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
Preserving History: Fourplex Conversion with Back Addition
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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
What Our Clients Say About Duplex and Triplex
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I would highly recommend Wellcore for your renovations. They provided a detailed budget, so we were able to see what the money was being spent on and that there were no hidden costs. Alex and his team at Wellcore stayed on budget and on schedule.
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Andrew from Etobicoke, as seen on Trusted pros (5/5)
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This was a large undertaking by our family. We essentially kept 3 walls and the roof. Everything else is new. Alex and his team were awesome. They guided us through the process (from inception, budgeting, permits, and construction). Of course, along the way, there were small hiccups that occurred (partially our fault) that required extra attention, but the Wellcore team guided us through everything and provided assurances to our family and our neighbours who were impacted by our project. 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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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
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After interviewing numerous contractors, we chose WellCore to take on our project which included a rear and second story addition of our 1.5 story house. From the design stage, thru the permit process and then construction, they were always on top of everything and worked with us every step of the way. We started designing in July, construction began in October and we had our newly built house by March. ON-TIME & ON BUDGET!!!
They are professional, honest and the most hard-working crew we have ever met. We had such an amazing experience with WellCore that we would not hesitate to hire them again for any future projects and without any hesitation, recommend them to all our family and friends.
Thank you Vince, Alex, Nat and crew for a job well done!
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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)