 Buxton Street in Burnaby: Forest Glen BS Duplex for sale (Burnaby South) : MLS®# R2975281

    3 5115 Buxton Street Forest Glen BS Burnaby V5H 1J7
    Main Photo: 3 5115 Buxton Street in Burnaby: Forest Glen BS Duplex for sale (Burnaby South)  : MLS®# R2975281
    $1,780,000
    Residential Income
    Status:
    Active
    MLS® Num:
    R2975281
    Bedrooms:
    4
    Bathrooms:
    6
    Floor Area:
    1,644 sq. ft.
    2 Storey +basement laneway house in South Burnaby. Price is for one side unit. The Estimate completion will be end of June. The Price is including GST. More details
    Listed by Sutton Group-West Coast Realty (Surrey/24)
  • 5808 Portland Street in Burnaby: South Slope House for sale (Burnaby South) : MLS®# R2977673

    5808 Portland Street South Slope Burnaby V5J 2R8
    Main Photo: 5808 Portland Street in Burnaby: South Slope House for sale (Burnaby South)  : MLS®# R2977673
    $1,599,900
    Residential
    Status:
    Active
    MLS® Num:
    R2977673
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    1,212 sq. ft.
    Nestled in the highly sought-after South Slope neighborhood, this Cul-de-sac home with nearly 9,000 Sq.Ft lot (66'W x 131'D) presents endless possibilities for builders, investors, and homeowners looking to maximize their investment. Situated on a quiet, tree-lined street with stunning south-facing views, this property is a rare find in Burnaby’s most desirable areas. With the latest SSMUH policies allowing for laneway homes & multi-unit development, this lot offers an incredible opportunity to build a dream home with additional income potential or develop multiple units to meet the growing demand for housing. Enjoy easy access to highly-rated school, parks, Metrotown, and transit, all while capitalizing on the immense value of this prime lot. Don't miss out on this great investment! Offer More details
    Listed by Nu Stream Realty Inc.
  • 7345 Braeside Drive in Burnaby: Westridge BN House for sale (Burnaby North) : MLS®# R2977959

    7345 Braeside Drive Westridge BN Burnaby V5A 1G2
    Main Photo: 7345 Braeside Drive in Burnaby: Westridge BN House for sale (Burnaby North)  : MLS®# R2977959
    $2,880,000
    Residential
    Status:
    Active
    MLS® Num:
    R2977959
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    2,562 sq. ft.
    Breathtaking Mountain & Ocean Views – A Private Oasis! Nestled on a spacious 1/4-acre lot, this property offers stunning panoramic views of the mountains and ocean, creating a truly serene and picturesque setting. Imagine waking up to majestic mountain peaks and glistening ocean waves, all from the comfort of your own private retreat. This beautifully updated property offers the potential for redevelopment, with the option to rebuild or transform it into a 1-to-4-unit development. Recent Renovations: 2020 – Installed a new furnace 2024 – Upgraded back laneway 2025 – New hot water tank & partial tile renovation Don’t miss this rare opportunity to own a home that seamlessly blends privacy, tranquility, and breathtaking views! Open house: Sat 3/29, 2-4pm. More details
    Listed by RE/MAX Crest Realty
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Data was last updated July 1, 2025 at 08:40 AM (UTC)

Multi-Generational Family Homes

Experts predict that the number of multi-generational households will continue to rise as all levels of government work to make it easier to build or renovate smaller homes on existing family properties.

According to the province of B.C., outdated zoning regulations have, for decades, limited new housing to either condos or single-family homes—options that are now financially out of reach for many first-time buyers.

Sharing large houses or building backyard homes can make financial and practical sense.

What is a multi-generational home?

Multi-generational living is not a new concept. For centuries, many cultures have valued the way it fosters strong connections between older and younger generations.

Today, its growing popularity goes beyond just sharing expenses. Contributing factors include an aging population and increased immigration from countries—particularly in Asia—where multi-generational households are a longstanding tradition.

Common Types of Multi-Family Properties in Burnaby

  • Duplexes & Fourplexes

    • Found in many established neighbourhoods like Deer Lake, Burnaby Heights, and Edmonds.

    • Ideal for house hacking or small-scale investing.

  • Purpose-Built Rental Buildings

    • Larger developments specifically built for long-term rentals.

    • Often located near commercial centres and transit.

  • Burnaby Laneway Homes

    Burnaby’s neighbourhoods are evolving, thanks to the city’s forward-thinking Housing Choices program, which is paving the way for more laneway houses, coach homes, and semi-detached suites.

    Also known as carriage homes, laneway houses are small, self-contained dwellings built in the backyard of a primary residence, typically facing the lane. These compact units can provide valuable rental income for homeowners or offer a comfortable living space for extended family members.

    Curious about how a laneway house could work for you? Discover the benefits and opportunities this flexible housing option can bring!

  • See New Burnaby House Design Library 

Why Invest in Multi-Family Real Estate in Burnaby?

  • Proximity to Transit: SkyTrain lines (Expo & Millennium) make Burnaby highly accessible.

  • Strong Rental Demand: A growing population and limited supply create consistent tenant demand.

  • Rezoning Opportunities: Certain areas in Burnaby are being upzoned for higher-density housing, increasing property values.

  • Education & Employment: SFU, BCIT, and major tech companies draw students and professionals who rent.

Things to Consider About Multi-Family Homes

  • City of Burnaby Zoning Rules: Multi-family development is regulated by zoning bylaws. Check RM (Residential Multiple Family) zones for eligibility.

  • Property Taxes: Generally higher for multi-family homes than single-family.

  • Strata vs. Freehold: Condos have strata fees; purpose-built rentals or duplexes are usually freehold with more flexibility.