FAQs

What is a Multiplex or SSMUH?

A Multiplex, also referred to as a ‘small scale multi unit house-SSMUH’ is a housing option that allows multi-unit homes, specifically, stratified units like a duplex of triplex to be built on a single family lot. These homes are both market driven and/or family orientated housing options.

Why is stratification such a big deal?

This is probably the most critical element of the Multiplex. A multiplex is defined as separate, stratified units (each unit on the single lot has a specified legal owner and each unit can be sold and bought apart from any other unit on the lot). Whereas not all SSMUH units are stratified, rather, so properties are zoned such that multiple units or permitted, but on title, all the units are a single entity (the units can not be sold separately).

What about financing for the project?

Financing is specific to each site and individual owner/investor. But generally, any property that is clear title, is seen as having a strong viable potential. projects under 4 units may not require a commercial loan. When finding a lender, your approval should not be the only consider, rates and terms of the loan, how the loan will be distributed. Projects have a large up front costing prior to the build , and construction loans phased payouts need to reflect your projects’ needs. And obviously, have you and the lender account for all the projects costs. There is always the unforeseen in any construction project.

What should I do with my property?

Great question. Whether you are looking to sell or looking to maximize your property, the first thing you need to do is talk to a TRUSTED professional to find out what your property allows. In this market you can find great builders, developers, realtors and architects that can provide educated answers, however, there is also a large number of those that can’t. At Multiplex Living, we strive to be a trusted resource, that even in the event of us not participating in your specific project or sale, we’re endeavouring to be found to be both trusted and reliable as a resource.

What is meant by “generational housing”?

In the context of a multiplex, generational housing provides a family the ability to divide their single family lot amongst members of the family, by building individual units in their preferred form. The strata title units could then be held under separate family members.

I want to build a multiplex, now what?

If your property is zoned for a multiplex, now you need to decide on what you want. Are you looking to develop and sell the whole lot, build and sell some of the units and live in one? Or maybe you have a great home, and have enough room to build a separate building as rental suites, or it is a rental property and you want to build new rental units. These are the questions you need to answer prior to starting. Once you have decided on direction, your project will require oversight or a consultant. A projects‘ success requires reliable financing, coordinated and intuitive design/permitting oversight and a reliable contractor. With that in mind, you will need to be realistic with your own available time and ability. Will you manage the complete projects, require only specific services or will be more hands off, or somewhere in between. We don’t need to be your final choice to have the conversation that helps you decide what best suits you.

What would it look like with a developer be involved in a co-development?

A developer would accept a portion of the projects cost and risks, and as such would equally expect to share in that portion of profits. An arrangement could include a corporate partnership and/or the developer being on title. Each developer will have specific requirements, and a property owner should always obtain legal council.

Is a micro-development the same as a multiplex.

Yes and no. It is a development that involves one or two single family lot(s), and provides 4-12 units. The developments are usually on larger lots, and non-residence investors can participate. Usually more than 4 units are provided for market/below rentals and market housing, with many projects meeting CMHC funding criteria.