Disparishun
Active Member
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.