ONE Development
ONE Development is a Toronto-based private real estate developer building as-of-right 6-unit Missing Middle multiplexes, using lot severance to reach 12 units per lot. It earns development management fees and syndicates equity to passive retail and accredited investor Limited Partners under a 7-10 year Develop-and-Hold strategy.
- Company typePrivate
- Founded2003
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2C
- OfferingServices
What ONE Development does
ONE Development Corporation is a Toronto-based, privately held real estate development company founded by Jason Ferreira in 2003 (operating since 2019 under its current Missing Middle focus after a 2023 pivot from custom home building). The company specializes in acquiring residential lots in Toronto's high-density corridors — particularly Scarborough North — to develop as-of-right 6-unit multiplexes, often doubling density to 12 units per original parcel through a lot severance strategy that avoids rezoning. Underlying technical and operational competencies include Toronto zoning expertise, Committee of Adjustment application execution, CMHC MLI Select financing structuring (up to 95% loan-to-cost, 50-year amortization at ~3.8%-4% rates), and a 24-month acquisition-to-stabilization development cycle. A completed flagship project, 225 King Edward in East York, demonstrates execution capability.
The business model is a hybrid of development management and passive equity syndication. ONE Development operates as the developer/GP, earning development management fees from property acquisition, planning, design, construction oversight, and lease-up. Capital is raised from a mix of accredited and retail investors who participate as passive Limited Partners in single-purpose vehicles, with investment tiers ranging from under $50,000 to over $500,000 per project. The go-to-market is sales-led and founder-driven: direct outreach, investor webinars, and a planned equity crowdfunding campaign are the primary channels, supported by content marketing and a Calendly-based consultation funnel. The hold strategy is 7-10 years, with returns realized through appreciation, refinancing events, and eventual sale.
Customer segments are retail and accredited investors, with no institutional LP base disclosed. The operational footprint is the Greater Toronto Area, though source data also references international partnerships (Raffles Hotels & Resorts in Mexico, DO Dubai Islands with Amr Diab) that may or may not belong to the same legal entity. The company is small (1-10 employees), founder-led, and has not raised institutional capital beyond a $104,951 round attributed to Google.
ONE Development firmographics
Firmographics- Name
- ONE Development
- Legal name
- ONE Development Corporation
- Website
- https://onedevcorp.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ONE Development is a Toronto-based private real estate developer building as-of-right 6-unit Missing Middle multiplexes, using lot severance to reach 12 units per lot. It earns development management fees and syndicates equity to passive retail and accredited investor Limited Partners under a 7-10 year Develop-and-Hold strategy.
- Ownership category
- akta.pro rank
ONE Development industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (23721)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industries
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI)
Keywords
Where ONE Development is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
ONE Development business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Others
Revenue model
- Equity Investment Returns: Investors contribute capital for property acquisition and construction. Returns are realized through equity appreciation, future refinancing events, and property sale events over a 7-10 year hold period. The investment model follows a Develop-and-Hold Strategy where short-term private lending covers acquisition and construction, transitioning to CMHC takeout financing upon stabilization.
- Development Management Fees: ONE Development generates revenue through development management and execution fees as the primary operator handling property acquisition, planning, design, construction oversight, and lease-up of multiplex developments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Under $50,000 investment tier |
| Other | Pay-as-you-go | $50,000–$100,000 investment tier |
| Other | Pay-as-you-go | $100,000–$500,000 investment tier |
| Other | Pay-as-you-go | Over $500,000 investment tier |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
ONE Development product offering
Product offeringCore offering
ONE Development Corporation is a Toronto-based real estate developer that acquires residential lots in the Greater Toronto Area to build as-of-right 6-unit multiplex (Missing Middle) housing, offering accredited and retail investors the opportunity to participate as passive Limited Partners through a Develop-and-Hold equity investment model. The firm handles the full lifecycle from property acquisition, lot severance, planning, and construction oversight to lease-up and stabilization, leveraging CMHC MLI Select financing for long-term hold.
Product overview
ONE Development is a Toronto-based real estate development company offering a unified platform centered on Missing Middle housing. The core offering combines property acquisition, Missing Middle housing development (including 6-unit multiplexes with as-of-right zoning), and the Develop-and-Hold investment strategy. Investors participate through equity ownership, leveraging CMHC MLI Select financing, with completed projects like 225 King Edward demonstrating the company's execution capability. The company focuses on Scarborough North and the Greater Toronto Area, providing both development expertise and investment access to individual investors as passive Limited Partners.
