Walked by this build a few times, first one in the hood that I can remember selling the Laneway individually:

https://www.realtor.ca/real-estate/2...reet-vancouver

On the fence whether this is preferred over a half duplex

Coach homes were always weird and awkward. With them getting larger, we may be getting away from that. Previous I’d say I’d prefer a half duplex but now….??

I'd rather go with a coach home because you're not sharing a wall.

They want 1.2m for a small family of schmuck to live behind them in a tiny house!??!?!

What the fuck is this? Hong Kong?

What would entice someone living on a SFD with a good size lot to build a laneway house? You live there to have space from neighbors not have a closer one looking into your window /backyard. Plus it also costs like $600k to build. Also you lose garage space too

You’ll never recoup your investment these days through rental income.

600k in a market fund outperforms the rental and property value increase all day long. The only real reason to build anything decent now is either in-laws or to sell like this one. I don’t see much other reason

My wife says one day we might need to replace the garage with a laneway house so that the kid(s) have a place to live. Eventually we would move there and switch places with the kid(s).

Get rid of my garage? No way! That is the home of my cars and how else can I hoard like a guangdonger?

The somewhat good news is that you can keep your garage AND build a unit in the back. If you're in Vancouver the only requirement is that the square footage of your garage counts against the total buildable footage. If we're talking laneway on a standard lot you can now build about 800sf or so but I would expect further up zonings to happen so that it'll be more like 1200sf in a few years so you could have 400sf for a garage and then 800sf (or more) for the home part.

In Burnaby you can already build a really big rear unit with a garage - on a standard lot you could theoretically build a 4000sf unit in the back (including the garage). More likely it'd be something like a 2400sf unit (600sf per floor)

Not sure why they are listing it with fake stats


Land Size
4059 sqft

Annual Property Taxes
$9,999

And yea I won't pay $1000 sq for that

According to BC Assessment the lot is a 66x122 lot so I'm guessing some form of subdivision is happening and they don't have new numbers yet.

I think the square footage is incorrect too - if they subdivided to two standard lots then the max should be 800sf or so (plus exclusions) so maybe 900sf max but that includes the garage. I also don't see how a 2 bedroom laneway like that could measure 1250sf.

There are a bunch now at 1100-1200 sq ft right around there

I’ve seen builders build a similar lane way and the sq footage of the laneway matches each side of the duplex now

You are correct. I'm happy if i sort of come above 60% of the time. Given mortgage, prop fees, taxes etc. The only way you get a better is if you held onto it for over 10+ years. (maybe not now).

Looking back (and not trolling), 2006 was my property at 240k now it's $550k at some shit ass 3 level 1980 apartment behind Richmond High Moffatt. Now i'm curious to see if my 240k RRSP has out performed 1X 20 yrs from now.

I still think allowing coach homes to be titled and sold as separate properties is a great idea because opens up a real opportunity for families.

For example, if a property is inherited by siblings, being able to sell the coach home separately allows one to cash out and keep the main house. It makes it much more practical to retain the family home as a generational property, instead of being forced to sell the entire lot just to divide assets.

as an investment

2006: put 50k down on 240k.
2026: tenant has finished paying off your mortgage.
Walk away with 550k

2006 50k into sp500
2026, your stonks go 5x, now your at 250k
Walk away with 250k

Il take the extra 300k

https://youtube.com/shorts/zI63FV6Jd...kdMhkMKmGpHffp

edit: wtf you can't embed Youtube shorts?!

You ricemond , Delta dwellers ready for the tsunami? Hide your LC, hide yo golf r, hide your type r

A bit of an extra step, but you can replace "shorts/" with "watch?v=" to force YouTube to show the clip as a standard video.

2006: put 100's of k's into partying and living the dream
2026: Fulfilling life as family man
Walk away with $0 but rich baby momma

That must be crazy to have a bank account with 6 figures of cash... you could go anywhere and do anything...

Imagine buying Nvidia stock in the early 2000's, you'd think it would be a NO BRAINER because it powers all of the GPUs that we play games on. How come our parents never pointed out obvious investment wins like this? Definitely going to setup an AI-trading account for my kid. Being 47 and having basically never invested in anything, it feels like I have to learn this so my kid can grow up with 100x the financial literacy I did.

but you wont. You'll just sit in your McMansion getting fatter and balder and more racist while spewing garbage on RS.....

uhhhh

BoC rates holds steady, to the surprise of no one.

^^ I wonder what their plan is, but I guess they really have no plan. The news articles keep saying housing is dead. And our economy is so built on housing. Realtors, mortgage people, construction guys can't eat at cactus no more. Then cactus starts laying waitresses off also. :suspicious::considered:

I know a bunch of fat guys who are willing to pay for sex.

Oh no! Realtors have to find real jobs

lol that reminds me of my client telling me that these indian uncles would ask these young female realtors for sex/favours if they wanted to list their houses

I never really believed that, but probably possible.

No it's true. I have a realtor friend, she's brown, she's only sold one place and that's of the old fella she's fucking, as his side piece :lol