How To Build a BOUTIQUE APARTMENT BUILDING
Channel: Darren Voros
Date: 2023-08-02

✅ Check out my website at www.darrenvoros.com

Are you interested in building a purpose built rental property?  Perhaps taking a single family dwelling, tearing it down to the ground, and rebuilding a boutique apartment building?

If the answer is YES then you'll want to check out this video, the first in a series based on our Glenlake Project in West End Toronto, where we turn a single family home into a purpose built 10 UNIT rental property.

In this video, I'll take you through the SITE PLAN APPROVAL PROCESS.  Under Bill 23, aka the More Homes Built Faster Act, the rules have changed for small developers in the Province of Ontario.  This is good news for home builders and developers, for investors and for tenants.  Don't miss this one!

0:00. Intro - Building a Boutique Apartment Building
0:44. Site Plan Approval Process
1:02. Bill 23 - More Homes Built Faster Act
1:21. Some Major Changes
1:50. Cost of Required Studies
3:03. Committee of Adjustment
3:18. Parking Requirements
3:44. Unit Layout
4:02. Pro Investor Tip:  Choose Short Term Tenant
4:48. Check on Property for Insurance Purposes
5:01. CMHC MLI Select - Finalize Construction Financing
5:31. Walk Around The Property

CHMC - MLI Select
https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect


****DISCLAIMER:
With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money. 

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Property Analysis - https://dealcheck.io?fp_ref=darren84

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Darren Voros

Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $30,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his YouTube channel in 2020 in order to have a wider reach in educating investors.