If you're a property owner, or an investor, we want to show you how much sense this type of development makes from both financial and planning perspectives - when done thoughtfully, properly, and professionally.
|--- Zoning to allow 3 storeys||✓|
|--- City staff on-board for higher densities||✓|
|--- In-demand market for renters||✓|
A typical 2-storey, 20' wide commercial storefront is worth approx $1M. If you can add one floor and two rental units, cost is approx $500k. Avg rental rates are $1800/mo x 2 x 12 = $43k/yr revenue / $500k investment = 8.6% annual return!
Not to mention that your 3-storey building is now worth much more, and your monthly return is substantially higher.
This is development that makes sense.
Renovation to Existing 2-Storey Mixed Use Building
at 111 Roncesvalles Ave, Toronto, On
|Commercial Area||842 sf||1172 sf|
|Residential Area||942 sf||3458 sf|