Metrohomes

DESIGN · BUILD · SINCE 1988

Multiplex Development

Turn One Property Into a Portfolio

Multiplex Development

A multiplex is a residential building containing two to four self-contained dwelling units on a single lot. Duplexes, triplexes, and fourplexes offer a proven path to building rental income while contributing to neighbourhood housing supply.

In 2023, the Province of Ontario passed Bill 23 (More Homes Built Faster Act), which allows up to three units as-of-right on most residential lots across the province. Many municipalities, including Toronto, have expanded this to permit up to four units without rezoning or minor variance applications.

Recurring Rental Income

Multiple units generate stable monthly cash flow

Property Value Growth

Multi-unit properties appreciate faster than single-family

Live + Earn

Occupy one unit, rent the others to offset your mortgage

Community Contribution

Add much-needed housing to your neighbourhood

Free Resource · 2026 Investor Guide

Everything an investor should know before committing to a multiplex.

A factual, no-fluff guide to Bill 23 and the 2023 EHON reforms, which lots qualify, the rental math framework serious investors use, how construction financing differs from a home mortgage, and the seven questions every investor should ask a builder.

  • Bill 23 + EHON: what as-of-right zoning actually means
  • How to know if your lot (or a target lot) qualifies
  • The rental math framework (cap rate, DSCR, cash-on-cash)
  • How multiplex construction financing actually works
  • 7 questions every investor should ask a builder

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Choose Your Configuration

Duplex

2,000–3,500 sq ft total12–18 mo total
Side-by-side or stacked configuration
Convert existing home or build new
Ideal for adding one rental unit
Simplest multiplex option

Why Multiplex?

$3,500+/mo

Rental Income

2–3x

Value Uplift

6–8%

Cap Rate

Not sure which option fits your property?

Take the 2-minute Property Assessment and get personalized recommendations.

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Frequently Asked Questions

Ready to Build Your Investment?

We take on 7–10 projects at a time. Each one gets our full attention.