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About

As Toronto's leading walk-up apartment developer, we provide an end-to-end investment service

FOUNDING

Modcity was founded by partners bringing nearly three decades of combined expertise across custom homebuilding, investment banking, and private equity.
In 2022, in preparation for the enactment of The Multiplex Bylaw, we strategically shifted our focus to fourplex and sixplex development.

MISSION

Our objective is to deliver 1,000 spacious, family-friendly homes in desirable neighbourhoods by late-2030.

This goal represents approximately 180 buildings, with more than 95% of units offering three-bedroom layouts to help address the growing need for housing suitable for families.

Our STORY

From a vision in 2022, with three founders, we've grown into Toronto's widely recognized leader in fourplex and sixplex development.

2022

2022

  • Founded in Toronto in 2022, in preparation for the 2023 Multiplex Bylaw
  • A clear vision, and big goal, of delivering 1000 family-sized purpose-built rental units across Toronto

2024

2024

  • Initiated construction of our first batch of 6 new-build fourplexes
  • Scaled up our execution team and working partners to accommodate rapid growth

PRESENT

PRESENT

  • On a steady and calculated growth trajectory, with over two dozen investors
  • Leading market share, with 10+ new-build fourplexes completed and leased, and 50+ buildings in our pipeline

59

Buildings under development or occupied

280+

Dwelling units under development or occupied

$30M+

Committed capital

$230M+

As-complete asset valuation

modcity's
‍competitive
edge.

Largest Market Share

  • Leading Toronto’s multiplex sector with 3x as many projects relative to our closest competitors
  • Positioned as Toronto’s most active and trusted builder of multiplexes

Economies of Scale

  • Scale-driven operations allow us to offer investors highly competitive construction prices and faster project timelines
  • Standardized procedures and repeatable processes with enhanced quality control

Construction as a Core Competency

  • Having built the largest volume of multiplexes in the industry, our company is grounded in real construction experience
  • Our in-house construction management team boasts decades of combined experience building custom homes and now multiplexes

Robust Balance Sheet

  • $220M+ as-complete asset valuation underscores Modcity’s capacity to deliver high-performing rental assets
  • Over $30M in committed capital to date, demonstrating strong investor confidence and financial discipline

Premium Multiplex Builder

  • Modcity homes are built with durability in mind for a long term hold that distinguish our units and paves the way for securing AAA tenancies
  • From initial design to final inspection, we uphold a zero tolerance approach to shortcuts

Public Facing

  • Deeply engaged with the public and government bodies, actively advocating for progressive housing policies
  • Highly accountable to the communities we serve, maintaining strong relationships with local committees, councilors and representatives
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OUR VALUES

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ALWAYS ACT WITH INTEGRITY

  • Absolute accountability for our actions and commitments
  • Act in the best interest of our partners and clients to build healthy and mutually beneficial long-term relationships

RESULTS DRIVEN

  • Focused on delivering measurable outcomes
  • Committed to creating lasting value

DEDICATION TO RELATIONSHIPS

  • Build long-term partnerships, even if it means sacrificing short-term gains
  • Think from the client’s perspective and work backwards

TRANSPARENCY IN OUR ACTIONS

  • Transparent, frequent, and clear communication and reporting
  • No critical information is withheld from project stakeholders
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