Due to the current price escalation of real estate
, the city of North Vancouver, Canada approves coach houses construction for qualified individuals. Coach houses are also known as granny flats, laneway houses or carriage houses. Small and self-contained this homes share space with a large primary home.
If you want comfort for your guests, a mortgage helper or a peaceful space to concentrate on work, a coach home is the perfect solution. Also instead of buying that second condo in vancouver, in expensive areas like Coal Harbour
, West End
, you can simply build your own in your backyard.
Increase Income with your Coach Home
The coach home serves you with an opportunity to increase your income and an equal opportunity to expand the living and playing space in your home. Unlike basement suites which offer limited privacy for you and your tenant coach homes are more private and are more marketable since they offer your tenants and you total independence. Building a coach home is cheaper than building a larger home since you can connect the coach home to existing power and water mains.
The city of North Vancouver, Canada approves coach houses for Vancouver land lots that are located within the city of North Vancouver. The qualifying lot should also be used by a single family (RS zoning); the lot should be 3900 square feet at the least, with a width of 33 feet. The coach home should take up at least 15% of the 40% taken up by both the primary and secondary home in the lot.
The city approves North Vancouver real estate that does not clash with that of the larger primary home and that also do not merge with the surrounding environment. There are two types of coach homes The one storey class ‘A’ coach home has 800 square feet of living space, the 1.6 storey class ‘B’ coach home up to 1000 square feet.
The advantage of building a secondary Vancouver home is that it will help you with paying your mortgage and increase your income and greatly contribute in increasing the living space in your home. This is certainly a relief given the hot market Vancouver is currently facing
Is your Vancouver home eligible for a Laneway House?
See below for a heat map of eligible properties that allow for coach homes. The Yellow and orange areas show the RS1 and RS5 zoning for building a laneway property. It is the best method of seeing just where we are allowed to build in the area.
If you have any further questions please contact me and I can provide you with more details: 604-767-3703.