“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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1-12/32
  • 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.
  • 5565 Gilpin Street in Burnaby: Deer Lake Place House for sale (Burnaby South) : MLS®# R2866972

    5565 Gilpin Street Deer Lake Place Burnaby V5H 2H8
    Main Photo: 5565 Gilpin Street in Burnaby: Deer Lake Place House for sale (Burnaby South)  : MLS®# R2866972
    $2,398,000
    Residential
    Status:
    Active
    MLS® Num:
    R2866972
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    2,400 sq. ft.
    Amazing 10,800 sqft FLAT lot w/EXCELLENT PARK views & BACK LANE, in PRIVATE & QUIET location in Prime DEER LAKE PLACE. Thanks to the size of this lot & the new "HOUSING CHOICES PROGRAM" of City of Burnaby, ENDLESS POSSIBILITIES FOR FUTURE DEVELOPMENT. (duplex, triplexes, fourplexes, rowhomes, Laneway or a Dreams Mansion) Renovation done by previous owner: newer kitchen, solid maple cabinets, roof, windows, skylight, S/S appliances, engineered H/W floor, tile, crown moulding, fireplace mantle. Bsmt bright & spacious! Private park-like backyard,, newer 2 car garage, fully fence yard w/gate. Close to Metrotown, BCIT, Deer Lake, Moscrop & Burnaby Central. This neighborhood has all the things you want for your FAMILY or INVESTMENT! More details
    Listed by Magsen Realty Inc.
  • 7433 Elwell Street in Burnaby: Highgate House for sale (Burnaby South) : MLS®# R2892937

    7433 Elwell Street Highgate Burnaby V5E 1L3
    Main Photo: 7433 Elwell Street in Burnaby: Highgate House for sale (Burnaby South)  : MLS®# R2892937
    $1,999,990
    Residential
    Status:
    Active
    MLS® Num:
    R2892937
    Bedrooms:
    7
    Bathrooms:
    3
    Floor Area:
    2,392 sq. ft.
    Rare find Corner Lot. Right across Edmonds Park. Super convenience , 3 bedrooms on main and 4 bedrooms in basement. Suitable for big family or maybe homestay. 9 mins drive to Metrotown. 5 mins drive to Edmonds Skytrain. Community Centre right across. RV parking. Excellent holding property for developing the Small scale multi-unit housing or build a laneway house for your family. More details
    Listed by 1NE Collective Realty Inc.
  • 7312 Broadway in Burnaby: Montecito House for sale (Burnaby North) : MLS®# R2951173

    7312 Broadway Montecito Burnaby V5A 1S2
    Main Photo: 7312 Broadway in Burnaby: Montecito House for sale (Burnaby North)  : MLS®# R2951173
    $2,410,000
    Residential
    Status:
    Active
    MLS® Num:
    R2951173
    Bedrooms:
    7
    Bathrooms:
    6
    Floor Area:
    3,322 sq. ft.
    This 7-bed, 6-bath rancher with a walk-out suite in North Burnaby blends modern elegance with functionality.Renovated with high-end finishes,it’s move-in ready. Car enthusiasts will love the Triple, Double, and Single garages-perfect for collections, projects, or RVs.The open-concept main floor features a stunning kitchen, ideal for entertaining. The basement suite offers endless possibilities, from a mortgage helper to multi-gen living. The large lot is laneway home-ready, offering future growth potential. located near top schools, parks, shopping & transit. this home is a rare find for families, car lovers, and investors alike!Whether you’re looking for a stylish family home, a car lover’s haven, or a property with incredible investment potential, this home checks all the boxes. More details
    Listed by Oakwyn Realty Ltd. and 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
  • 7915 Goodlad Street in Burnaby: Burnaby Lake House for sale (Burnaby South) : MLS®# R2962720

    7915 Goodlad Street Burnaby Lake Burnaby V5E 2H8
    Main Photo: 7915 Goodlad Street in Burnaby: Burnaby Lake House for sale (Burnaby South)  : MLS®# R2962720
    $2,275,000
    Residential
    Status:
    Active
    MLS® Num:
    R2962720
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,964 sq. ft.
    Bask in the beautiful natural light that pours into this mountain view meticulously maintained 5 bed 3 bath home, proudly set on a massive 10,350 (50x207) sqft lot (lane access). Move in or develop 1-6 units (check with city). The upgraded exterior & ceiling insulation, ducting, double pane windows & wood burning fireplace highlight the warmth and classic charm of the enduring oak & fir inlaid floors. Build your laneway home, complete the potential mortgage helper (2 bed separate entry walkout suite below) or develop the lot (multi-units), the options are endless when you have this much space to work with. Take full advantage of the central, quiet end of the no-through road and only a two block walk to the elementary school, Robert Burnaby Park and the high-school bus route More details
    Listed by eXp Realty
  • 6138 Carson Street in Burnaby: South Slope House for sale (Burnaby South) : MLS®# R2968058

    6138 Carson Street South Slope Burnaby V5J 2Z9
    OPEN HOUSE: May 18, 2025
    02:00 PM - 04:00 PM PDT
    Open House on Sunday, May 18, 2025 2:00PM - 4:00PM
    Main Photo: 6138 Carson Street in Burnaby: South Slope House for sale (Burnaby South)  : MLS®# R2968058
    $3,168,000
    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.
  • 8175 10th Avenue in Burnaby: East Burnaby House for sale (Burnaby East) : MLS®# R2969377

    8175 10th Avenue East Burnaby Burnaby V3N 2S5
    Main Photo: 8175 10th Avenue in Burnaby: East Burnaby House for sale (Burnaby East)  : MLS®# R2969377
    $2,688,888
    Residential
    Status:
    Active
    MLS® Num:
    R2969377
    Bedrooms:
    7
    Bathrooms:
    6
    Floor Area:
    2,759 sq. ft.
    Welcome to this beautiful home with over 2700 sq ft living on a 6800 sq ft lot. Features: double garage and detached 2 car garage potential for laneway house. TOP level has 3 BEDROOMS & 3 baths, LARGE size living and dining spice kitchen, kitchen with Island opens into family room. 2 Bedroom legal suite plus 1 bedroom mortgage helper. plus a bedroom for owner use Balcony with views and A/C/security. Walking distance to both Cariboo Hill Secondary and Second St Elementary. Close to transit and SFU. Directions: turn on 2nd St from 10th Ave then right into the alley. Close to shopping, hwy 1. A must see house with lots of parking!!! Open house Sunday March 30 2:00-4:00pm More details
    Listed by Planet Group 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
    $1,950,000
    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.
1-12/32
Data was last updated May 14, 2025 at 04:40 PM (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.