Price Ave | 12 Unit Conversion

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Price Ave 12 Unit Conversion

Welland

Property Type: Existing 11-Unit Raised 2-Storey Apartment Building
Scope of Work: Conversion of Basement Laundry Room to Legal 1-Bedroom Unit

Project Overview

Located in the pro-development city of Welland, this project involves the smart and efficient conversion of an existing basement laundry room into a legal 1-bedroom apartment unit. By transforming underutilized space within this 11-unit raised apartment building, our team was able to add a valuable 12th unit—without any additions or zoning complications.

Welland continues to stand out as an investor-friendly municipality, with supportive city examiners and streamlined approvals, making it an ideal setting for low-barrier, high-yield upgrades like this.

Scope & Strategy

  • Converted the underused basement laundry room into a fully self-contained 1-bedroom residential unit
  • Ensured full Ontario Building Code compliance, including: fire-rated assemblies and separations, legal egress and natural light, minimum ceiling height, mechanical ventilation and independent HVAC
  • Included full kitchen, bathroom, and optional in-suite laundry in a compact, livable layout
  • Upgraded existing plumbing, HVAC, and electrical systems to accommodate the new suite
  • Maintained operations and access for existing 11 units throughout the process

Challenges Solved

  • Maximized the value of existing floor area without impacting the building envelope
  • Avoided the need for rezoning or costly additions
  • Navigated basement mechanical and layout constraints with an efficient design
  • Partnered with responsive and development-friendly city examiners in Welland to expedite review

Investor Benefits

  • Unit count increased from 11 to 12, boosting monthly income and long-term asset value
  • Delivered a high-demand, affordable 1-bedroom unit with minimal construction cost
  • Located in Welland—known for its pro-development approach and excellent permitting support
  • Strategic value-add that increases NOI without adding complexity

Current Status

Permit submission in progress with Welland building department. Construction scheduled to begin shortly.

Basement Conversion, Legal Secondary Suite, Laundry Room Conversion, Apartment Unit Addition