STEVEN WEISS, LL.B. MBA, Sales Representative
JOSIE MINER, Broker, Vice President
PRUDENTIAL Sadie Moranis Realty (Brokerage)
COMMERCIAL DIVISION
35 LESMILL RD, TORONTO ONTARIO, M3B 2T3

 

The Duplex Report

 

The City of Toronto Zoning By-law defines a Duplex as a building containing and originally constructed so as to provide by horizontal division two dwelling units each of which has an independent entrance.  A house can also be converted into a duplex and is referred to in the zoning by-law as a Converted House.  Typically all two unit complexes are called duplexes.  However, especially with converted houses, it often is not possible to verify if the "Duplex" was ever legally constructed as a duplex.  Purchasers should always inspect the property and verify the extent to which the building complies with the zoning, building and fire code.

The lifestyle associated with a duplex generally centers around the neighborhood.  Its design, including porches, balconies, yards, stairs, foster social interaction rather than isolation, while at the same time offering a greater sense of privacy and a less intense environment than large apartment buildings.  These small "plexes" may also offer more architectural charm than larger apartment housing.  Small multi-plex housing also offers the flexibility from a development viewpoint, making it easier to adapt this type of housing to the changing needs of a family or various dwellers over time, including for example, home offices and the conversion of small multi-plex buildings into single family dwellings.  However there are drawbacks with some plex housing.  Kitchens may be dysfunctional, rooms small and storage space non-existent.  While there are opportunities, these properties should be carefully examined........................

 

Get a full copy of The Duplex Report and get more information on:

An actual case study examining some of the financial characteristics of a sale transaction;

  • Financing details;
  • Tax benefits;
  • Market conditions;

For a full copy of The Duplex Report please complete and submit the form below.  A copy of the report will be automatically forwarded to you by email.

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