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Early access · Self-serve feasibility for Canadian sites
Know if the numbers work.Before you're invested.
Model a project from unit mix to investor returns, test it against an architect-verified zoning by-law database, and walk into the lender meeting with the binder already built.
$500 per project, everything includedWinnipeg parcel lookup liveConventional and CMHC financing
The problem
Someone else is looking at the same lot.
Rush the due diligence and you miss the one by-law line that caps the project. Take your time and the other buyer closes. Either way, the offer gets made on a napkin number and the asking price.
Offer madeWeek 2Week 4Week 6
A commissioned study$5,000+ per lot, paid up front. So you study one lot and guess on the rest.
WorthBy-lawPencilsGo firm
FeasibL™$500 per lot, one afternoon. Every lot you're serious about.
WorthBy-lawPencilsGo firm
The other buyer closes
01
What is this lot worth to you?
The price you can pay depends on what you can build. Most offers anchor to asking instead.
02
What does the by-law actually allow?
“Zoned multifamily” is a broker sentence. Height, setbacks, parking or density: one of them is the ceiling.
03
Does it pencil at that price?
A napkin number can’t say whether the deal carries its debt, or which assumption breaks it.
04
Can you go firm?
A lender wants their tests run before you waive conditions. Your spreadsheet alone won’t get you there.
FeasibL™ answers all four in an afternoon, for $500 a lot. Run every site you're serious about, not just the one you already committed to.
How it works
From an address to a lender-friendly report.
STEP 1
Start with an address
Drop in the address and your lot is ready to work on: property lines, zoning requirements and the buildings around it, imported for you.
STEP 2
Shape what you could build
Pick the uses you want to develop and model the buildings. FeasibL™ sizes them as you go and checks every change against the zoning by-law, live.
STEP 3
See it before it exists
Turn your massing into renderings with frontier AI image models, ready to put in front of partners, lenders and the city.
STEP 4
Make the deal work
Set your financing, choose whether you hold and lease or build and sell, and enter your revenue and cost assumptions. FeasibL™ scores the project against the tests a lender applies.
STEP 5
Take it to your lender
Export a lender-friendly feasibility report with IRR, return on investment, equity multiple, NOI and multi-year cash flow: what your lender and investors ask to see.
The report
Walk into the lender meeting with the binder already built.
Nine pages, from zoning compliance to the partnership split, exported from the same project.
- 1Cover
- 2Zoning compliance
- 3Site & envelope
- 4Development program
- 5Conceptual site plan
- 6Financial pro forma
- 7Cost, cash flow & sensitivity
- 8Feasibility scorecard
- 9Partnership & distribution
The financial model
Every number a lender wants to see.
Run the full investment analysis before you commission a study or make an offer, then export projections ready for the capital stack conversation.
- Multi-year cash flow with monthly projections
- IRR, equity multiple and LP/GP equity waterfall
- Conventional and CMHC construction loans, compared side by side
- Residential and commercial use-split revenue
- A feasibility scorecard graded against lender tests
Financing · Conventional and CMHC
Conventional or CMHC? See which loan carries the deal.
The Financing tab sizes a conventional construction loan and CMHC financing side by side, then tells you which one leads. CMHC terms follow the program CMHC is running, and the model is updated when they change.
Example scenario · illustrative
| Conventional | CMHC | |
|---|---|---|
| Loan amount | $6.24M | $9.12M |
| Equity required | $3.36M | $0.48M |
| Annual debt service | $460K | $440K |
| DSCR | 1.30× | 1.36× |
CMHC leads$2.88M less equity, at a lower annual payment
CMHC tiers in the model
| Tier | Points | Max LTC | Amortization |
|---|---|---|---|
| Tier 3 | None | 90% | 45 yr |
| Tier 2 | 47+ | 95% | 50 yr |
| Tier 1 | 65+ | 100% | 50 yr |
Render studio
A proforma proves the deal. A render sells it.
Turn your zoning-compliant massing into photoreal concepts for the investor deck, the lender package and the community hearing, so the room sees a building instead of an empty lot.
- Concepts from your actual massing, not generic AI art
- Style control for decks and lender packages
- 50 render credits included with every project
MassingRenderDrag to compareThe design suite
Build the feasibility study yourself.
Run massing options, test setback rules, generate parking layouts and tie it all to the proforma. A deterministic zoning engine does the checking.
- 3D massing and multi-building generation
- Live parking requirements and auto-fit layouts
- Massing auto-populates the proforma
- Lender-friendly PDF export
Architect-verified by-law database
The zoning is checked by an architect, then by the engine, every time.
Winnipeg's setbacks, parking standards, overlays and use rules are encoded and verified by a registered architect against the actual by-law. It is a screening tool: confirm final figures with the authority having jurisdiction.
Winnipeg · liveMore Canadian cities · on the way
Not in Winnipeg? The financial model runs on whatever numbers you give it: financing, cash flow and returns.
Parcel screen · exampleChecking
Front, side and rear setbacks
Maximum height
Lot coverage
Parking standard
Overlays
Permitted use
Screened against the Winnipeg Zoning By-law
Where it works today
Live in Winnipeg. More Canadian cities on the way.
Projects start with a Winnipeg address, where the parcel lookup and the architect-verified by-law database are live. Anywhere else in Canada, the financial model runs on the numbers you give it.
Winnipeg · liveRest of Canada · financial model only
Pricing
$500per project
One site, unlocked permanently, zoning through to the lender binder. A slow year costs you nothing and there is no renewal to forget.
- Subscription
- Seat licences
- Project caps
- Locked features
- Expiring credits
Checking a parcel is free and needs no account.
Buying ahead
Projects bought in advance wait on your account until a site comes up and stay good for a year.
QtyPrice per projectEachSave
1$500—
3$45010%
10$35030%
20$30040%
Questions, answered straight
Your deal stays yours.
Is my project confidential?
Yes. A project is private to you and your workspace, under database rules. We never sell or share your deal data.
Who maintains the zoning rules?
A registered architect encodes and verifies the by-law database. Treat results as screening and confirm with the city before you commit.
Can I get a refund?
Within 30 days, any project you have not started is refunded at the price you paid. A started project is yours permanently.
Does your next site pencil?
Check the parcel for free. Unlock the full model, massing, renders and lender binder when the site is worth it.
FeasibL™ is a self-serve real estate feasibility platform published by Dark Horse Matrix Inc. Built for Winnipeg today, with more Canadian cities on the way. © 2026 Dark Horse Matrix Inc.
