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- Mar 24, 2009
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Basement Apartment Retrofit
In a city like Toronto, where the apartment vacancy rate is low and real estate values are high, many people rely on the rental income from a basement apartment to give them the edge they need to own a home. But is it a `legal` apartment? If not, how can it be made `legal`? In the process of legalizing the apartment, will I be inviting `trouble`? What if the `city` prescribes improvements that are prohibitively expensive? What if the `city` decides that I can`t have an apartment?
Read the full article here.
In a city like Toronto, where the apartment vacancy rate is low and real estate values are high, many people rely on the rental income from a basement apartment to give them the edge they need to own a home. But is it a `legal` apartment? If not, how can it be made `legal`? In the process of legalizing the apartment, will I be inviting `trouble`? What if the `city` prescribes improvements that are prohibitively expensive? What if the `city` decides that I can`t have an apartment?
Read the full article here.