From Toronto Storeys:
Judging from a recent real estate sale in Vancouver – a city that’s actively embraced laneway housing in the past decade – laneway homes may quickly be becoming hot, increasingly out-of-reach, pieces of real estate. A laneway house in Kitsilano just sold for $1,850,000 – the price of a mansion in many parts of Canada.
Located at 1959 West 15 Avenue, the 1,555-square-foot, two-level laneway house features three bedrooms and two-and-a-half bathrooms. Sutton Group-West Coast Realty listed the charming home on August 18, 2020. After four days on the market, the new homeowner purchased it on August 22 with a $48,000 price discount.
From Marty: It’s probably important to note that most new Toronto laneway houses can not be “severed” and sold on their own.