Only very rarely do we come across a fairly large detached house priced at under $880,000 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 McRoberts Avenue just north of St. Clair – and adjacent to the Prospect Cemetery. Add the two together, the $879,000 current house purchase, and a brand new laneway house build that will cost under $350,000, and you have two houses for less than $1.23 million – or $615,000 each house.
Now, the laneway house at this location on McRoberts Avenue could likely be as large as 950 square feet over two floors.
Or even more with basement, but this will add to cost. Looking out over the graveyard, we think it’s perfect.
The photo of the laneway house under construction above is an east side laneway house from MGB Construction.