How To Convert 1 Home Into 5 | Toronto's New Multiplex Policy | ADUs | Garden Suites
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- Опубліковано 4 чер 2024
- Toronto’s exciting new multiplex housing policy now allows detached, semi-detached and even townhomes across the entire city to be converted into 4 separate legal units.
In this video we get into the rules and regulations, special considerations, and even cover what kinds of properties are ideal for this type of conversion.
0:00 - Intro
1:07 - What is Toronto's New Multiplex Policy? (EHON)
2:09 - Benefits of Multiplex Policy?
3:33 - Multiplex Requirements & Bylaws
5:53 - What is a Zoning Applicable Law Certificate?
6:48 - Financing your Multiplex Conversion
8:50 - Housing types Suitable for Multi-Unit Conversions
10:13 - Outro
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EHON: www.toronto.ca/city-governmen...
www.toronto.ca/city-governmen...
By details: www.toronto.ca/legdocs/bylaws...
Zoning Applicable Law Certificate: www.toronto.ca/services-payme...
Co-Ownership: www.gocosolutions.com/
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IMPORTANT* This guide is intended for informational purposes only. DO NOT rely on the information in this guide for any real estate transactions. Since every property is unique, you must perform your own due diligence with the City and with a professional consultant. Suite Additions Inc., and its affiliates are not liable for any loss as a result of information you receive in this guide.
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Great video and explanations, thank you!
Another great video and details. I'm always watching these to educate myself. Are there any videos on the garden suite/ARUs for city of Cambridge?
I enjoy your concise videos. Do you have any that show an attached two car garage conversion to a rental living unit?
Thank you. I don't have any examples but that's a great option as well.
Sorry you don’t need the background music
I really like your videos. They are well done and informative. The one complaint I have is that the background music makes it hard to hear what you are saying.
Thank you for the feedback
Awesome work . How or where can I buy plans to be able to have a contractor build what I need in my town
Great video. Do you have any video explaining the cost of multi rental unit conversation? Isn't the financing option not feasible because of high interest rate ?
Great idea for a future video!
Toronto is to expensive for first time buyers that’s the problem. I find ottawa, Windsor and Edmonton affordable. Which would you recommend ? And do they have this policies too?
Windsor has great progressive policies and much cheaper housing
@@suiteadditions thanks dude love your work my only issue is location. in regard to income to house prices toronto is WAY overvalued 23:1 while Windsor is 9:1 ! any video you made in dealing with banks that when you turn a house into a duplex you can use the added equity value for a downpayment on a second home?
Ottawa has become far from affordable, when you consider the lower wages and proportionally lower high paying careers it can actually feel more expensive the many larger cities
It’s too expensive due to shit like this being presented in this video lol
@@kyleclement2015 I mean Ottawa suburbs. An hour away has some great deals. In Toronto even two hours away the prices are similar than downtown!
@2.30 hey that’s my property.
Amazing! 🙏
Excellent videos, you need the background music
A great introu video! Unit means kichen+bath+parking etc. Original building will be smashed down and rebuilt? If you could take some examples, it would be better. thanks again!
You can demo building or keep it. We generally like to keep existing building.
@@suiteadditions thank you so much. I wonder do you have an example to build a garden suit on a pie shape land? thanks again
Nice
4 units are exempt from Dev charges. But what if the building being built is 5units. Do 4 of the units get exempted? Or does Dev charges apply to all 5 at that point?
I believe it's only up to 4 units in the main house and 5th unit is exempt only if it is a detached unit.
Is this only for Toronto or applicable to Oshawa as well?
Toronto only as far as I know but other cities have similar policies.
Hey Suite Additions team! Hope you guys are doing well. We have a channel with over 45k subscribers primarily doing lifestyle content focusing on producing content within the Korean demographic. We want to start getting more into the real estate/real estate development market and would love to collaborate with you guys to create some content together! Please feel free let us know thanks !
Please reach out to me at contact@suiteadditions.com and we can discuss further. Thanks!
and also 8 vehicles per bulding...
Until the LTB backlog catches up, getting into the landlord game is very high risk. Amateur landlords are bidding up housing prices with dollar signs in their eyes and pricing out first time primary residence owners. Stop hoarding shelter and the price wars go away.