We’re preparing to start a new project in Oshawa that takes an unconventional property layout and transforms it into a modern triplex. The building currently functions as a duplex, but instead of the typical “upstairs and basement” setup, it has been divided into front and back quarters.

With recent updates to the building code lowering the minimum basement height requirement, we now have the opportunity to create additional units in the basement. Our immediate plan is to add a new unit at the front while leaving space at the back for a future unit. We’re planning with the assumption that Oshawa will eventually receive funding through the federal Housing Accelerator Fund, which would make additional units more feasible. By structuring it this way, we avoid having to undo completed work in the future.

Site planning includes adjustments to the interior stairs, removing and redesigning the front steps, and futureproofing the layout for additional parking and a drive aisle.

This project is also unique from a financing standpoint. To help the owner meet their budget and prepare for future investments, we’ve structured the arrangement as an equity partnership. By keeping construction costs lean and sharing in the equity, both parties are positioned to refinance this property and move forward with another development together in 2026.