Multiplex Property Investment
On The Point Design is well versed in the zoning by-laws regarding multiplexes. A multiplex is a building with 2 or more units inside with one unit above another unit at some point. Let us guide you in determining the best property to purchase to achieve your development goals. Our Property Development Report & Investment Outline covers the below:
Site Selection for Investment Properties
Size of land, location, and permitted uses
Applicable zoning by-laws for the subject property
Site features to work around such as trees, steep slopes, shared driveways, right-of-ways or easements
External authorities governing the lot such as TRCA, RNFP, TTC, Metrolinx, etc.
Proximity to public transit, shopping and services
For adding laneway or garden suites, the distance to the nearest fire hydrant and firefighting access path determine the feasibility of adding a suite
Choosing the Right Property Type for Rental Income
Wider lots can have the feasibility to sever them into 2 or more lots
Longer lots can accommodate a laneway or garden suite in the backyard
Multiplex configurations from 2 to 6 units and height potential to 3 storeys tall
Unit layouts can be one per floor, back-to-back, stacked, etc.
The site plan and cross section below outlines some of the factors to be reviewed to determine the feasibility of a multiplex and laneway or garden suite on the property.
Contact us below today and we’ll tell you if your property is suitable for a multiplex development!