Laneways homes were touted as a method to densify single family neighbourhoods and as mortgage helpers for homeowners. They’ve now starting to spring up all over the city an the cost to build a typical laneway nowadays is about $250,000-300,000.
This home, built in 2011 is located in Dunbar on W.27th Avenue. Is energy rated “GOLD” , has an HRV system, A/C, heated floors on every level throughout, including laneway.
One of the unique features of this home is it has 3 full size kitchens, 3 separate laundry w/gas powered dryers for each. The laneway is beautiful. It has vaulted ceilings, a glass staircase, an office space + bedroom above, balcony, and 2 separate entries. It was one of the first Laneway Homes built by Odenza Homes.
Naturally, the big selling feature is that this home has 2 Legal Suites. #1 Basement which is fully finished. It nets $2200/mo. Secondly there is the Laneway Home- 540 SQ FT 2 levels, fully finished. It nets $1800/mo. Each have their own separate addresses.
Essentially 3 families are able to cohabitate on one footprint 33 x 130 (your typical Vancouver Special). With the mortgage helpers a $6000/mo mortgage can be subsidized by $4000/mo. All of sudden it’s affordable to live in a the coveted west side of Vancouver.
There are a small handful of homes similar in style to this one, but only this one offers the Laneway + 2nd legal accommodation below. For young families, this kind of model will become more and more common and necessary in order to live comfortably in the same neighborhoods our parents did.
Legal Basement Suite