Various fluid phase equilibria happen in solvent-aided steam-assisted gravity drainage (SA-SAGD). An appropriate fluid model is a prerequisite for reservoir simulation, SA-SAGD operation analysis, and the design of various phase behavior experiments. Computational thermodynamics is a powerful tool for phase behavior studies in this application. We used the Cubic Plus Association Equation of State (CPA EoS) to predict equilibrium properties due to the presence of molecules with highly directional attractive forces. Calibration of the thermodynamic model is performed by parametrizing its unknown parameters versus two-phase equilibrium data. The model’s prediction capability of three-phase experimental data is evaluated, and it is used to construct the phase diagram of water/multicomponent solvent and water/multicomponent solvent/bitumen systems. For the water/multicomponent solvent system, the Txy diagram is obtained at 25 bar, and various phase equilibria regions are specified. These phase regions are presented on ternary diagrams for water/multicomponent solvent/bitumen systems at 25 bar and 475 K, 480 K, and 485 K. The steam/solvent coinjection analysis shows that at the same pressure, temperature, and steam/solvent composition, the multicomponent solvent/steam coinjection yields more aqueous phase compared to pure solvent/steam. This results in the transfer of more latent heat to bitumen, significantly contributing to its viscosity reduction. Analysis of the SA-SAGD operating conditions shows that a multicomponent solvent outperforms pure solvents in promoting steam condensation. The results aids in designing experiments, reducing the risk of failure of experiments, and saving time and resources in phase behavior studies.