Income Properties  ·  Ottawa & Eastern Ontario

A rental that pencils.

Open-book construction management for energy-efficient, purpose-built rentals — every trade contract in your name, nothing marked up, and the financing and tax incentives assembled for you.

Energy-efficient multi-unit rental: 4–12 units, $0 HST, up to 95% financing, net-zero-ready
Open-book agency modelICF · Geothermal · SolarCMHC MLI Select4+ unit purpose-built rentalOttawa & Eastern Ontario
Why now

The best moment in a generation to build a small rental.

Three forces have lined up behind the small purpose-built rental. Permission and financing are no longer the obstacle — the scarce part is finding an experienced office to build it right.

01

Zero HST

On a qualifying purpose-built rental of four or more units, the full 13% HST is rebated — 100% of the federal 5% (the federal PBRH rebate) and 100% of Ontario’s 8% portion — roughly $65,000 back on a $500,000 unit. Conditions: at least 90% long-term rental, construction begun after September 13, 2023 and before 2031, and substantially complete before 2036.

02

Four units as-of-right

Ottawa’s new zoning by-law, approved by City Council in January 2026, permits up to four units as-of-right on a serviced urban or suburban lot and removes minimum parking requirements.

03

Financing built for it

CMHC’s MLI Select reaches up to 95% of cost and 50-year amortization for energy-efficient rentals of five or more units (best terms at 100 points; minimum 1.10 debt-service coverage).

04

A shrinking trade

Ontario faces a shortfall of tens of thousands of workers by 2034 as experienced builders retire — capable management is the scarce part.

The Model

Your name on every contract — income property, too.

The same open-book agency model behind our estate work applies to income property. You hold each trade contract directly; the office holds none and takes no margin. A general contractor's markup — typically 12 to 18% — stays in your pocket, and every cost stays in plain view.

How the model works

The owner holds

  • Each trade contract, in your name
  • Every invoice, in full and unmarked
  • Final approval on cost and selection

The office holds

  • Tendering & recommendation
  • Coordination & supervision
  • Schedule, quality & cost control
  • The incentive stack — financing, HST, energy
The numbers

Why the efficient build wins for the investor.

An illustrative six-unit Ottawa rental, conventional versus net-zero — insulated concrete, geothermal and solar. The efficient build needs less of your capital and earns more from the first year.

ConventionalNet-zero · ICF·geo·solar
Equity to start$424,000$120,000
Year-one cash flow+$3,400+$17,400
Cash-on-cash return0.8%14.5%
Financing test (DSCR)1.031.15
Annual operating costBaseline~$26,000 lower

Illustrative figures, Ottawa 2026 — not a quote. We prepare the real numbers for your lot in a fixed-fee feasibility study.

Download the 5 / 10 / 20-year returns (PDF)

Request a feasibility study

Proof

The Wendover Estate.

We are managing the construction of a 13,582-square-foot net-zero-ready residence on the Ottawa River — insulated-concrete structure, geothermal energy and on-site solar, engineered as one system, in construction through 2027. The same building science and the same open-book model we bring to income property.

View the project

See whether your lot pencils.

Tell us about your site and we'll tell you whether it works — conventional versus net-zero, the financing and the returns. An initial conversation carries no obligation.

Begin the conversation