Staged densification is the process of adding units to a property in stages rather than all at once. This allows investors to take on less risk and expense upfront by renting out parts of the property while construction continues.
Bill 23 allows property owners in Ontario to have at least three units on any piece of land, regardless of previous zoning. This has made finding densification opportunities much easier than in the past.
Investors should look for larger lots, ideally over 7,000 square feet, and ensure there is enough space for at least four parking spots to meet municipal requirements.
