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Danforth Homeowners: Capitalize on Your Property with a Laneway Home
In August 2018, Toronto City Council approved the construction of laneway homes throughout the 310 kilometers of identified laneway space. Since then, fewer than 100 properties have been built or are currently in the permit process. The City has approved all laneways in the old city of Toronto and East York (defined by the Danforth and Beaches neighbourhoods) as available for construction. This means 47,133 current lots could have laneway homes built on their property. These properties encompass much of the lower city, with roughly 21 kilometers spanning the distance from Old Mill to Main Street Station. While close to two-thirds of the designated laneways are west of Yonge Street,…