Accessory dwellings (e.g. laneway houses) were building types that have, in my opinion, uniquely shaped Toronto’s neighbourhoods. I’d ride my bicycle along the back streets and discover these hidden architectural gems.
The possibility of building one of these to increase space and property value has always been a great topic of conversation when we’re out on our friends’ decks looking at their garage behind their house:
If I were to build another house on my lot,
I would use it as a __________ (fill in the blank).
By spring/summer of 2021, you will be able to add Garden Suites to the mix.
What is a Garden Suite?
Here is the definition in Toronto’s recent report “Expanding Housing Options in Neighbourhoods.” :
Garden Suites are sometimes referred to by other names, such as “coach houses”, “tiny homes”, and even “granny flats”. However they are all effectively the same idea – a detached accessory dwelling unit generally located in the rear yard of a detached house, semi-detached house, townhouse, or other low-rise dwelling. It is generally smaller in scale, functioning as a separate rental housing unit.
From recent conversations with builders and architects, these accessory dwellings are increasingly popular as this can potentially increase livable square footage, and property value.
Curious if your lot has room for another dwelling? I’d be happy to connect you with a building professional who can give a free consult or a more official one for a small fee. Now that’s truly knowing how much more your home is worth.
Toronto Stats this Past week
MLS activity from November 25 to December 1 for residential properties:
Compare the above to the week before from November 18 to 24 when there were 8,096 for sale, 917 newly listed, 354 sold & 12,745 for rent. NOTE: Big drop in homes for sale is normal this time of year.
Today’s newest listings
TORONTO HOUSES FOR SALE
|Under $950k||$950k to $1.2M||$1.2M to $1.6M|
|$1.6M to $2M||$2M to 3M||Over $3M|
TORONTO CONDOS FOR SALE
|$500k to $600k||$600k to $700k|
|$700k to $800k||$800k to $1M||Over $1M|
|GTA Fixer Uppers||Ontario Foreclosures||Map Search|
(Email or call me directly for specific sold or off-market properties)
If you would like me to look up any other numbers for you, just call or text me 647-804-8601.
Let me know how I can help with your (RE)search.