Laneway Housing University of Toronto (3s, Baird Sampson Neuert)

[Disparishun]

A little OT, but I've thought there is a business opportunity for a company that would approach homeowners with a laneway housing package: they would apply for the permits, construct it, and finance it, in exchange for a right to the majority of X years of rental income. The homeowner benefits from the incremental property value and a small percentage of the rent, the company could have a lien against the home to ensure that they are paid appropriately if the initial homeowners sell. Efficiencies of scale and learned experience would assist the company in doing this type of infill in a cost-effective manner.

I think this has been happening for a while -- here's a Vancouver version from a couple of years ago, and iirc I've seen signs looking for recruits for this in Toronto.

Off-topic, but where I'd really like to see this model is with empty-nesters in suburban homes -- intensify the property to the extent allowable, pushing the envelope a bit; add tenants; use the revenue as retirement income.

 

[AlbertC]

Sept 27, 2020

 

[DavidCapizzano]

I wonder if these have been stained or if the siding will be allowed to patina. I think they'd look really nice in a silvery mossy grey.

 

[AlbertC]

Oct 17, 2020

 

[AlbertC]

Nov 21, 2020

 

[condovo]

I've got to admit that I've written off laneway housing as nothing more than nauseating, elitist posturing and indulgence--I mean, really, who can afford laneway houses other than gazillionaires?-- but these just look so damn good.

 

[UtakataNoAnnex]

Welp...that one turned out alright!

 

[smably]

‘Beautifully designed and beautifully built’: U of T unveils new laneway, infill housing

Three families have been given the keys to three brand new homes on the University of Toronto’s St. George campus – two of which can be easy to miss.

www.utoronto.ca