Latest / The Canadian Real Estate Investor
Why Vancouver's Multiplex Builders Sell Instead of Hold
We are joined by Theorem Development founders & owners Faizan & Suraj who break down their business for us.
A real multiplex deal, broken down: Suraj walks through a recent East Vancouver fourplex project from start to finish — $2M land acquisition, $2M construction, $350K in soft costs, and $6M in total sales revenue, delivering roughly 40% annualized return on invested capital to their citizen developer client.
The biggest roadblocks holding back supply: From BC Hydro transformer upgrades that can cost $120K+ and delay projects by over a year, to 6–10 month permitting timelines…
The skinny
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