investment properties
MULTIPLEX PROGRAM
why multi-tenant houses are needed
As part of the HousingTO Action Plan, the City is committed to making Toronto a place where families and individuals can live in safe, well-maintained, and affordable housing with respect and dignity, providing equal opportunities for all. Ensuring a diverse range of housing options in every neighborhood is crucial for everyone to have a safe home. Multi-tenant houses serve a variety of Toronto residents, including those with low incomes and equity-deserving groups. Access to quality, safe, and affordable housing is a key social determinant of health and is fundamental to creating vibrant, inclusive neighborhoods and complete communities.
NEW regulations
DIVE INTO Toronto’s NEW Regulations for Multi-Tenant Housing
HOW TO GET STARTED
HOW IT WORKS
To buy, convert, and rent or sell a multiplex: first, find and purchase a suitable property with secured financing and complete the sale; second, plan, design, obtain necessary permits, and carry out the construction and renovation; finally, market the finished property, screen potential tenants or buyers, and manage the property if renting or finalize the sale.
BUY
Identify a property ideal for conversion into a multiplex by evaluating location, zoning laws, and market demand; secure financing through a mortgage or construction loan with SETT Construction’s assistance; and complete the purchase and finalize the sale.
BUILD
Work with SETT Construction to transform your luxury home into a multiplex investment property by creating a space-maximizing layout with architects, securing all necessary permits, and hiring contractors to complete the renovation on time and within budget.
SELL TO CASH OUT OR RENT
Once your multiplex is built and ready for occupancy, the options are endless: you can sell it, keep it and rent out the units, or refinance it to maximize its potential as an investment property.
HOW TO BENEFIT
The Value of Multiplex Homes
The new regulatory framework aims to ensure multi-tenant houses in Toronto are safer and provide affordable housing options citywide. It promotes complete communities by offering diverse housing opportunities for various incomes and needs.
Key benefits include:
- Citywide standards for multi-tenant houses, ensuring consistency in room numbers and parking.
- Enhanced licensing requirements for operators to enhance tenant health and safety.
- New standards for multi-tenant houses, including those offering personal care.
- Robust enforcement and compliance measures, with annual inspections and increased fines to uphold standards and introduce a new Multi-Tenant House Licensing Tribunal
MULTI-GENERATIONAL HOME
Build your MULTI-GENERATIONAL home
Transforming your home into a multiplex is not only a smart investment but also offers the significant advantage of creating a multi-generational living space. This setup allows grandparents, parents, children, and grandchildren to live together under one roof, fostering closer family bonds and providing mutual support. With separate units, each generation can enjoy privacy while still being part of a connected family environment. This versatile living arrangement not only enhances family dynamics but also ensures a comfortable, secure, and cohesive living experience for everyone involved.
GRANDPARENTS
PARENTS
CHILDREN
GRANDCHILDREN
Time to START your next project
Fill out the form to get a free estimate on your next project.