The growing population in Canada provides a unique opportunity for self-storage investors and owners alike. In cities such as Toronto, which is home to 6.2 million people, space is at a premium and rates can reach $50 per square foot or more. However, urban densification can also pose challenges as space becomes scarce, and rates can increase to $50 CAD per square foot or more in certain areas. In such a situation, investors may wish to consider building drive-through self-storage facilities to meet the growing demand.
Building a drive-thru storage facility
If you’ve always wanted to own a drive-thru storage facility, you may be wondering if the process is as simple as it seems. It can be, if you have the right mindset. There are a few things that you need to consider before you start building. For one, make sure that the location is accessible to drivers. A drive-thru storage facility is an excellent option if you’re trying to get to an area that is less crowded.
A lot of Canadians move around frequently, and they are increasingly looking for safe places to store their possessions. With rising house sales, more people are storing their items, and they’re continuing to declutter. This is a great opportunity for businesses to provide a more strategic way to store goods, and a drive-thru facility is an excellent option for this. This type of facility can also help build local jobs.
Challenges of building a drive-thru storage facility in Canada
There are several challenges when building a drive-through storage facility in Canada. First, the local government must approve the plan. Secondly, there are strict fire codes to comply with. Third, it must meet the requirements of the provincial government. Finally, it must meet the specifications of the land zoning bylaw. These requirements could delay the project by several months. But if the business plan is right, the project can be completed within the timeframe.
Cost of building a drive-thru facility in Canada
A drive-through facility can operate 24 hours a day. The hours of operation will depend on the capacity of the drive-through facility, the number of employees, and the rate of incoming clients. The time that each vehicle spends in the drive-through facility also depends on the weather and the lighting. In Canada, there are many regulations that govern the operation of these types of facilities. Here are some of the most important factors to consider when building a drive-through.