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Tag: Laneway Suites Toronto

  • Here’s Why Accessory Dwelling Units Cost So Much

    Here’s Why Accessory Dwelling Units Cost So Much

    We discovered Toronto’s most expensive construction secret while pricing our first ADU project in the Pape and Danforth area.

    The numbers came back higher per square foot than some of our largest new home builds. Not slightly higher. Significantly higher.

    This revealed something the ADU industry doesn’t want you to know.

    The Mathematics of Small Spaces

    Every home needs one kitchen and one bathroom minimum. These costs don’t scale down with square footage.

    A $25,000 bathroom represents 3.1% of an $800,000 large home budget. The same bathroom consumes 7.5% or more of a smaller ADU budget.

    The kitchen follows identical mathematics. Same specifications, same cost, devastating impact on smaller projects.

    Industry data confirms this reality. Mid-range bathroom remodels average $25,251 whether installed in 600 square feet or 2,500 square feet.

    The Utility Setup Trap

    Utility connections cost $25,000 to $45,000 regardless of ADU size. A 300 square foot unit requires the same water, electrical, and gas lines as a 1,200 square foot unit.

    The pricing doesn’t change. The per-square-foot impact explodes.

    This single cost category can represent 20% of some ADU budgets. Professional sitework confirms $25K covers basic utility connections, with costs reaching $30,000 for complex installations.

    The Industry Marketing Problem

    Pure play ADU builders conveniently leave utility upgrades out of initial discussions. They don’t want to scare potential clients away from what we consider one of the most expensive types of dwellings you can build in Toronto.

    These companies have made huge bets on ADUs being the next big thing. Their entire business model depends on marketing them as affordable housing solutions.

    The mathematical reality tells a different story.

    The Hidden Economics

    Construction data reveals ADU costs exceeding $600 per square foot, potentially making them more expensive than luxury housing per square foot.

    The economics work against small spaces. Fixed costs like permits, design fees, and site setup get distributed across minimal square footage.

    Labor productivity drops in confined spaces. Specialized equipment becomes necessary. Premium expertise commands higher rates.

    The smaller you build, the more expensive it becomes per square foot.

    What Property Owners Need to Know

    Understanding these economics before investing prevents costly surprises. The ADU marketing bubble promotes affordability while hiding the mathematical reality of construction costs.

    Fixed costs don’t disappear because buildings get smaller. Essential systems don’t become cheaper in compact spaces.

    Smart property investment requires honest cost analysis, not marketing promises.

    About BVM Contracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, new home construction, multi-unit renovations, garden suite construction, and laneway suite construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations and home building projects in Toronto, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • Understanding Ontario Regulation 462/24: Additional Residential Units in Toronto

    Understanding Ontario Regulation 462/24: Additional Residential Units in Toronto

    Understanding Ontario Regulation 462/24: Additional Residential Units in Toronto (Updated May 2025)

    Ontario Regulation 462/24 is a pivotal update for homeowners and developers looking to add Additional Residential Units (ARUs), also known as Accessory Dwelling Units (ADUs), to their properties. This regulation introduces new standards that simplify the process of adding ARUs, making it more accessible for property owners across the province. It is important to note that municipalities like the City of Toronto are still working through how to implement the regulation, and in some key areas, they’re not adopting all the proposed changes outlined in the O. Reg 462/24.

    This blog outlines the key aspects of O. Reg. 462/24, updates to Toronto’s zoning bylaws, and how homeowners and developers can take advantage of these new provisions.

    Key Updates in Ontario Regulation 462/24

    The most significant changes brought by Ontario Regulation 462/24 include:

    Applicability and Unit Limits

    The regulation applies to properties that are proposed to contain a maximum of three residential units. This includes:

    • A second residential unit in the primary home plus a garden or laneway suite.

    • A third unit within the primary dwelling (without an additional garden or laneway suite).

    • A garden or laneway suite where the primary home contains no more than two units.

    It is important to note that properties exceeding three residential units (e.g., triplexes adding a laneway suite or a fourplex) do not qualify under this regulation and will continue to be governed by Zoning By-law 569-2013.

    Reduced Setback Requirement

    The new regulation mandates a minimum separation distance of 4 metres between an ARU and any other residential building on the same lot. However, the City of Toronto retains the ability to enforce greater separation distances where necessary.