Differentiator
Problem solved
Functional benefit
Products and services
- 6-Unit Multiplex Development (As-of-Right Missing Middle)
- Develop-and-Hold Investment Offering
- Scarborough North Purpose-Built Rental Development
- 225 King Edward Project (East York, Toronto)
Companies that use ONE Development
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
ONE Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ONE Development partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and flagship.
- Amr DiabcoreAmr Diab attended the groundbreaking ceremony for DO Dubai Islands, a hospitality project valued at $200 million by ONE Development. The project expects to serve around 1,500 visitors daily.
- Raffles Hotels & ResortsflagshipPartnership with Raffles Hotels & Resorts (luxury brand of Accor) for the development of Raffles Estera East Cape Resort & Residences in Mexico's Los Cabos region. The project will feature 80 rooms and 46 branded residences designed by Olson Kundig. GFG Securities is advising on financing. This marks Raffles' first resort in North America.
- Steve BoultoncoreSteve Boulton joined the ONE Development Board with extensive experience in residential property redevelopment, asset management, and property development from planning through construction and property management. He is a licensed architect with an MBA from York University's Schulich School of Business and previously worked in the GTA real estate market.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
ONE Development competitors and assessment
Company assessmentBroad incumbents
- Tridel: Major GTA condominium developer building high-rise and mid-rise residences. Comparable as a Toronto-focused residential developer operating under the same municipal planning regime, though at higher density and scale than ONE Development.
- Mattamy Homes: One of Canada's largest residential homebuilders with a major GTA presence. Comparable as a builder competing for GTA land and developing single-family and stacked townhome product in the same zoning and financing environment.
- Minto Group: Large Canadian developer/builder with significant GTA rental and condominium exposure. Comparable for its purpose-built rental strategy using government-backed financing and its GTA multifamily focus overlapping with ONE Development's Scarborough North thesis.
- Brookfield Residential: Large North American homebuilder with GTA operations developing master-planned and infill communities. Comparable for GTA single-family and townhome product competing for the same end-buyers and rental tenants.
- QuadReal Property Group: Large Canadian real estate investor/developer active in GTA purpose-built rental housing. Comparable as a capital partner and operator pursuing CMHC-financed multifamily rental product in similar Toronto submarkets.
- Dream Unlimited: Canadian real estate developer with GTA residential and land development operations. Comparable as a developer pursuing GTA housing supply and asset management strategies that overlap with ONE Development's develop-and-hold model.
Direct peers
- Context Development: Toronto-focused developer of boutique mid-rise and townhome infill projects. Comparable as a small-cap GTA infill developer targeting missing-middle and mid-density typologies overlapping with ONE Development's multiplex thesis.
- Tribute Communities: Toronto-area residential developer building mid- and high-density communities including townhomes and condominiums. Comparable as a GTA-focused builder pursuing higher-density infill and missing-middle product types in the same regulatory environment.
- Great Gulf: GTA-based residential builder/developer of single-family, townhome, and condominium communities. Comparable as a mid-sized GTA builder actively developing mid-density and infill product in similar Toronto submarkets.
Emerging players
- PreCondo (Reserve Properties/Plus Developments etc.): Toronto-focused boutique condo and townhome developer broker network. Comparable as a sales-and-marketing channel for GTA missing-middle and mid-rise product, with overlapping investor and end-buyer audiences.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
ONE Development social profiles
Digital presenceONE Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
ONE Development leadership team
Management profileNumber of profiles
Profiles2 records
ONE Development funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ONE Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ONE Development
What does ONE Development do?
ONE Development Corporation is a Toronto-based real estate developer that acquires residential lots in the Greater Toronto Area to build as-of-right 6-unit multiplex (Missing Middle) housing, offering accredited and retail investors the opportunity to participate as passive Limited Partners through a Develop-and-Hold equity investment model. The firm handles the full lifecycle from property acquisition, lot severance, planning, and construction oversight to lease-up and stabilization, leveraging CMHC MLI Select financing for long-term hold.
Is ONE Development a public or private company?
ONE Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ONE Development founded?
ONE Development was founded in 2003. It employs 1 to 10 people.
Where is ONE Development based?
ONE Development is headquartered in Toronto, Canada, in the North America region.
How does ONE Development make money?
Two revenue lines are on record. Equity Investment Returns are the primary driver. The others are development Management Fees.
Who are ONE Development's main competitors?
Broad incumbents on record are Tridel, Mattamy Homes, Minto Group, Brookfield Residential, QuadReal Property Group and Dream Unlimited. Direct peers are Context Development, Tribute Communities and Great Gulf. PreCondo (Reserve Properties/Plus Developments etc.) is listed as an emerging player.
Does ONE Development have an API?
No public API is recorded for ONE Development.
What industry is ONE Development in?
ONE Development's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 236117 and its SIC code is 6552.