Too big for the life you have now.
Rooms nobody uses. Bills you still pay.
For Toronto homeowners with an aging house on valuable land
Your house has aged. Its value hasn’t.
Meet Kplex.
Kplex helps Toronto homeowners unlock the value of their property by transforming aging homes into brand-new rental multiplexes.
You bring the house.
We excavate its value.
Sound familiar?
The house that made sense twenty years ago may not make sense today.
Renovating won’t pay you back.
Serious money in. No guarantee it comes back out.
Selling means taking less.
Buyers price in every repair. So does the market.
Renting isn’t what it used to be.
Few tenants want an old four-bedroom at $5,000 a month.
Consider another possibility
Before you renovate, sell or settle — look at what else the land could be.
Here’s what we can make possible on your land.
- Your land value, paid back to you
- A brand-new multiplex, no additional investment
- Rental income for life
- A building to pass on
What it looks like
Look at what your house could become.
From a completed multiplex to ten-unit buildings and major-street projects of up to 60 homes — every one began as a single lot and the question of what it could hold.
Completed · Toronto
Bermondsey
One aging detached house, now a multi-unit rental →
6-plex · In development
Danforth
Six homes on a standard residential lot
10-plex · In development
Morningside 1
Ten units and a rooftop terrace where one house stood
Renderings shown for projects in development.
View all projects ↗︎
Have your cake and eat it too
Keep the land value. Lose the old house. Own an apartment instead.
Why choose between selling your property, spending a fortune renovating it, or holding onto an underperforming rental? With the right property, redevelopment lets you cash out the land while receiving a new rental multiplex.
Be the first one in your bloodline to own a building. All you need is a house — and Kplex.
Find Out If Your Property Qualifies →Why now
Toronto opened the door. The financing followed.
Toronto has cleared the path for small multiplexes, and government-backed financing now makes them fundable for an ordinary homeowner — not just a developer.
What changed in policy
- Multiplexes are permitted as-of-right.
On residential lots across Toronto, without a rezoning process.
- Development charges are gone.
The City eliminated them for small multiplexes.
- No GST or HST on new rental housing.
Federal and provincial tax removed on purpose-built rentals.
What changed in financing
- CMHC / MLI Select lending, approved before you build.
Construction and long-term loans lined up up front.
- The project funds itself.
High loan-to-cost ratios mean little to no money out of your pocket.
- Low rates, long horizon.
Below-market interest with multi-decade amortization keeps the rent working for you.
How it works
We develop it. We build it. We manage it.
Kplex is not a contractor hired to build someone else’s project. You put in the land and share in the upside — we run every step, from the first conversation to the tenants moving in.
StageWhat happensWhat funds it
Your property
You already own the land — the part most developers have to buy.
You bring the house
We evaluate: your payout and cash-flow projection
Your land
Its fair market value is paid back to you during the project.
Development & construction
Where the value is created.
Zoning review
Approvals & permits
Design
Construction
CMHC / MLI Select construction loan
Interest-only, drawn as needed. No payments during the build.
Long-term hold
Cash flow and appreciation, for as long as you own it.
Property management
CMHC / MLI Select term loan
Low rate, long amortization — the rent carries it.
Financing subject to lender approval and current CMHC / MLI Select terms.
Start with your property ↗︎The honest comparison
Why not just…
Every option is on the table. Here’s how we think about the three most common ones.
…renovate?
Renovation is not always the best use of an aging property. A major renovation can require substantial upfront capital, while the resulting property is still limited by the size and layout of the original home — and there’s no guarantee the extra investment comes back through a higher sale price or rent. Rather than asking “how do we fix this house?”, we ask “what could this property become?”
…sell?
Selling is always an option, but it may not be the most attractive one. An older home that needs significant work is less appealing to buyers, who factor the cost and effort of fixing it into their offer. In a weaker market, you may not get the price you hoped for. Instead of selling the property as it exists today, could you unlock more of its potential?
…keep renting the old house?
An aging single-family home may not generate the rental income its underlying land could support. The problem isn’t necessarily that it’s a bad rental — it may simply be underutilized. A multiplex creates substantially more rentable area by making better use of the lot. Is your property earning as much as its land could?
Don’t know what legacy to leave your kids?