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Highlights
2:44 – Being a real estate entrepreneur before entrepreneurship was cool
3:11 – Marcel Greaux bio in his words
7:02 – Advice to younger self from Marcel Greaux
9:42 – Trusting yourself and assessing the risks of quitting your job
12:08 – The worst thing is indecision and dealing with regret
15:01 – Life outside of business
20:41 – New Multiplex Zoning is a great opportunity for real estate investor and homeowners
24:01 – Best Property for Multiplex conversion in Toronto
26:40 – Standardizing the Multiplex design, review, and approval process in Toronto
30:13 – Financing option that can make Multiplex more attractive
37:52 – Difficulty and difference between duplex and Multiplex conversion project
45:12 – Importance of reducing duration of Multiplex conversion
49:32 – Look at the rents for single basement in Toronto $3,500, now times 4 or 5
51:01 – Subsidizes to create affordability in Multiplex as a housing option
In this episode Marcel Greaux The Founder and CEO of Renoshare delved into the new Multiplex Zoning Bylaw in Toronto and its impact on residential communities. We explore what property type will lend itself well being converted from a house to a multiplex in Toronto. Recognizing that this new and many residences will begin inquiring how to execute on this type of property conversion, we highlight possible challenges that action takes will invariably encounter such as financing, and renovation complexity. Also, will this Multiplex bylaw inspire further support from the government to deliver more affordable housing and streamline the review process.
Marcel Greaux is a Canadian entrepreneur, real estate investor, and philanthropist from Toronto, Ontario. He is the founder and CEO of Renoshare, a company that provides a bulk buying, cost sharing platform for contractors, real estate investors and homeowners to save cost on material purchase for their renovation projects.
Marcel was born in Toronto and grew up in an entrepreneurial family and attended Toronto Metropolitan University. Marcel’s career as a mortgage agent helped him honed his skills as a real estate investor and entrepreneur. He began investing in his earlier 20’s and became financially free by his early 30’s. His areas of expertise include setting up Joint Venture partnership, Land Assembly, Mid Rise development, Construction Financing, multiplex conversion. Marcel is also a serial entrepreneur with business start ups in financial service, software development and construction. His philosophy is simple, plan the big picture and then execute with passion and energy.
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