Only very rarely do we come across a fairly large house priced at under $800,000 in Toronto. AND the legal opportunity to add a brand new – and relatively large – additional detached laneway house on the very same lot, for less than $350,000.
Today, we see that unique opportunity right here on Pickering Street in the east side. Add the two together, the $799,900 current house purchase, and a brand new laneway house build that will cost under $350,000, and you have two houses for less than $1.15 million – or $574,500 each house.
Now, the laneway house at this location on Pickering Street could likely be as large as 1,100 square feet over two floors plus basement.
Or even more with basement, but this will add to cost. We think it’s perfect.
The photo of the laneway house under construction above is an east side laneway house from MGB Construction.