High-Yield Multi-Family & Turnkey Income Properties.

In Ontario, tenancy agreements transfer automatically with property title. If an existing tenant is paying below-market rent under pre-November 15, 2018 rent control rules, an incoming purchaser cannot unilaterally increase rents beyond the annual Ontario Landlord and Tenant Board (LTB) guideline without an approved Above Guideline Increase (AGI) based on eligible capital expenditures.

101GROUP protects buyers by conducting exhaustive lease audits during conditional review—demanding signed N1/N2 history, verified security deposits, and identifying vacancy opportunities or mutual N11 disposition agreements prior to closing.

Under Ontario's More Homes Built Faster Act (Bill 23), "as-of-right" zoning permits up to three residential units on most urban residential lots without requiring rezoning or minor variances. However, full Ontario Building Code (OBC) compliance remains mandatory.

This requires architectural plans detailing Part 9/11 fire resistance ratings (45-minute minimum separations between units), continuous sound transmission ratings (STC 50+), interconnected smoke and carbon monoxide alarms with battery backup, separate HVAC shutoffs, and verified ceiling egress clearances. 101GROUP manages all drawings, permits, and construction execution in-house.

MLI Select points are scored across three distinct pillars: Affordability (percentage of suites rented at or below 30% of median household income for at least 10 years), Energy Efficiency (achieving 20% to 40%+ reduction in greenhouse gas emissions and energy consumption relative to baseline or current performance), and Accessibility (barrier-free universal design suites).

By combining energy retrofits (such as heat pumps and envelope insulation via our construction arm) with moderate rent commitments, we regularly achieve 70 to 100 points, unlocking up to 95% LTV and up to 50-year amortizations.

Properties with 1 to 4 units are underwritten as Residential Mortgages, where the lender evaluates both the borrower's personal debt-to-income ratios (GDS/TDS) and rental offsets. Properties with 5 or more units transition directly into Commercial Multi-Family Underwriting.

Commercial lenders prioritize the asset's standalone Debt Service Coverage Ratio (DSCR), typically requiring NOI to exceed annual debt service by at least 1.10x to 1.30x. Through 8Twelve Mortgage, we place commercial facilities with both Tier-1 Chartered Banks and specialized institutional debt funds based on the optimal pricing curve.