From the Vancouver Sun:
Many municipalities are now actively encouraging the construction of laneway houses – sometimes also known as coach houses – so there’s added incentive for homeowners to build what could become an extra income-generator and increase the value of their property beyond the initial cost of the laneway home, says Rory O’Flynn, owner of Vancouver-based TSL Laneway Homes, which builds mainly on Vancouver’s west side.
PLEASE NOTE: Toronto laneway housing regulations have recently been updated, some of the information contained in the linked articles may be out of date or inaccurate as of today’s date.
A laneway house typically ranges in size from 600 to 900 square feet, costs from $350,000 to $400,000 to build, and could be rented out for around $3,000 a month, he says.