While it’s important to note that owners building laneway houses under the city’s Changing Lanes program can’t sever it and sell it like this property, it does show the kind of value that can be added. A laneway house build similar to this one, would likely cost under $500,000 to build (lot size permitting).
From Realtor.ca:
Tucked Away In A Quiet Laneway, You Will Find This Architectural Gem Of A House. A One Of A Kind Opportunity To Own A Home Boasting Tonnes Of Character And Unique Features. With 16 Foot Ceilings, Plenty Of Windows And Loft Qualities, This Home Is Open, Bright And Spacious. Modern Kitchen With Ss Appliances And Caesarstone Counters. Main Floor Master With Ensuite And W/I Closets. Lower Level Second Bedroom And Bath. Breathtaking Rooftop Terrace W/Gas Hook Up.*
You can see the entire listing HERE.
