Development Feasibility.
The two most expensive questions in development, answered.
What should I build? Is it profitable?
Most of a project's cost and risk is decided before a shovel is in the ground. A feasibility study settles both questions before you commit.
The Expensive Path
The expensive path.
Answered the usual way, these two questions mean assembling a dozen professionals: a lawyer, a planner, an architect, an engineer, a realtor, a builder or cost consultant, a lender, a mortgage broker, and a financial analyst, each at their own fee. It commonly runs up to thirty thousand dollars and months of time, and it often ends in no build: the massing comes back too small, the density does not pencil, or the approval risk is too high.
Thousands spent, months lost, nothing built.
The Integrated Solution
The integrated solution.
TESA brings the whole analysis under one roof: one comprehensive, coordinated feasibility study, delivered in days, not months, at a fraction of the cost of assembling it piece by piece. One unified report, one point of contact, and the full picture you need to make the decision yourself.
Built by the Whole Group
Built by the whole group.
This is why it can be done under one roof. The dozen outside professionals are already inside TESA, across the four divisions, and each one feeds the study.
Real Estate
The market read and the underwriting: comparable rents, value, and position.
Development
The massing, the design, and the hard and soft costs.
SKLTN
The structural and framing reality: what can be built, and how.
Capital
The financing and the CMHC modeling, debt and equity.
One coordinated team
The feasibility study
Together they build one study. And because it is built in-house, if you proceed the same group executes it: the brokerage transacts, Development builds, SKLTN frames, and Capital structures the financing. Taken as one bespoke engagement end to end, that is Signature Build.
Signature BuildWhat Is Inside
What is inside.
Every study is a unified, investor-grade report from one coordinated team, with no gaps between disciplines and no outputs to reconcile across separate consultants. What you receive:
What you should build
- Zoning and policy due diligence: by-law and policy review and analysis.
- Development massing: unit mix and site plan.
Whether it pays
- Market rent study: comparable rentals, tenant profile, demographics, and absorption.
- Construction hard and soft cost budget.
- Investor-grade pro forma, with a CMHC scenario modeled for MLI Select and Standard.
- Return metrics: DSCR, ROI, ROE, IRR, and yield on cost.
- Equity and financing requirements and modeling.
The Deliverable
A unified, investor-grade report from one coordinated team, one point of contact, delivered in ten to fifteen business days, with rush orders available on request.
Know before you commit.
The Questions It Answers
The questions it answers.
Without clear answers, you are making a six or seven-figure decision on incomplete information. A feasibility study answers the questions that decide a project.
- Does the site make financial sense?
- What are the return metrics: DSCR, ROI, ROE, and IRR?
- What is a realistic massing and unit count?
- Is the project eligible for CMHC MLI Select financing?
- What equity and financing will it require?
- What does an accurate pro forma look like?
- How do the redevelopment options compare?
- Does the site have costly dead ends to avoid?
- Can it be screened quickly before you commit resources?
Two Tracks
Two tracks.
The study is a paid service. When TESA represents you in the purchase or sale of the property, the fee is credited back on closing. Prices and tiers are on the Multiplex track page.
Free Property Consultation
Start with a free property consultation.
Before any feasibility study, we start with a free property consultation: we look into your property and walk you through what we find in a short virtual meeting. Sometimes that conversation is enough to point you in the right direction, and if we do not believe a project is feasible, we will tell you so before you spend a dollar. Send the address, and within 24 hours we review the property and sit down with you with our findings. Rush orders on the full study are available on request.
Request a property consultationThe Integrated Advantage
Real Estate brings the market read, Development brings the massing and the costs, SKLTN brings the structure, and Capital brings the financing. When a client wants the entire arc handled as one bespoke engagement, that is Signature Build.
Your property, multiplied.