Multi-Units Reservation

Maximize the value and ROI of every dollar you invest in your multi-unit apartment property in Toronto.

Aruba Designs & Construction has built a strong reputation in the field of major renovations, specializing in the transformation of multi-unit residential buildings (MURBs). With years of hands-on experience, we’ve delivered numerous successful renovation and remodeling projects across Toronto. Throughout our journey, we noticed a clear gap in the market — many MURBs were neglected, with limited access to general contractors who were both equipped to manage large-scale work and committed to providing personalized, attentive service.

Our team has collaborated with a wide range of real estate investors across the Greater Toronto Area, helping them modernize, reimagine, and enhance their multi-unit residential properties. By offering a strategic and customized approach, we empower investors to increase the value of their assets, improve rental income, and secure sustainable long-term gains. At Aruba Designs & Construction, we’ve developed a proven solution that helps you make the most out of your multi-unit property investment.

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Is it worth renovating a multi-unit apartment building in Toronto?

There are several compelling reasons why real estate investors and investment groups choose to renovate their multi-unit apartment properties. The top three motivations we see most often include:

  1. Addressing Known Issues or Outdated Features
    Many renovations are driven by the need to proactively fix existing problems within the building or modernize outdated units. Whether it’s aging infrastructure or worn-out fixtures, these upgrades are typically done during tenant turnovers, helping investors minimize rental income loss while improving overall property quality.

  2. Reconfiguring Layouts to Maximize Value
    Optimizing unit layouts can significantly boost your return on investment. By increasing unit density or improving space efficiency, investors can enhance the rental yield per square foot and unlock hidden potential within the building.

  3. Staying Competitive in the Rental Market
    Renovating to match or exceed the standards of comparable properties in the area helps attract high-quality tenants and supports higher rental rates. Plus, modern updates can increase the overall property value — a smart move if you’re considering a future sale.

In our experience, these are the most common — and most effective — reasons to invest in a renovation. If any of these apply to you, you’re on the right track. Keep reading to learn how to get the most from your next project!

What are the various renovation techniques for my multi-unit apartment building?

  1. Convert Larger Units into Multiple Single Bedrooms or Bachelor Apartments
    This is a popular strategy many landlords use to maximize their investment return per unit. Since bachelor or single-bedroom units typically generate higher rent per square foot than 2+ bedroom units, this approach can lead to a faster return on your renovation investment.
  2. Retain Unit Sizes and Remodel to Boost Rental Income
    In some cases, especially depending on your location within the city, it might be more cost-effective to remodel the existing units instead of building new ones. Remodeling allows you to increase rental income without the added expenses of creating new units, which can involve extensive work for fire separation and permits.
  3. Exterior Renovations to Attract Tenants
    Sometimes, a simple exterior refresh — like a fresh coat of paint — can significantly enhance the curb appeal of your property and draw in new tenants. There are numerous ways to update your building’s exterior, and we can help you plan and budget for the necessary improvements to make your property more appealing.
  4. Renovate by Floor or as Units Become Available
    We understand that cash flow can be tight for multi-unit property owners, which is why renovating on a floor-by-floor basis (or as units become available) may be the most practical option. This phased approach allows you to gradually increase the value of your property over time without overwhelming your budget. If you have the funds available, you can opt to renovate the entire floor at once for quicker results.

What are the expenses involved in renovating a multi-unit apartment property?

At Aruba Designs & Construction, we’ve built a reliable team ready to help you assess the cost of renovating your multi-unit apartment building before you commit significant funds to the project. Our goal is to ensure you fully understand the scope of your investment, offering free consultations and detailed budgeting for your renovation plans. We provide a comprehensive project scope and cost estimate so you can make well-informed decisions regarding your multi-unit residential building (MURB) investment portfolio.

Get in touch with us today to discover how we can assist in maximizing both the return on investment and overall value of your multi-unit apartment property in Toronto!

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