Toronto is a unique city for Duplex and Triplex development.
Less than a year ago, On May 10, 2023, the Toronto City Council adopted the Official Plan Amendment and Zoning By-law Amendment to permit Duplex, Triplex, and Fourplex development citywide as a measure to solve the housing crisis. That opened a door for massive investment opportunities for regular homeowners and professional real estate players.
Investing in Duplex or Triplex
Suppose you own a small bungalow or detached house. In that case, it is an incredible opportunity to gain additional substantial income, which can help you achieve your bucket list: early retirement, the best education for the kids, or traveling around the globe. Most of the residential lots in Toronto can be transformed into rental properties without significant zoning battles or fees. Investing in rental properties is guaranteed income, which will be passed on to future generations.
Benefits of being a landlord
Duplex, Triplex, and Fourplex houses look like any regular Torontonian house on the street. It's not bigger than any neighboring custom home; you will hardly notice any difference with the naked eye. However, it splits into 2,3 or 4 apartments. Each apartment is an independent unit with its entrance, kitchen, washroom(s), and utilities. You can rent out all the units or keep one for yourself. It is like renting out a basement but four times more profitable!
Why Wellcore?
Wellcore Corporation is a unique construction company. Its design and construction teams are bonded into one entity, which can simultaneously provide your multiplex project with architectural and construction solutions.
We have gained profound and thorough experience in the last 17 years, developing multiunit projects from the first meeting with the homeowner to the final inspection. Designing layouts, obtaining permits, and building duplexes, triplexes, or even fourplexes require unique know-how and construction techniques that do not come with regular residential construction practice. Wellcore Corporation will provide you with the manpower of a large corporation to back up your multiplex project.
Latest Duplex and Triplex Projects
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Duplex and Triplex
Upcoming Project: Stylish Modern Duplex With Laneway House On Busy Street In Toronto
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Duplex and Triplex
Legal Multi-Family Home in Old House with Two-Story Addition
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Duplex and Triplex
Preserving History: Fourplex Conversion with Back Addition
What Our Clients Say About Duplex and Triplex
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With Wellcor we avoided the usual nightmare of building the house on your own. Vince's expertise as a builder and Alex's efficiency to get all the trades on time made possible for us to move back 8 months later. Prior to hire Wellcor as a general contractor we've interviewed other builders and none was even close to the budget we could afford. Wellcor built our dream house and saved us a lot of money!
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Konstantin from King City
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This was a large undertaking by our family. We essentially kept 3 walls and the roof. Everything else is new. The work was completed on time and on budget, which is a rarity in today's age. Thank you Alex for helping us reshape our house. We're pleased with the results and look forward to settling down in our modern home.
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Robbie, as seen on HomeStars (10/10)
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The service provided by WellCore was very professional. Very honest people.
I only have good things and only good things to say about the staff and the services provided by WellCore.
I strongly recommend.
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Jaspal from Scarborough
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Second & Third Story Addition
With three kids and one on the way, we had no choice but find a solution to our space constraints. Moving was not an option, so we contemplated renovating and expanding our existing dwelling. We interviewed numerous contractors and increasingly felt discouraged and defeated... until we met Alex and the Wellcore team. We signed a contract and soon realized that we made the right decision. They were professional, courteous, honest and responsive. Most importantly, we were on budget. We would recommend Wellcore to anyone with home renovation needs.
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We would like to personally thank you, Alex, for taking us through a very exciting journey in renovating our home; which included a second story addition, main floor remodel, and basement apartment. The personal attention that we received from you, Vince and Nat, along with the rest of the Wellcore team made our renovation an easy one. Wellcore Corporation treated our family with respect, class and dignity, and we are very thankful that you took the time to personally tender to our needs. Those particular qualities that you and your team demonstrated made the process a wonderful experience. As we settle into our newly renovated home, we have had some questions, and your team has been right there for us. We, as a family appreciate all of the help that you have given us, and continue to do so. The quality of representation and the attention to detail from the beginning of the process to the finished product has been remarkable. We are now proud owners of a renovated home, and we are very happy with our decision to have had Wellcore Corporation as our personal contractors. Our family has always been impressed with organizations that take the personal touch into their approach. We are very thankful that Wellcore Corporation took that approach with our family. The workmanship is detailed and of high quality. Your continued support is greatly appreciated. Thank you so very much for your dedication to our project and our family. We appreciate all that you have done for us. Ruiz Family
