Initial Ontario House Hack: Duplex or Triplex as a target?

[Maclean Gordon]

Hello Canadian BP community and fellow soon-to-be investors,

I'm searching for my first property to house hack in the Southwestern Ontario market. A duplex has always seemed easiest to grasp, both from a management and affordability perspective. That said, I'm wondering if there are enough 'Pros' in searching for leads on Triplex and/or 4plex deals? Of course, this would take more creativity for obtaining financing (i.e. partnering, etc.). I could always take 50% of the deal if the numbers work for cash flow, CoC%, and ROI%.

Assuming the numbers work, is this simply a preference thing? I've learned a lot via BP, but it's mostly USA based and I want to make sure I'm not overlooking anything regulatory in our fine province of Ontario.

Reaching out to hear any Pros and Cons you may have experienced when considering 3 or 4 unit MFHs vs Duplexes!

Thanks in advance for taking the time to read and respond.