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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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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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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Wellcore, designed and built a large side and second floor addition, more than doubling the livable square footage. It was a large challenging project requiring excavation, tree removals and numerous surprises along the way. Some limited delays along the way, mostly unavoidable. Wellcore provided end to end service allowing us the right level of involvement. End result was incredible and could pass as a new house built at 50% more per square foot.
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Another happy homeowner
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I couldn’t be happier with professionalism and resourcefulness of Alex and his team! Our house turned out to have a great flow with lots of air and light, thanks to lots of useful advice from Alex’s architect including a proposal to add carved out ceilings in upstairs bedrooms. All finishes look stunning and very well done. Due to peculiar positioning of the house permits weren’t easy to obtain and drawings required a lot of work – Alex’s team followed through on the entire process end-to-end and I didn’t have to worry about anything. For the same reason (house location) construction was challenging, but again, Wellcore made it all work beautifully. Thank you so much for all your dedication and making the seemingly impossible achievement to happen!
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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.