    For example, if the required distance is only 4 metres, the maximum height for an ARU remains 4 metres.

    In cases where a 7.5-metre separation is achieved, taller ARUs may be permitted, consistent with existing garden and laneway suite height restrictions.

    Elimination of Angular Planes

    The angular plane requirement, which previously restricted the height and shape of ARUs to minimize shadowing on adjacent properties, has been removed entirely. This change simplifies the design process and opens the door for more creative and functional unit layouts (especially for the second level of these garden suites and laneway suites).

    Lot Coverage and Floor Space Index (FSI)

    The total lot coverage for all buildings and structures is capped at 45%.

    There is no longer a maximum floor space index (FSI) for lots containing an ARU, making it easier to maximize living space within existing zoning setbacks and height restrictions.

    Impact: This change enables homeowners to build larger secondary units without FSI limitations, aligning with previous regulations for multiplexes, garden suites, and laneway suites.

    By-Law Interactions & Implementation

    When Do These Changes Apply?

    The updated regulation is immediately applicable as of November 20, 2024 to:

    • New Committee of Adjustment applications received after November 20, 2024.

    • New building permit and zoning review applications.

    • New zoning by-law amendment applications.

    • Existing variance applications where no decision has been made.

    • Existing building permit applications where permits have not been issued.

    Does the City Of Toronto’s Zoning By-law Prevail?

    The short answer is no, the City of Toronto has taken the O. Reg and made the following changes to the zoning by-law for garden suites:

    🔺 Angular Plane Rules Removed

    The City has eliminated the angular plane requirement for garden and laneway suites. Applications must still comply with existing angular plane limitations — the City has not worked around this provision of the regulation, and building permits continue to reflect this constraint.

    ↔️ Separation Distance From Main House: No Change for Taller Builds

    While the province introduced a potential 4-metre minimum setback from the main house, the City of Toronto is not applying this for buildings taller than 4 metres. For builds that are 6m to 6.3m tall, the separation requirement remains at 7.5 metres, with one exception:

    Ward 19 garden suites may continue to follow a 5-metre setback rule.

    ✅ 4-Metre Separation Now Allowed for 4m-Tall Builds

    For garden or laneway suites that are 4 metres or less in height from grade, Toronto is accepting a 4-metre separation from the main house. This is a slight relaxation from the previous 5-metre minimum and aligns with the regulation.

    🚫 No Application Behind Triplexes or Larger

    Wanted to reiterate this since it is something that is important in Toronto as well. None of the provisions in Ontario Regulation 462/24 apply to lots where the main building is a triplex or larger. These lots are not eligible for the streamlined permissions introduced by the regulation — a key limitation for multi-unit properties.

    What This Means for Toronto Homeowners

    ✔ Faster approval times due to fewer zoning hurdles.

    ✔ Increased housing options through garden suites and laneway suites.

    ✔ More flexibility in design without angular plane restrictions.

    ✔ Maximized lot use with no FSI restrictions.

    ✔ Clear separation distance requirements for new builds.

    If you’re considering building an additional residential unit, now is the time to explore how these regulatory changes can work in your favor. Contact BVM Contracting today to discuss your project and navigate these new rules seamlessly.

    Benefits of Ontario Regulation 462/24 for Toronto Residents

    1. Increased Housing Opportunities

      The regulation supports the creation of more rental units, helping to address Toronto’s ongoing housing affordability challenges.

    2. Simplified Design and Construction

      By eliminating angular planes and reducing setbacks, property owners can more easily design ARUs, including Garden Suites and Laneway Suites, that fit within their lot’s footprint.

    3. Enhanced Property Value

      Adding an ARU can significantly increase a property’s value by providing additional living or rental space.

    Helpful resources and links to learn more

    Ontario Regulation 462/24

    City of Toronto Presentation Outlining Their Updates Based on O. Reg 462/24

    Why Toronto is Embracing Garden Suites and Laneway Suites

    Garden Suites and Laneway Suites have become increasingly popular as practical solutions for expanding housing options in Toronto. These structures allow homeowners to optimize their properties while adhering to updated Toronto Zoning Requirements for Garden Suites and Laneway Suites. With the elimination of angular planes, constructing a Garden Suite or Laneway Suite has become more straightforward and accessible.

