1 3438 TRIUMPH STREET · Fourplex

1 3438 TRIUMPH STREET is a 4-unit fourplex in Vancouver, BC, asking $1,199,000 — $299,750 per door.

That sits below the Vancouver band of $700k - $1.6M per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. Vancouver cap rates screen 2.0% - 3.5% against average rent near $3,150 a door.

At 4 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Vancouver is usually a policy and land-value thesis, not a current-income market under standard leverage. Investor demand reads very high, vacancy very tight.