Laneway Houses provide:
- Increased Property Value
- Rental Income
- Improved Family Living
WHAT EXACTLY IS A LANEWAY HOUSE?
Laneway homes, unlike other forms of infill development, provide extra living space without disturbing the look and character of a neighbourhood. These units turn underutilized space into useful real estate. Laneways, which can sometimes look rundown or scary, become safer, more accessible, and interesting, adding to the character of a neighbourhood.
Laneway suites are a specific type of detached secondary suite, which are ancillary to the principal residence and front onto a residential laneway. A laneway suite is smaller than the main home and located at the rear of a residential lot with all of its services (water, sewer, electricity, gas, garbage, mail, and emergency services) sourced from the principal residence, not the laneway. Laneway suites could be used for family members or as a rental unit, but remain under ownership of the main house and is not severable. (from Toronto.ca)
BENEFITS OF LANEWAY HOUSES: