Develop, multiplex & missing-middle

Turn one lot into several homes.

Venture Pacific partners with Metro Vancouver and the Fraser Valley homeowners and investors to develop multiplex and missing-middle housing under BC's SSMUH rules. You contribute the land; Venture Pacific brings capital, design, permits, and construction, and carries the construction risk. You keep ownership and share the proceeds at completion.

Metro Vancouver and the Fraser Valley multiplex construction typically runs $350 to $550 per square foot. A free feasibility review gives you numbers specific to your lot.

Contemporary multiplex homes in Metro Vancouver and the Fraser Valley

Development projects

Why it works

What a GP/LP partnership actually means for you.

Most homeowners exploring development assume they need to either sell the land outright or finance the build themselves. A GP/LP partnership is a different structure, one built for people who have valuable land but do not want to take on the full risk and complexity of a construction project alone.

In the partnership, you contribute your land as equity and become the Limited Partner. Venture Pacific acts as the General Partner, providing the capital, design, permitting, and construction management. The construction risk, the possibility that the project costs more or takes longer than planned, sits with us, not with you. That is one of the core terms, set out in writing before anything starts.

At completion, the proceeds are shared according to the agreed terms. The exit might be a strata sale of the finished homes, or a refinance and hold as secured rental. We model both outcomes during the feasibility review so you understand the numbers before you decide to proceed.

If a project doesn't make financial sense for your lot, because of servicing constraints, an unusable footprint, or a market condition that makes the numbers tight, we tell you that plainly. A project that doesn't pencil is not one we pursue.

We develop multiplexes across Metro Vancouver and the Fraser Valley, including Vancouver, Burnaby, Richmond, Surrey, North Vancouver, Coquitlam, New Westminster, and Langley. Each city has its own zoning framework under BC's SSMUH rules, the number of homes your lot supports and the permit path depend on where it sits. See city-by-city rules

Before you commit

What if my lot doesn't qualify?

Not every Metro Vancouver and the Fraser Valley lot supports a viable multiplex. A lot might be too narrow for a building that meets setbacks and parking requirements. The servicing infrastructure, water, sewer, electrical, might need an expensive upgrade to carry multiple homes. The financial model might simply not produce a return that justifies the effort.

Our feasibility review is designed to surface those limits early, before you invest in architects, lawyers, or engineering reports. We confirm what the zoning allows, what the site can physically hold, and whether the numbers support going forward. If they don't, we explain why.

The initial conversation is free and carries no obligation. From that conversation we can usually tell you whether the lot is worth a more detailed review, and a detailed review is part of how we assess partnership projects where the early read is positive. You do not pay for that assessment separately.

What is missing middle housing?

Missing middle housing is a range of multi-unit home types, triplexes, fourplexes, sixplexes, and townhomes, that sit between a single detached house and a large apartment building. In Metro Vancouver and the Fraser Valley, BC's Bill 44 / SSMUH legislation now allows these forms on most residential lots that previously permitted only one home.

What does SSMUH mean?

SSMUH stands for Small-Scale Multi-Unit Housing, BC's provincial framework introduced under Bill 44 that requires all municipalities to allow 3 to 4 homes on most residential lots, and up to 6 near frequent transit, without a rezoning application. Most cities in Metro Vancouver and the Fraser Valley adopted compliant bylaws by January 2024.

Do I need a rezoning to build a multiplex in Vancouver?

No, for most standard lots in Vancouver's R1-1 zone, you do not need a rezoning. Three to four strata homes are permitted outright on most standard lots. Six units are allowed on larger lots or those within a block of frequent transit, as secured rental only. You go directly to a building permit, which saves 12 to 18 months compared to a rezoning process.

Where we develop

City-by-city multiplex rules

Each Metro Vancouver and the Fraser Valley city has its own zoning framework under BC's SSMUH rules. The number of homes your lot can support, and the permit path, depends on where it sits.

Prefer to build or renovate one home?

We also build and renovate custom homes.

Our award-winning Build side handles new custom homes, major renovations, heritage restorations, and high-performance builds.

Explore Build

Ready when you are

Find out what your land could become.

A free, no-obligation feasibility conversation about the multiplex potential of your property.