Most contractors build for homeowners and treat investor work as a sideline. Caliber approaches it from the other direction: we develop and hold residential projects ourselves — nine infill development projects to date, so we underwrite construction the way you do — against rent rolls, refinance values, and holding costs, not just finishes.
That changes the conversations. When we assess a multiplex conversion or an ADU addition, the first questions are the investor’s questions: what does the zoning actually permit as-of-right, what does the building department need, what will the unit rent for, and does the cost-to-value math survive contact with reality. If a project doesn’t pencil, we say so before you spend money on drawings.
What We Build for Investors
Multiplex conversions. Converting single-family homes into legal duplexes and triplexes under Ontario’s Bill 23 as-of-right framework — fire separations, separate services, egress, and Building Code compliance handled from permit to occupancy. See our duplex conversion service and our guide to what Bill 23 actually changed.
Garden suites and ADUs for rental income. Detached suites, basement apartments, and above-garage units that add a rentable door to an existing property. Our ADU cost guide publishes the real numbers most contractors won’t.
Small multi-unit new builds. Ground-up construction of small residential buildings within Ontario Building Code Part 9, including projects based on standardized plan sets such as the CMHC Housing Design Catalogue, which we work with in our own developments. Catalogue drawings still require review and stamping by a BCIN-registered designer or architect for your specific site — we manage that step. See our full guide to building from the CMHC catalogue in Ontario.
Feasibility before commitment. Zoning review, permit-path assessment, and order-of-magnitude budgeting on a candidate property — before you waive conditions, not after.
Why Investors Outside the Region Work With Us
Waterloo Region and Brant County draw steady investor interest from the GTA: purchase prices and rents that still pencil, two universities and a college feeding rental demand, and municipal ADU grant programs — up to $20,000 from the City of Waterloo and up to $25,000 from the Region for affordable-rate units. If you’re investing from outside the region, you need a builder who doesn’t require supervision: weekly written progress reporting, photo documentation, a single fixed point of accountability, and a clear, all-in project price. That’s how we run every project, backed by a two-year workmanship warranty.
Run a Property Past Us
Considering a specific property in Kitchener, Waterloo, Cambridge, or Brant County? Send the address. We’ll give you a straight read on the zoning, the permit path, and whether the project is worth pursuing — before you’re committed.
Start a ConversationHow Engagement Works
It starts with a conversation about the property and your numbers — target rents, hold period, financing structure. From there: a feasibility review of zoning and permit path, a design and budgeting phase where cost decisions are made on paper, and construction under a fixed scope with weekly reporting through to occupancy. For background on our approach, see our story — founded by two engineering graduates in 2007, with structural feasibility assessed during design rather than discovered during demolition.
Evaluating land or larger projects right now? The Region’s water capacity constraint changes the feasibility picture for anything needing a new servicing agreement — see our June 2026 water constraint guide.
Frequently Asked Questions
Yes. A significant share of our multi-unit and ADU work is for owners based in the GTA and elsewhere. Weekly written progress reports with photo documentation are standard on every project, so remote ownership doesn't require site visits.
Yes. A pre-purchase feasibility review covers zoning, as-of-right unit count under Bill 23, permit path, and an order-of-magnitude budget range — the items that determine whether the investment case holds before you waive conditions.
Under Bill 23, most residential lots in settlement areas with municipal water and sewer are permitted up to three units as-of-right — for example, a main dwelling, a basement apartment, and a garden suite. Rural properties on well and septic operate under different rules. Confirm specifics with the local planning department; we do this as part of feasibility.
Yes. The City of Waterloo has offered up to $20,000 for interior accessory rental units, and the Region of Waterloo up to $25,000 for units rented at affordable rates, with conditions. We help navigate the applications as part of the design-build process.