    Why Choose BVM Contracting for Your Garden Suite or Laneway Suite Project?

    At BVM Contracting, we specialize in building Additional Residential Units, including Garden Suites and Laneway Suites in Toronto. Our team is well-versed in navigating municipal regulations, including Ontario Regulation 462/24, to ensure your project is compliant and seamlessly executed.

    Expertise in Toronto Zoning

    We’re up-to-date with the latest Toronto Zoning Requirements for Garden Suites and Laneway Suites and can help you adjust existing applications to reflect the new setback and design standards.

    Customized Solutions

    Whether you’re looking to add a rental unit or expand your living space, we deliver tailored solutions that meet your unique needs.

    End-to-End Services

    From design and permitting to construction, we handle every aspect of your Garden Suite or Laneway Suite project.

    Honest and fair pricing

    We will give you the actual costs to build a garden suite or laneway suite in Toronto because we have the data from our past projects and like to manage expectations early on in the pre-construction process to ensure that we create customers for life. We also have a portfolio of pre-fabricated garden suite plans that can help you save some money on your accessory dwelling unit project.

    Frequently Asked Questions (FAQs)

    Are angular planes removed from Garden Suites and Laneway Suites in Toronto?

    Yes, the angular plane requirement has been removed under Ontario Regulation 462/24, simplifying the design and construction process for Garden Suites and Laneway Suites in Toronto. This has been confirmed with a representative from the City of Toronto and will apply to current and future applications.

    What is the new setback requirement for Garden Suites and Laneway Suites in Toronto?

    The new setback requirement is a minimum 4 meters between the primary dwelling and the Garden Suite or Laneway Suite, but comes with restrictions for building height (as mentioned above)

    Do I still need a building permit for a Garden Suite or Laneway Suite in Toronto?

    Yes, you must apply for a building permit. However, the updated regulation simplifies compliance and expedites the approval process.

    Can I adjust my existing application to reflect the new regulations?

    Yes, existing applications can be revised to align with the 4-meter setback and removal of angular planes.

    Who can benefit from these updates?

    Homeowners with properties containing up to three living units, such as two units within the main house and one Garden or Laneway Suite, can take advantage of these changes.

    Start Your Garden Suite or Laneway Suite Project Today

    Contact BVM Contracting today to learn more about how Ontario Regulation 462/24 can benefit your property. Together, we can help you create a functional and stylish Garden Suite or Laneway Suite that enhances your property’s value and utility.

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • Attached Secondary Suites Versus a Garden or Laneway Suite

    Attached Secondary Suites Versus a Garden or Laneway Suite

    As Toronto continues to embrace gentle density and the expansion of low-rise housing options, many homeowners and investors are exploring how best to add a secondary unit to their property. While garden suites and laneway suites are popular choices, there’s another smart solution that is sometimes overlooked: adding a secondary suite through a rear extension or home addition to your main dwelling.

    In this blog, we’ll explore when a secondary suite addition might be a better fit than building a detached structure like a garden or laneway suite.

    What Is a Secondary Suite Through a Rear Extension or home addition?

    A secondary suite is a self-contained residential unit located within or attached to a primary dwelling. In the case of a rear extension, this means building additional living space at the back, side or front of your home that includes its own kitchen, bathroom, and entrance. You can also look to add a secondary suite by completing a home addition which would add an additional level above your existing home.

    This type of addition can offer all the functionality of a detached accessory dwelling unit (ADU), but without the costs and challenges of a standalone build.

    When Is a Rear Extension the Better Option?

    1. Your Property Is Too Far from a Fire Hydrant

    According to Toronto’s fire code, detached garden and laneway suites must be within a certain distance of a municipal fire hydrant. If your backyard is beyond that distance, adding a rear extension instead of a detached unit is often the only viable way to add a second unit legally.

    By attaching the new suite to the main home, you avoid the need for costly fire suppression systems like sprinkler installations.

    2. Budget Constraints

    Detached garden and laneway suites often require:

    • Additional site servicing (water, sewer, and electrical lines)

    • Separate foundations

    • Additional architectural and engineering fees

    These costs can quickly add up and sometimes can make the project cost-prohibitive. A rear extension typically shares infrastructure with the main house and can share walls, reducing complexity and lowering construction and permitting costs.

