City of Vancouver Laneway Housing Guidelines
You own your home, but need more cash flow.
- Rather than having a suite in your home which reduces an owner’s privacy, a laneway house is self-contained and totally removed from your personal living arrangements.
- Like many people, you may not be convinced of the benefit of a reverse mortgage. Look into building laneway housing and you may find it to be a wonderful source of alternative income.
Enhance the value of your property in Vancouver and receive passive income.
Here’s one example of initial investment:
Ballpark numbers indicate that approximately $280,000 investment completes your laneway home. This could bring in a rental income of around $2500/month (depending on your location and other factors); and with financing costs at about $1000, not only would you clear around $1500 additional income per month, but your property would be worth more!