Resale value
How the new rules affect what a home is worth.
Multiplex zoning gives a lot options. It does not automatically make the lot worth more, because buyers pay for what is realistically buildable, financeable and sellable — and the costs above can eat the upside on the wrong lot.
In practice, the things that make added-unit potential credible to a buyer are concrete: a documented lot area, lane access, flat ground, services that don’t need major upgrades, no title restriction, and a city that has confirmed in writing what it will accept. A legal, permitted suite with records is a different asset from a basement that was finished without permits.
When I price a home, I start from comparable sales and then look at whether its suite or added-unit potential is documented and practical. If you are selling a lot that suits a laneway home or a small multiplex, the strongest step is to gather the evidence — survey, title search, zoning summary, any city correspondence — before you list. If you’re weighing a sale, a 20-minute home-evaluation (Equity Map) call is the place to start.
If you are looking at combining lots rather than adding units to one, see land assembly in the Tri-Cities. For income-property math, see the Coquitlam Investment Property Guide and Multi-Family Investing in Coquitlam.