Only very rarely do we come across a fairly large detached house priced at under $1M 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 $325,000.
Today, we see that unique opportunity right here on Morrison Avenue just north of St. Clair in Corso Italia. Add the two together, the $999,000 current house purchase, and a brand new laneway house build that will cost under $325,000, and you have two houses for less than $1.33 million – or $662,000 each house.
Now, the laneway house at this location on Morrison Avenue could likely be as large as 1,200 square feet over two floors.
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.