Laneway houses are small secondary suites that are erected behind conventional street-facing houses on spaces adjacent to a public laneway and includes a parking accessory and dwelling unit.
There are a plethora of reasons why a property owner may want to develop laneway suites on their premises. In most cases, the space is meant for in-law suites and family homesteading. However, if the unit is used as an income/rental property, the R.O.I. can be quite remarkable. Laneway homes raise the rental housing quality, revamp the neighborhood, and make use of existing infrastructure.
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