A Laneway home or “suite” is a self-contained residential unit located on the same lot as a detached or semi-detached house, townhouse, or other low-rise home and generally located in the rear yard serviced by a laneway. This secondary “dwelling” is completely autonomous from the main house, however all utilities are connected and shared with the primary home.
Laneway suites create opportunities for additional and affordable housing options in low density neighbourhoods beyond traditional home ownership or rental units. Most often, these suites offer a second home for family members wishing to remain close (e.g. an elderly parent or child leaving the nest) or a rental suite that provides the primary homeowner with supplemental income.
Laneway suites are popping up all over Toronto, oftentimes close to key amenities such as schools, parks, restaurants and transit. As these suites are almost always built in a rear laneway using existing land and infrastructure, the investment can be rather lucrative for the homeowner, while the neighbourhood maintains its beauty and character.
Lanescape, Toronto’s premier company for the planning, design and development of Laneway and Garden suites, was instrumental in bringing this affordable and family-oriented alternative housing option to our City. Watch this short introductory video of Lanescape’s CEO Craig Race as he provides a high level overview of this profitable and booming Toronto real estate trend. At TorontoLaneway.Homes, we strongly believe in the concept of choice – and that is exactly what a home with Laneway housing potential offers. Check out our latest blog to see how Laneway Living (link to blog) delivers affordable lifestyle choices for you and your family.
