Earlier this year we were called out to look at this home near Eglinton and Bathurst.
48 hours later the listing Realtor had in hand our 18-page laneway house report for the property.
Days later the home sold for $1.55 million. Our laneway house report is just $249 – HERE.
From the Globe and Mail:
Agent Belinda Lelli said she spoke to a specialist in laneway housing who confirmed that the current two-car garage attached to the property would be eligible for conversion as a separate residence. “So I then marketed the property to investors and not just end users,” agent Belinda Lelli said.
After hearing that a neighbouring home was sold for $1.43-million in late 2019, the sellers of this house set their sights on getting $1.5-million for theirs. The two-storey house on a 25-foot-by-115-foot lot adjacent to a laneway is steps from future Eglinton Light Rail Transit line, and it was feared that the noise of LRT and condominium construction might deter bidders. But the sellers underscored the home’s long-term potential and eventually, two offers were presented in February.
Agent Belinda Lelli said she spoke to a specialist in laneway housing who confirmed that the current two-car garage attached to the property would be eligible for conversion as a separate residence. “So I then marketed the property to investors and not just end users,” agent Belinda Lelli said.