    3. You Want to Maximize Indoor Living Space

    Unlike detached ADUs, which are physically separate from your house, a secondary suite built via a rear extension or home addition can feel more integrated into your property. This can be ideal for multi-generational living situations or for rental units that feel like part of the primary residence.

    4. Your Property Doesn’t Qualify for a Garden or Laneway Suite

    Some properties don’t meet the City of Toronto’s zoning requirements for detached units. Whether it’s the size of the lot, the layout of the rear yard, or lack of rear laneway access, many homeowners are blocked from building a garden suite or laneway suite. In these cases, a rear extension or addition to create a secondary suite is often the best (or only) path forward.

    BVM Contracting: Your Partner in Smart Secondary Suite Design

    At BVM Contracting, we help Toronto homeowners navigate the complexities of building new units to your property—whether that is through rear extensions, garden suites, or laneway suites.

    We handle:

    • Design and architectural planning with our vetted list of permit designers and architects

    • Zoning review and permit acquisition

    • Cost-efficient construction strategies and guidance throughout the pre-construction process

    Our team can help you determine which option is best for your property based on your goals, lot conditions, and budget.

    Why Choose BVM Contracting for Your Accessory Dwelling Unit or Secondary Suite Project?

    At BVM Contracting, we specialize in building many different types of structures, including home additions, laneway suites, garden suites, basement apartments, new home builds, and more! We have a lot of tools in our toolbelt and can listen to your needs to determine which type of project will make the most sense given your budget constraints and wishlist. We are not just a one-trick pony that will force a solution down your throat. We also possess the following strengths to help ensure an efficient pre-construction and construction process.

    Expertise in Toronto Zoning

    We’re up-to-date with the latest Toronto Zoning Requirements for Multi-unit development in Toronto and can help you craft a design that will fit all or most of your requirements within your desired budget.

    Customized Solutions

    Whether you’re looking to add a rental unit or expand your living space, we deliver tailored solutions that meet your unique needs and actually listen to you.

    End-to-End Services

    From design and permitting to construction, we handle every aspect of your residential construction project in Toronto.

    Honest and fair pricing

    We will give you the actual costs to build whichever project works for your budget and needs in Toronto. We have the data from our past projects and like to manage expectations early on in the pre-construction process to ensure that we create customers for life.

    Conclusion: Choose the Right configuration of secondary for Your Needs and lot constraints

    While garden suites and laneway suites are exciting opportunities for increasing your property’s value, they’re not right for every home and property in Toronto. A secondary suite built through a rear extension or addition can be a more practical, affordable, and permitted solution for many Toronto homeowners.

    To explore your options, contact BVM Contracting today. We’ll help you create a plan that fits your space, your needs, and your future. Book your free zoning analysis and property consultation to determine what options you have to add gentle density to your property!

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, lot severances, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.

  • Toronto Laneway Suites

    Toronto Laneway Suites

    Laneway Suites

    Toronto, Ontario

    What is a laneway suite? Where can you build a laneway suite in Toronto? Is my property eligible to build a laneway suite? What incentives are there to build a laneway suite? How do you build a laneway suite? And what is the approximate cost to build a laneway suite? BVM Contracting is here to answer all of these questions in this blog!

    As of August 2018, the City of Toronto has allowed the construction of laneway suites in Toronto. This is an exciting new plan to help increase the number of available housing stock in the City and try to make the City of Toronto more accessible and affordable. Learn how you can take advantage of your laneway’s untapped income potential and create a second unit/secondary suite on your property.

    What is A LANEWAY SUITE?

    A laneway suite is a self-contained living accommodation for a person or persons living together as a separate single housekeeping unit, in which both food preparation and sanitary facilities are provided for the exclusive use of the occupants of the suite, in a detached building that is ancillary to a residential building on the same lot, and is located in the rear yard abutting a public lane. Laneway housing is considered to be a second unit/secondary suite.

    WHERE CAN YOU BUILD A LANEWAY SUITE in Toronto?

    Further than the obvious answer of “in a laneway”?

