Multiplex feasibility calculator

A first look at whether a project pays: what it costs to build, what it rents for, how it can be financed, and what it’s worth when done. Change any number.

The property Purchase price ($) Lot frontage (ft) Lot depth (ft) Project

What you build Homes in the main building Average home size (sq ft) Garden suite Garden suite size (sq ft)

Costs Build cost ($ per sq ft) Conversion cost ($ per sq ft, if converting) Soft costs (% of build: design, permits, fees) Demolition and servicing ($) Development charges ($) Contingency (%) Months to build

Toronto waives development charges for multiplexes up to 6 homes; other cities may charge them.

Rents and running costs City (for typical rents) Rent per home ($/month) Garden suite rent ($/month) Vacancy (%) Operating costs (% of rent: tax, insurance, repairs, management) Value at cap rate (%)

Financing Loan Interest rate (%) Construction loan rate (%)

MLI Select: 5+ homes, up to 95% of cost and up to 50-year amortization depending on affordability, energy and accessibility points; minimum debt coverage 1.10. Conventional here: 65% of cost, 30 years.

Rough estimates for a first look, not an appraisal, construction quote or financing approval. Build costs vary a lot with design and site; get quotes and a lender’s terms before you buy. Rents: median asking rents on the market now from our rent report.

Talk to us about a property

Buying an income property, adding units or building a multiplex? Tell Mehran Salehian about the property and what you have in mind. You’ll get a reply with next steps, and a full feasibility review if the project is worth one.