This project is our answer to mediocrity. This would be our 4th rental property but our first multi-family property. Up until this point we had 2 townhouses and 1 condo. Though they had been very good for appreciation the cash flow we received form them was slim to none. This project is all about cashflow for us.
Though it may sound like a very complex thing to undertake it was actually quite simple. The building code her in Ontario stated that we required safe and sound insulation in every shared wall and ceiling. It also stated that we required 3/4 inch type X drywall on the wall to give 45 mins before the fire could burn through the walls and ceiling. This took a only a few days and then it was on to painting.
Upper Unit Completion
Flooring, Cabinets and finishing touches.
Check out our Bungalow to Duplex posts - 3 month update, New beginning, Now for Inspection, Plans and Progress or How I paid off my mortgage journey for more info.
Do you have a story you want to tell, leave me a comment, I would love to hear