    Initially, laneway suites were constrained to the Toronto and East York Districts, as they were the most dense in laneway properties. Although, as of Summer 2019 the construction of laneway suites is allowed across the entire City of Toronto. The only restricted area in the city is bounded by Avenue Road, the Canadian Pacific (CP) Limited rail corridor, Yonge Street, Rosedale Valley Road, Sherbourne Street, Bloor Street East and Bloor Street West.

    What are the Design Requirements for Laneway Suites?

    To keep it really simple the following image shows the major design requirements for being able to build a laneway suite on your property.

    The key aspects of the design to make note of are are the requirements for setbacks from property lines, separation from the principal residence, and soft landscaping for the property. There are also specific guidelines for building height based on the size and layout of your existing dwelling, and restrictions on the shape (or even existence) of the second storey if the Laneway Suite is too close to the Principal Residential Building.

    There are certain aspects of the by-law that offers flexibility in design of the laneway suites, namely:

    • The floor area of Laneway Suites do not count against the total floor area allowed on the lot.

    • Laneway Suites do not require a parking space for cars, although they do require a minimum of two bike parking spaces within the build-able footprint allowed by the setbacks (inside or outside the building). In addition to this, any lot containing a Laneway Suite does not require parking spaces at all. So, there’s no need to worry about getting into trouble if you give up a garage parking space to create a suite.

    BVM Contracting will be able to complete an on-site evaluation of your property to determine if it qualifies for the construction of laneway housing! Contact us to set-up a meeting!

    Incentive Programs for The Construction of Laneway Suites

    1) Development Charges (DC) Deferral Program for Ancillary Secondary Dwelling Units

    Since the development charges in the City of Toronto are not cheap, the City of Toronto was able to create a deferral program that allows homeowners building an ancillary secondary unit (AKA a laneway suite) to defer the development cost of the laneway suite, as long as the suite remains apart of the property and is not severed into a new property within 20 years of the issuance of the building permit.

    The DC Deferral Application can only be filled out (click here to open the form) after you apply for a building permit for the construction of a laneway suite. Additionally, if you intend to apply for this program, please do not pay your development charges as the City will not be able to credit back the fee.

    To learn more about who can apply and how to apply reach out to a BVM Contracting Renovation Consultant to start the conversation!

    2) Affordable Laneway Suites Program

    The Affordable Laneway Suites Pilot Program provides funding in form of a forgivable loan of up to $50,000 for eligible property owners developing a laneway suite. The loan will be forgiven in 15 years from the date when the first tenant occupies the laneway suite. A forgivable loan is essentially a loan that is voided if all of the terms of a particular agreement are satisfied. In this particular scenario, the rent being charged cannot exceed the City of Toronto Average Market Rent, by bedroom type at any time during the 15 year affordability period, as reported annually by Canada Mortgage and Housing Corporation (CMHC). Make sure that you understand the implications of charging average market rent, as it may lead to less rental income and also constrain you to only renting to long-term tenants.

    It is important to note that, just like the DC Deferral Program, you will need to have applied for a building permit before filling out the form (which can be found here). You will also need to be approved for the DC Deferral Program, so ensure that you fill out the DC Deferral Application form as soon as possible after you apply for your building permit!

    To learn more about if the affordable laneway suites program works for you reach out to a BVM Contracting Renovation Consultant to start the conversation!

    The Process of Building a Laneway Suite with BVM Contracting

    Once you have your building permits completed and approved for the project, the following process will be taken to build the laneway suite.

    • Demolition/Excavation: Before the process of building the laneway suite is started, the existing structure needs to be demolished. BVM Contracting will be able to efficiently demolish your existing structure and remove the debris using our in-house disposal services. The excavation will also be completed for the location of the laneway suite and a trench will be run in between the primary residence to the laneway suite to run the infrastructure out to the new secondary laneway suite.

    • Utility Infrastructure Run-outs: Once the slate is blank, this is the time to run all of the underground infrastructure to the location where the laneway suite is being constructed. More often than not the underground infrastructure (drains, plumbing, and natural gas) will need to be trenched from within your home out to the laneway suite. BVM Contracting will determine the location of all of the infrastructure on the property to determine the most cost effective way to run everything out to the laneway suite.

    Note about electrical: You have the choice to install a separate meter or use your primary residence’s existing infrastructure to run the electrical out to the laneway suite.

