Compare homes that solve the same need
Define the intended unit: bedrooms, access, storage, outdoor space, utilities and transport. Compare genuinely similar homes and keep a range of asking rents. A citywide median is context, not a rent promise for a particular basement, garden suite or new apartment.
Resolve site and approval questions early
Make a written question list for the local planning and building offices: permitted use, unit count, access, servicing, drawings, inspections and any occupancy conditions. Rules and approvals are address-specific. A rental listing, a neighbour’s project or an online calculator is not evidence that your proposal is approved.
Budget through the first occupied year
Include professional fees, approvals, construction, contingency, carrying costs, furnishing if applicable and an operating reserve. Keep the completion date separate from the first paid month. Run a downside scenario with a later opening and lower collected rent, then document what would make you pause or redesign the project.
Common questions
Can Azyba confirm that a unit is legal?
No. Verify the address and proposed work with the responsible authorities and qualified professionals. This resource helps organize the questions, not issue approvals.
Should I use the highest comparable rent in my budget?
Use a range and document the differences between homes. Test a lower-rent case and vacancy separately; an advertised price is not evidence of a signed lease at that price.