From $5M to $6.3M: How One South Granville Family Maximized Their Property Value
A South Granville family turned their $5M property into $6.3M equity—a $1.3M gain (26% increase)—by co-developing 6 units instead of selling outright. They kept 2 homes (for themselves and their adult child) and sold 4 units at $1.8M each. For more projects like this, browse the case studies page.
TL;DR (Key Takeaways)
- Starting value: $5M (12,000+ sq ft lot, 66 ft frontage)
- Final equity: $6.3M ($1.3M gain, 26% increase)
- Units built: 6 homes (~1,500 sq ft each)
- Units retained: 2 (owner + adult child)
- Units sold: 4 at $1.8M each = $7.2M revenue
- Development cost: $4.5M total
- Key design: Shared interior courtyard for privacy and family connection
- Owner involvement: Zero—no construction management, permits, or hassle
A family in South Granville, Vancouver approached us with a simple question: “Is there a smarter way to sell this property?”
Their 12,000+ sq ft lot (66 ft frontage, inside lot) was worth $5M on the open market.
But under Vancouver’s multiplex zoning changes, they could now build 6 units, and that opened the door to a very different outcome. If you’re curious what we actually do from start to finish, the services page explains the process.
What We Did
🏠 Designed 6 new homes, each ~1,500 sq ft
🏡 They kept 2 units (one for themselves, one for their adult child)
💰 Sold the remaining 4 units at $1.8M each
We designed the layout around a shared interior courtyard — creating a private, family-friendly space right in the heart of the city.
That kind of smart design adds livability AND value.
The Numbers
| Metric | Amount |
|---|---|
| As-Is Property Value | $5M |
| Development Cost | $4.5M |
| Total Sales Revenue | $7.2M |
| Retained Home Value | $2.4M |
| Final Equity Position | $6.3M |
| Net Gain | $1.3M (26% more than selling as-is) |
The Best Part: No Hassle for the Family
They didn’t have to:
- ❌ Manage construction
- ❌ Deal with permits
- ❌ Lift a finger
That’s what co-development makes possible. This family now owns a brand-new home in their original neighborhood… plus a second home for their kids.
The Smart Design Advantage
The shared interior courtyard wasn’t just aesthetically pleasing — it was strategically brilliant:
- Privacy: Created a secluded family space in urban Vancouver
- Community: Fostered connection between family units
- Value: Premium design commands premium prices
- Livability: Outdoor space without leaving the property
Your Turn: What’s Your Lot Worth?
Want to know what your lot could be worth under the new rules?
Try our tool → vanplex.ca/webinar
Enter your address and instantly see:
- ✅ Lot viability
- ✅ Projected profits
- ✅ Buildable square footage
- ✅ Total return on equity
The Bottom Line
You only get one chance to sell your home.
Make sure you know all your options before you do.
Would you take $5M now?
Or $6.3M + two brand-new homes?
This South Granville family made their choice. What’s yours?
Ready to Explore Your Options?
Every property is unique, and every family’s situation is different. If you’re curious about what co-development could mean for your property, we’re here to help you explore the possibilities.
Let’s talk. 👇
Tagged: #VancouverRealEstate #SouthGranville #MultiplexZoning #MissingMiddle #Bill44 #Vanplex #CoDevelopment #WealthPreservation #FamilyHousing
