Expanding a single family

[Stephen Macrae]

Hi guys,

I’m looking at buying and expanding a rental. The house is quite big with a great size lot for exspansion. It’s currently split into 3 rental units. 1 small garage apartment, top floor unit and basement unit. My idea is to expand the garage, expand the main floor and split it into a duplex style, then keep the basement as is. 

I’m wondering if it’s worth it? 

Are Reno’s more expspensive then a new build? (Which is what i was thinking)

I like one level duplexes and i think having a one level triplex is even better idea! The land is already there. The water is already hooked up. I just think knocking down walls is a lot of extra work compared to a new build. 

Thanks