# Multi-Family Investing in Coquitlam

> Coquitlam's multi-family inventory ranges from purpose-built duplexes to 4-plex and small apartment buildings. Cap rates and operating models differ from…

**Source:** https://soldbycraig.ca/multifamily-investing-coquitlam/  
**Author:** Craig Johnston, REALTOR® (BC Licence V99960) · The MACNABS · Royal LePage Elite West  
**Site:** https://soldbycraig.ca

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Coquitlam · Multi-family

## Multi-family investing in Coquitlam — the operator's read.

Coquitlam's multi-family inventory ranges from purpose-built duplexes to 4-plex and small apartment buildings. Cap rates and operating models differ from single-family residential. Here is what experienced operators look for.

[Book a Strategy Call](/book-a-strategy-call-with-craig-johnston/)
[Call Craig — 604-202-6092](tel:+16042026092)

Quick Answer

What should you know about Multifamily Investing Coquitlam?

Coquitlam's multi-family inventory ranges from purpose-built duplexes to 4-plex and small apartment buildings. Cap rates and operating models differ from… **Craig Johnston, Top 1% Team Member — Greater Vancouver REALTORS®** and 47+ year Tri-Cities resident, can walk you through the local context. Free Strategy Call ends with a written one-page plan in 24 hours.

Multi-family · Coquitlam

## Coquitlam multi-family — what to verify before you buy.

Multi-family in Coquitlam typically means duplex, triplex, or 4-plex residential buildings. Apartment buildings (5+ units) trade as commercial properties with different financing rules. Below is the framework.

### Zoning permits multi-family

Specific zones (RM-1, RM-2, RM-3, RT-1, etc.) permit multi-family development. The zoning bylaw governs whether a property can be operated or built as multi-family.

### Recent BC zoning changes (2024)

BC's small-scale multi-unit housing (SSMUH) legislation requires municipalities to permit 3-4 units on most single-family lots. Coquitlam has rezoned. This materially expands multi-family inventory potential.

### Cap rates

Coquitlam multi-family typically trades at 3.5-5.0% cap. Higher than single-family residential due to more involved operations.

### Financing

5+ unit buildings trade as commercial: typically 25-35% down, commercial mortgage rates (1-2% above residential), longer underwriting cycles.

### Property management

Multi-family typically requires professional property management ($120-$250/month per unit or 8-10% of gross rent).

### Tenant quality and vacancy

Multi-family vacancy in Coquitlam has historically been low (1-2%) given the rental supply shortage. Tenant quality varies by neighbourhood and building age.

### Major operating expense lines

Property tax, insurance, maintenance, utilities (typically owner-paid for water/garbage; tenants pay electricity), property management fees, vacancy reserve, capital improvement reserve.

### Common Coquitlam multi-family submarkets

Maillardville (older 1960s-1980s small apartment buildings, lower price/door, higher cap rates), Austin Heights, North Coquitlam (newer purpose-built rental). Burke Mountain primarily detached/townhome — less multi-family inventory.

## Talk to a Coquitlam REALTOR® who knows.

Craig Johnston is a 47-year Coquitlam resident and licensed REALTOR® at The MACNABS, Royal LePage Elite West. Top 1% Team Member — Greater Vancouver REALTORS®. Talk through your specific situation — no pressure, no obligation.

[Book a Strategy Call](/book-a-strategy-call-with-craig-johnston/)
[Call 604-202-6092](tel:+16042026092)
[Email Craig](mailto:Craig@SoldByCraig.ca)

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