Remodd Renovations and Property Management · Kingston, Toronto and the GTA

From purchase to rent cheque, we do it all.

Remodd renovates and manages rental properties for Ontario investors: duplex, triplex and multi-unit conversions, then leasing and day-to-day management. Before that, our realtor and broker network helps you find and finance the right property.

Finished rental unit interior
2019
Converting rentals since
30+
Conversion and renovation projects
12-unit
Largest multifamily renovated
3 cities
Kingston, GTA, Waterloo

For investors

You bring the capital. We deliver a renovated, tenanted, managed rental.

For hands-off owners: we source the deal, run the numbers, coordinate financing with your broker, manage the build and run the property after. You own the asset. We do the work.

Every project is led by Harsh Bhangu, an experienced investor who owns and operates his own rental portfolio. To see what he does with his own capital, visit Alturas Capital.

Talk about a project

Pricing

Take one service or take all of them.

Every service is available on its own. Clients who hand us the whole project, from purchase to management, pay less at every stage.

Service

On its own

Full service

Underwriting and project plan

$5,000 flat

$5,000, credited against the build

Construction management

18% of build cost

15% of build cost

Lease-up

One month's rent per unit

Half a month's rent per unit

Property management

10% of collected rent

8% of collected rent

Lender and broker introductions

Not offered separately

Included

Example: a house converted to a triplex

A $400,000 build with three units renting at $2,000 a month. Bought one service at a time, year-one fees come to $90,200. With full service they come to $68,760, a saving of $21,440, plus $1,440 a year after that on management.

Rates are a guide and every project is quoted individually. Example figures are illustrative. Purchases are handled through our brokerage at the usual commission.

From finding the deal to collecting rent

One team and one point of contact across the whole project. Use all of it or just the part you need.

Deal sourcing and financing

We work with investors before they buy. Through Harsh Bhangu, Sales Representative with Right at Home Realty, Brokerage, and our broker partners, we help find properties with room to add units, underwrite the finished value and rent, and connect you with lenders for acquisition, construction and take-out financing.

How sourcing works

Conversions and renovations

Turning one unit into two, three, five or more, legally. Basement apartments, duplex and triplex conversions, 5-unit-plus multifamily conversions, and full renovations of small multifamily buildings.

What a conversion includes

Project management

Fixed scope, scheduled trades, weekly reporting. We coordinate permits, inspections and vendors so you see one invoice and one update, not twelve.

How we run a build

Property management

Leasing and day-to-day management for rental houses and small multifamily buildings, including student rentals in Kingston. Marketing, screening, leases, maintenance, turnovers and owner statements.

What management covers

How a project runs

The order matters. Most projects that go wrong skipped the first two steps.

Step 1

Find the deal

Properties sourced through Right at Home Realty, Brokerage, and our broker partners, screened for zoning, lot and layout that support three to five-plus units.

Step 2

Underwrite and finance

Finished value, finished rent and a construction budget, packaged for the lenders we work with so financing is lined up before closing.

Step 3

Permits and build

Permit drawings through our engineering partners, then scheduled trades, inspections in sequence and weekly photo and budget updates.

Step 4

Lease and manage

Units listed before final inspection so rent starts the week occupancy clears. We can stay on as manager.

Recent work

About a dozen projects since 2019 across Kingston, Toronto and Waterloo.

180-182 Bagot St under construction
Kingston · Triplex conversion

180–182 Bagot St

Conversion of a mixed-use duplex into a triplex, with about 13 bedrooms and 6 bathrooms across the three units.

585 Concord Ave
Toronto · 5-unit infill

585 Concord Ave

Full redevelopment of a single-family home into a fourplex, with a laneway suite at the rear.

How we underwrite a deal

Before you make an offer, you get a one-page pro forma like this. Illustrative example: a single-family house converted to a legal triplex in Kingston. Numbers are rounded and for demonstration only, not an actual project.

Cost to complete
Purchase price
$520,000
Closing and land transfer tax
$14,000
Construction, three legal units
$285,000
Drawings, permits, carrying costs (8 months)
$36,000
Total cost
$855,000
Finished rent roll
Unit 1, 2 bed main floor
$2,350 / mo
Unit 2, 2 bed upper
$2,250 / mo
Unit 3, 1 bed basement
$1,800 / mo
Gross rent
$76,800 / yr
Stabilized value
Operating expenses and vacancy (30%)
$23,000
Net operating income
$53,800
Appraised value at 5.5% cap
$978,000
Refinance and hold
New first mortgage, 75% of value
$733,500
Equity left in the building
$121,500
Equity created by the conversion
$123,000
Debt service, 5.0%, 30-yr amortization
$47,250 / yr
Cash flow after debt service
$6,550 / yr
What the lender sees

An itemized budget, a schedule, and a finished rent roll backed by comparable leases. That is what gets construction draws released on time and the take-out mortgage approved.

What you see

Whether the deal clears before you commit: equity created, equity you have to leave in, and cash flow after refinance. If it does not work, we tell you before the offer.

What we assume

Rents from current listings in the same postal area, costs from trade quotes rather than per-square-foot guesses, and a cap rate from recent small multifamily sales nearby.

We build what we own.

Remodd grew out of our own rental portfolio. Every process here was first tested on a building we had to lease, finance and keep. That is why we care about the rent roll at the end, not just the finishes at handover.

Clients include individual landlords, investment partnerships and property owners across the GTA and Kingston.

I was impressed by your professionalism and work ethics. You were prompt and made sure I was completely satisfied with your work.

Bob G., Kensington Market, Toronto

Harsh and his team work very hard and with a high attention to detail. He held a high level of integrity throughout the entire project.

Stacey B., The Beaches, Toronto

Being on a deadline to get the project completed, Harsh assured us that the project would be completed in time. It was.

Greg D., North Toronto

About Remodd

Remodd Renovations and Property Management is an Oakville-based construction and property management company run by Harsh Bhangu, a real estate investor and Sales Representative with Right at Home Realty, Brokerage.

Since 2019 the team has taken a dozen renovation and conversion projects from permits to rented units, from 12-unit multifamily buildings to 5-unit-plus multifamily conversions, single-family-to-triplex conversions and basement apartments, for our own portfolio and for clients in Waterloo, Toronto and Kingston. Because Harsh is also a Sales Representative with Right at Home Realty, Brokerage, and works with an active lender network, clients can get help finding and financing the property as well as building it.

2019
First conversion project completed.
2021
Began building the rental portfolio that Remodd now manages.
2022
Expanded property management to Kingston student rentals.
2026
Triplex conversion on Bagot St and a 5-unit development on Concord Ave underway.

Partnerships

Work with us.

We work with an established network of realtors, mortgage brokers and lawyers on every project, and we are always open to new relationships. If you are a realtor, mortgage broker or lawyer and want to get involved or partner with us, reach out and we can talk.

Partner with us

Talk to us about a property

Send the address and what you are thinking. We will come back with whether it works and a rough number.

Request a project estimate
Phone
647-972-1522
Email
info@remodd.ca
Hours
Mon–Sat 8am–8:30pm
Office
106 – 1670 North Service Rd, Oakville, ON. Serving Kingston, Toronto and the GTA.
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