T-Bor
Active Member
Apologies if this has already been covered elsewhere on this form. I've also looked for the answer on City documents, with no clear answer.
Simple question: Can multiplexes be sold as separate units, similar to condos? Or would this scenario need to be bought wholesale by a single owner, who must then rent them out to separate tenants?
It seems to me that if someone is able to buy a bungalow and turn it into 4 condo units, which are sold to 4 separate buyers, this has the potential to make a major dent in first-time homebuyer prices. But if these must all be kept as rentals, it seems it will do minimal to help home price affordability
Simple question: Can multiplexes be sold as separate units, similar to condos? Or would this scenario need to be bought wholesale by a single owner, who must then rent them out to separate tenants?
It seems to me that if someone is able to buy a bungalow and turn it into 4 condo units, which are sold to 4 separate buyers, this has the potential to make a major dent in first-time homebuyer prices. But if these must all be kept as rentals, it seems it will do minimal to help home price affordability