On a quiet lot in Toronto’s Oakwood Village, a modest mid-century bungalow is getting a second life.
The old roof has been torn off. Two new storeys are going up. Out back, what used to be a detached garage will soon be something else entirely: a compact, self-contained home. When all is said and done, that single-family house will have become five: four generously sized three-bedroom rental suites, plus one garden suite tucked neatly at the rear of the property. It’s not just a renovation — it’s a rethink.
And it’s exactly the kind of work Plexcon Construction has become known for.
As housing demand soars and affordability dwindles, Toronto’s “missing middle” has gone from planning lingo to urgent priority. It’s a term used to describe the low-rise, multi-unit housing that sits between single-family homes and condo towers; think duplexes, triplexes, fourplexes. The kind of housing that doesn’t overwhelm a streetscape, but still creates room for young professionals and starter families to live in the city. For years, zoning laws made building them almost impossible. But today, that’s changing. And Plexcon is leading the way in building the next generation of homes.
The Oakwood Village project is a sharp example of what the future could look like. The original structure was a typical one-storey bungalow with a basement suite — certainly livable, but also certainly under-utilized. Plexcon helped the homeowner transform it into a four-unit main building, each with its own entrance, and each spanning some 1,000 sq. ft. Two of those units are stacked townhome-style layouts, with bedrooms upstairs and living spaces down — ideal for renters who want the feel of a ground-level home without the cost. This spaciousness is intentional, and it’s also of-the-moment: with Toronto’s small-studio saturation, the multiplex approach is shifting towards larger units for young families, providing a cost-effective solution to the need for increased square footage.
Finally, behind the main house, the former garage is being converted into a 400 sq. ft garden suite, adding a fifth rental without pushing the limits on zoning or triggering costly variances.
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This kind of density might have been unheard of even a few years ago, but recent citywide policy changes now allow up to four units on a residential lot, plus a fifth via a laneway or garden suite. The goal is to quietly and efficiently scale up the city’s housing supply in already livable neighbourhoods. For investors and homeowners alike, it’s a rare overlap of public interest and private opportunity.
Plexcon, though, has long been ahead of the curve.
The company started as a custom home builder, but has spent the last several years leaning heavily into multiplex conversions. This focus has included top-ups, interior reconfigurations, rear extensions, and backyard suites. And the company isn't just tackling construction — they handle design, permitting, and energy compliance too. That means working within zoning boundaries to avoid delays, coordinating phased permits to reduce development charges, and aligning with CMHC’s MLI Select energy-efficiency standards to help projects qualify for favourable financing.
Importantly, Plexcon builds with budget top of mind. While the concept of a custom home (or custom anything) may feel luxurious, bringing this type of vision to life doesn’t have to break the bank. Plexcon’s approach aims to generate max asset equity and cash flow without a heavy sunk cost.
The Oakwood build, for example, includes upgraded electrical service, individual heat pumps for each unit, above-code insulation, and high-performance windows. The construction has been designed to yield long-term value through cash flow, energy savings, and asset appreciation. In short, it's a win-win-win.
As multiplex conversions gain traction across Toronto, Plexcon’s early focus in this space has positioned the company as a go-to for real estate investors looking to scale their portfolios — and for homeowners ready to tap into the full potential of their lots.
More than 145 residential rental suites have already been completed under Plexcon's guidance.
As the city continues to shift its stance on what housing should look like, companies like Plexcon aren’t just following the trend — they’re laying its foundation.
To learn more and get a free quote, visit plexcon.ca.
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This article was produced in partnership with STOREYS Custom Studio.