    • Foundation Creation: The building permits outline the type of foundation needed to support the load of the new laneway suite. BVM Contracting will ensure that the concrete work is completed quickly and efficiently to minimize the effect on laneway access to your fellow laneway-using neighbours. The foundation will be poured and underground infrastructure will be brought in once the foundation work is completed.

    • Rough Framing: Using our warehouse conveniently located in the City of Toronto, we are able to build the structure of the laneway offsite to minimize the disturbance in the laneway and the amount of framing material stocked on site. We then transport the components of the laneway structure to your property to be assembled within 2-3 days depending on the size and complexity of the structural detail for the home.

    • Roofing, Windows/Doors, and Exterior Finish: To enclose the structure and make it weather-resistant, the roofing is completed, windows/doors are installed, and exterior finish is installed. The exterior windows/doors and finish are then sealed to allow for a water-resistant finish.

    • Rough-in Work (electrical, plumbing, and HVAC): Usually as the exterior is being finished the interior of the laneway home or suite is being roughed-in for electrical/HVAC/plumbing. All plumbing supply lines and drains (for toilets, sinks, showers, bath tubs, hot water tank, etc.), electrical wiring (for potlights, ceiling lights, kitchen lighting, exterior lights, receptacles, baseboard heating etc.), and HVAC lines (for heat pumps, air conditioner, gas lines, etc.) are installed so that they can be insulated and dry-walled over.

    • Insulation & Drywall: Once the plumbing, HVAC, and electrical inspections are passed, it is now on to insulating the home. Ensure that the walls and attic are well insulated, and if you have a garage under the laneway suite ensure that the floor joists are insulated as well. If you are using both levels for livable space, it is recommended to insulate the concrete slab before installing flooring. You could even consider hydronic heating on the main level to help heat the entire suite.

    • Flooring Installation: Hardwood (solid or engineered), vinyl, tile, or laminate flooring will be installed based on the client’s specifications.

    • Finish Carpentry & Stairs: Once the insulation and drywall work is completed, it is time to complete the finish carpentry work (baseboard, shoemould, casing for windows and doors, hanging the interior doors, etc.) and installation of the stairs.

    • Finishes: This is the last step and usually includes the following items:

      • Painting

      • Vanity install

      • Toilet install

      • Faucet/Tap install

      • Kitchen cabinet and counter top install

      • Staining

      • Light fixture install

      • HVAC fixture install (supply and return vents)

    The Cost to Build a Laneway Suite in Toronto

    The cost to build a laneway suite will vary depending on the following variables:

    • Laneway access

    • The location of infrastructure on the property (electrical service, sewers, drains, plumbing, and natural gas).

    • The proposed square footage of the laneway suite.

    • Access to primary residence infrastructure (to provide connection to electrical, sewers, drains, plumbing, and natural gas).

    • Exterior finishes (vinyl siding v.s. stucco v.s. Maibec v.s….)

    • Interior finishes (IKEA v.s. custom cabinets, vinyl versus hardwood, etc.)

    It is safe to assume though that the cost to build and finish a laneway suite will be anywhere from $300 000-$600 000. Let BVM Contracting visit your property to determine if your property qualifies and what the approximate cost will be based on the above variables.

    It is important to note that laneway suites will also increase the value of your property, since secondary suites provide extra income to the property that can be used to subsidize a future buyer’s mortgage.

    Conclusion

    Laneway suites will be a very popular and potentially lucrative investment opportunity for any home owner that owns a property with an eligible laneway property. Let BVM Contracting, an experienced new home builder in Toronto, help you evaluate the return on investment and competitively budget your project so that you know the exact cost to build a laneway suite on your property.

    Contact us to speak with an experienced residential renovation company and get your laneway home build experience started! We will be able to walk you through the process of completing the project, from concept to completion.

    About BVM COntracting

    BVM Contracting is a full-service General Contractor or Home Builder located in Toronto. We provide home renovation and building services for major home renovations (kitchen renovations, bathroom renovations, basement renovations, full interior renovations, home additions, and new home construction). Our goal is to help guide our clients through the process of renovating their home, from concept to completion.

    Further than providing General Contracting and Project Management for major home renovations, we also offer value-added services such as renovation financing, renovation rebate consultations and services, building permit and design services, smart home installation services, and real estate investor services.

    To learn more about our offering by visiting our services page.