Toronto’s recently expanded multiplex housing opportunities have given rise to a builder focused on speed and scale. Modcity has quickly become one of Toronto’s most active fourplex developers, with 27 infill projects underway across established neighbourhoods — each featuring a garden or laneway suite as a fifth unit. Founded in 2022 when the company’s trio of founders saw opportunity in Toronto’s changing planning landscape, Modcity says it is already delivering spacious, family-oriented rentals at a pace rarely seen in the sector.
Anticipating the passage of the City’s 2023 Multiplex By-law, partners Ron Sheinin, Crane Liu, and Rohan Sadana combined backgrounds in custom homebuilding, investment banking, and private equity to create a company designed for efficiency and repeatable results. Together, they gathered a team of 11 professionals and advisors with expertise across development, construction management, and acquisitions. Their shared aim is to scale a model that delivers family-sized rental housing in established neighbourhoods, pairing private-sector precision with the responsiveness of small-scale infill.
The company’s approach is a standardized, design-build system that compresses the development cycle from years, with each project moving from acquisition to permits in roughly five months, including Committee of Adjustment approvals, followed by about ten months of construction and leasing. This fifteen-month turnaround contrasts with the five- to ten-year timelines typical of larger buildings. Managing every stage from site acquisition to construction, financing, and tenant move-in, the company applies consistent design and construction methods across all projects.