[Addy]

I see this thread hasn't had any posts since last year. I (well my family) own a small one story house a block from Ottawa St North. My husband and I are from Vancouver and really love the area. It's very walkable, with great transit and some really neat stores and restaurants moving in.

My question, which I posted in another thread but now see it may be best asked here is, we are considering demolishing the one story and building a triplex (or duplex if that's all the city will allow us).

The house has no basement only a crawlspace and has not been well kept up over the years... we purchased it I believe in 2010 or 2011 for $70K and have only done really necessary repairs as we aren't sure what we are going to do with the house yet.

I'm curious if others think it will be worthwhile to rebuild? Right now the house rents for $800 with the tenant paying their own utilities. I'm not sure if we can recoop the costs of rebuilding, but I want to at least look into it.

Any suggestions for developers / home builders that have experience with multi unit housing is really appreciated as well.