Multiplex 4 Unit Conversion In Toronto | Laneway Home | Garden Suite | Max Suite Strategy

[@jeng5591]

Thankyou for the effort you put into your videos. Your presentation is very informative, however the music feels like you're on speed and makes it hard to concentrate on what you're actually saying.

[@TripleZme]

Great video by the way. Thanks for sharing the info

[@suiteadditions]

Our pleasure!

[@dingdong8242]

I have the perfect lot for this but how does it make sense .? All these houses can be rented ‘as is ‘for the income of 2-3 of these units. So you would go into debt for a minimum of 1-2 million to add an extra 1-2 units ? On top of that you have a government with aspirations to be the biggest landlord of Canada in the near future which will be your competitor. To me this is just another scheme to bankrupt small landlords please someone tell me different.

[@clifflayne9073]

Personally, I love this concept. I just moved here from Mumbai and this housing concept reminds me so much of home.

[@dingdong8242]

😂 yea right.

[@mikey_atman]

This is exceptional content and I'm grateful. Nice work guys. 💪

[@suiteadditions]

Thank you

[@clifflayne9073]

@@suiteadditions: I was being facetious. My dreams for Toronto isn't to make it more like Mumbai, or the hillside slums of either Buenos Aires or Lima. Been a Toronto resident for 50 years, and until recently I owned a single family home in the burbs. With the new housing policy, that is simply reacting to the vocal minority, all I own now is my single family home that I cannot actually sell to a family to live in and raise a family. Now, I can only sell it to a developer whom will change it into either a fourplex or a rooming house. The new housing policy will NOT do anything to resolve the affordable housing issue and it certainly won't force property values down. I will wait until a couple of properties on my street are converted to 4 plexes; then I will sell at probably twice the price as I would sell it as a single family unit; take my money and buy a nice piece of lakeside property down by Goderich or similar location.

[@TheRandyns]

Nice job.

[@selman8935]

Good to learn some insights. I have a question about that studio vs laneway price comparison. Is $500,000 paid for the construction mortgageable? If not, who would invest that much equity with such a low short-term return. Second mortgage lenders get almost %12 return these days. And one more question, can you include that laneway suite on your title? Is so, would it increase the price of the unit accordingly? Thanks for your effort on this video.

[@suiteadditions]

Some would be able to get construction loan, but most would use equity in existing house.

[@Biba_Putt]

Can we build garden suite first by putting TGS zone ?

[@suiteadditions]

Sorry don't know what TGS means

[@RidlysEmptyNetter]

Very nice! Can it be severed after it is built?

[@suiteadditions]

Unfortunately not

[@Biba_Putt]

How much sqft is that suite?

[@sammavitae114]

My question is how does the sewage servicing work? Can a typical street handle many of these conversions? A second question - there's a company from Germany where you can lease or buy a ready made unit that can be set up immediately. Is there any such provision in the new bylaws?

[@suiteadditions]

The city engineer will assess capacity issues on the storm and sanitary sewer systems.

[@leinad5243]

Can you build additional suites ..up to 5 ..any where in Ontario?

[@suiteadditions]

Only 3 in most of Ontario. 4-5 is Toronto.

[@leinad5243]

@@suiteadditions Thanks only in urban areas? As long as the zoning is residential?

[@TheManWhoSawTomorrow]

If you have drawings to build 4 units in main house and garden suite at back, do you automatically have the first 4 DC waived and pay (or defer) just that of the garden suite?

[@suiteadditions]

Sorry there's some ambiguity with this. Please confirm with the city.

[@TheManWhoSawTomorrow]

@@suiteadditions Toronto

[@user-zf7hh6xi1b]

hello there can i put the garden suite in the front of the lot

[@suiteadditions]

No you cannot

[@wcpolicarpio]

Is it possible to build an ADU in front of a large front lawn?

[@suiteadditions]

Not possible unfortunately

[@wcpolicarpio]

@@suiteadditions thanks

[@codyjanes8124]

Why would the hell would anyone wanna be an landlord in Ontario! It can take you an year too get rid of an bad tenant.

[@adambeck8180]

I still can't see how an ADU could cost $500 /sq ft to build on land you already own.

[@tertur2957]

So….. this is now a business, so you should have to pay business taxes and insurance.

[@suiteadditions]

Yes we should and do

[@travp7688]

Nice place for sure. No parking is a favorite for cities and developers to save a lot of money and really cram people together. And developers make massive value off the square feet. There is no room to grow and doesn't promote families at all. Only the rich can afford to drive. Not everyone can use an electric bike to get around or even safe in cities like Toronto. Canada has so much space yet acting like a tiny country. Even experience with rats shows density is not healthy. No thanks.

[@suiteadditions]

Parking is actually a hidden cost for everyone. Suburban sprawl and its damaging effects are now felt in public balance sheets. Densification and removing parking mandates make sense and are a way to mitigate decades of urban mismanagement. Great book called "high cost of free parking" discusses this in detail.

[@FunkyLittlePoptart]

I live in Toronto and I'm in favour of preventing people from driving. However, these people are planning on cramming people into the living space and *gouging* them on rent. So it's gross either way.

[@travp7688]

@@suiteadditions That's fine, but you can't take away parking and have no suitable alternatives that are reliable. In Canada, public transportation is notoriously slow, poorly planned, mismanaged, inconsistent, and safety issues. You can't take parking away and think it is Europe all of a sudden. Until then, we need vehicles with parking. Having less cars is ok, but not under the current conditions.

[@travp7688]

@@FunkyLittlePoptart That's true. Corporations are buying up places and then renovicting and exactly, gouging citizens. The government doesn't really care that much as they make a large tax windfall with real estate, so the higher the cost and more turnover with sales, the better as far as government is concerned. In BC most people can't afford a home and have to live with multiple roommates and multiple jobs just to make ends meet. What kind of life is that? Of course, better than war or poverty, but ridiculous for all the talk here.

[@gorancyvr]

@@travp7688 Move to Winnipeg.

[@TripleZme]

Then the only risk is getting a good tenant who wont screw you over and the LTB does not help landlords.

[@nguyenphuongchang3925]

That's why so many baby boomers have houses with just two people but they don't want to rent out because the LTB law is unfair to the landlords... this causes low rental supplies..LTB needs to think out of the box