1 Property Feasibility Review

This map is a general guide. The order of steps may differ—some finalize financing before design, while others do most of the design before choosing a contractor. Adjust as needed for your project. Before moving forward with your ADU or multiplex project, it's crucial to assess whether your property is suitable. This step ensures you understand zoning rules, financial feasibility, and construction requirements before committing to the project.

CHECKLIST

Financial Feasibility

Estimate total project costs, including soft costs (surveying, legal, specialized studies).
Determine borrowing capacity (credit score, mortgage, income).
Assess financing options and affordability, including potential rental income.

Zoning & Permitting

Confirm zoning regulations and whether a variance or special permit is needed.
Verify permitting requirements and estimated approval timelines.
Ensure compliance with environmental, heritage, and tree protection bylaws.

Site & Construction Considerations

Determine what type of ADU or multiplex best suits your property.
Assess whether utility upgrades (electrical, sewer, separate meters) are required.
Identify necessary safety upgrades (fire sprinklers, fire-rated walls, hydrant access).
Get initial cost estimates and quotes from relevant professionals.

Next Step 2: Design & Contractor Selection >

Process Map

Questions to Ask Yourself

Zoning & Permitting

What are the zoning regulations in my area?
Do I need a variance or special permit?
How long does the permitting process take in my city?

Financial Considerations

How am I financing this project? How much can I contribute in cash?
Can my income support a loan, and have I accounted for potential interest rate changes?
If I plan to rent, how many months can I afford for the unit to be vacant?
If a family member lives there, will they contribute to rent or expenses?
Have I budgeted for hidden costs like fire safety, utility upgrades, and property tax increases? Have I set aside a contingency fund for any other unexpected expenses?

Design & Construction Feasibility

What type of ADU or multiplex is best for my property (laneway home, garden suite, garage conversion, etc.)?
Do I want a prefab unit or on-site construction? (What is the Difference?)
Do I need to upgrade my home’s electrical or plumbing systems?
What are my estimated construction costs before seeking professional quotes?
Which professionals do I need to consult before building (architects, engineers, contractors)?

Key Resources

Ensure your next steps align with your initial motivations. Does this property feasibility review meet your lifestyle or financial goals?

Use these resources to cut through the uncertainty—check your zoning, crunch the numbers, and get expert input to see if your property is ready for an ADU or multiplex project.

Property Mapping Tool by Resimate

How to convert your basement into a legal rental apartment by Royal Bank Of Canada