Latest Articles

January 14, 2023
Eric Cleary

Navigating the Home Conversion Process: From Single Family Home to Multi-Unit Investment

Home conversions can be a lucrative way to boost your investment returns, especially in thriving markets like Niagara. By converting a single-family home into a multi-unit property, you can potentially increase the rental income and overall value. However, the process can be complex and requires a well-informed strategy. In this blog, we share how the Investment Team can guide you through this journey, citing real-world examples from our portfolio.

Conversions

Home conversions can be a lucrative way to boost your investment returns, especially in thriving markets like Niagara. By converting a single-family home into a multi-unit property, you can potentially increase the rental income and overall value. However, the process can be complex and requires a well-informed strategy. In this blog, we share how the Investment Team can guide you through this journey, citing real-world examples from our portfolio.

In our experience, the first step to a successful home conversion is a strategic property selection. We guide our investors to properties that have the potential for conversion – considering factors such as property layout, zoning regulations, and the local rental demand. An excellent example is our project at 1 Braden, where we converted a single-family home into a triplex.

The second step is planning and executing the renovation. Our extensive network of experienced contractors, architects, and interior designers come together to create functional, attractive spaces that cater to the needs of modern tenants. With our project at 63 Commercial, we transformed a single-family home into a duplex & garden suite, ensuring every square foot was utilized efficiently and appealingly.

Lastly, securing the right financing is crucial. Through our connections with reputable mortgage professionals, such as Johnson Andrews and the Vine Group Mortgage Team, we assist our investors in getting competitive financing options for their conversion projects.

Navigating the home conversion process may seem daunting, but with the right team by your side, it can be a smooth and rewarding journey. The Investment Team leverages its comprehensive knowledge, professional network, and hands-on experience to guide investors through each step, turning ambitious investment dreams into profitable realities. Embark on your home conversion journey with us and discover the potential of Niagara's real estate market.