January 24th, 2022 | Toronto
More Housing Options for Toronto’s Low-Rise Neighbourhoods
Garden Suites Are Coming to Town – aka Coach Houses.
Now that’s exciting news … but before we explain why …
What are Garden Suites anyway?
Garden Suites are sometimes referred to by other names such as Tiny Homes, Coach Houses, or even Granny Flats. They are a detached accessory dwelling units built on the rear yard of a detached house, semi-detached house, townhouse or other low-rise dwelling. In other words an extra, smaller home in your backyard!
Think of the possibilities… If you have kids, you can pretend you don’t and just send them to their own little quarters .. or better yet, hello home office, gym, quiet oasis or what have you!
City of Toronto
Jokes aside… This means accommodating different types of households (i.e. intergenerational living) as well as creating separate rental housing units – which will only get more important as the cost of homes, living, goods and services only continues to increase. Every extra dollar counts and don’t forget…
additional housing = additional square footage = additional resale value!
What’s your opinion on Garden Suites? Like, dislike … obviously it’s not great in terms of backyard privacy … Would you consider building one in your backyard?
We are experts in helping our clients find the perfect Toronto property with great laneway housing potential and know a thing or two on how to get the process started! 😉 Need some guidance?
YES, PLEASE HELP ME FIND MY DREAM HOME!
Our dear clients, Marina & Brent, did! And here’s their story:
Marina reached out as her and her husband, Brent, were looking to expand on their Real Estate investment ambitions. Having worked with Marina before, we knew that she was well versed in what it meant to purchase in the Toronto market.
Super astute, Marina’s ‘og’ purchase was quickly converted to a duplex (via basement apt), after she recognized that she didn’t need all that space, and today operates as a standalone positive cashflow investment property.
Smart, driven, with a great sense of style & aesthetic, we were excited to see what she’d do next – and like her, Brent is savvy with a great understanding of numbers and importantly, the upside potential – this pair was a joy to work with!
The search got serious in the fall and we acquired an awesome semi in the Dufferin Grove community, steps from the Bloor subway line & slated for multi-unit development – fun fact: Amir & Aleks own an investment property on the very same street – like 15 seconds away! Fitting to their determined and no bs personalities, they didn’t waste any time!
We introduced them to our go-to team for this type of conversion and they were off to the races – modernizing the main/2nd floor unit with an incredibly tastefully renovated kitchen, fixtures and hardware + completely redoing the basement suite (including kitchen, bath and flooring) … and of course, paint .. paint is always your ROI best friend.
Oh, but this duo didn’t stop there, oh no, they immediately thought of the laneway housing potential and secured a team to build the same this Spring 2022 – upping their cashflow game like no other! These guys are unstoppable, it doesn’t hurt that they’re also down-to-earth and know how to enjoy their lives.
Here’s what they said about us:
Do you have any Real Estate related questions? We’ll be happy to help!
