Thursday, June 4, 2015

Maria Mak. Burnaby Realtor/Metro Vancoouver Real Estate Consultant - Laneway Homes

Laneway Homes

City of Vancouver has permitted laneway homes in all single-family neighbourhoods(RS zoning). A number of residents are adding laneway homes to their existing property, while others have decided to build them alongside their new construction. On average, 11 laneway house permits were issued per month during the first 100 laneway homes built in Vancouver, according to a study done by the city. 1645 LWH have been approved and 1147 have been given final inspection as of April 30, 2015.

What is a Laneway House?

Laneway housing is a detached dwelling on a single-family lot, facing the back laneway where the garage is located. One exterior parking space (minimum) is required on all lots with a laneway home. Houses that already have a secondary suite are still eligible. Note that STRATA TITLING IS NOT PERMITTED, as these dwellings are non-saleable.

Why Build a Laneway House?

Every owner has their own reason for wanting to build a laneway home, but most cite the need for alternative housing options. Here are the most common reasons:

  • Aging parents: A home in the backyard provides close proximity for parents who are fairly independent but still need some care. This could also be a space for caregivers.
  • Adult children: Instead of moving out entirely, a separate space on the same property provides growing children a cheaper alternative to renting their own place while going to school or starting their career.
  • Extra income: The laneway house can be rented out as an extra income earner.
  • Downsizing: Owners can move into their laneway house and rent out their main residence when downsizing.
  • Building community: Having a home face the back of the property adds liveliness to the back lane, as well as adding the option to plant greenery where there would otherwise be only a garage and concrete.
  • Being green: Adding more housing options on unused space increases housing density and adds an alternative form of rental housing for years to come. Laneway homes are part of Vancouver’s EcoDensity program and must comply with the new Green Homes Program.
Contact Maria Mak and her elite team @ Sutton Centre Realty for all your premium real estate services.

www.mariamak.com

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