Laneway housing takes form in affluent Edmonton neighbourhood

It was just recently that while viewing properties in Garneau very near the U of A where it's littered with income producing property, my client and I during a showing found ourselves looking back on to "laneway housing". Being that the street/neighborhood is zoned RF3 (RF3 allows for semi-detached housing with up to four units per building), this homeowner decided to take advantage by creating a residence above his/her garage. This infill (newly built home in an older neighborhood) is a prime example of the possibilities and/or potential uses of the current zoned RF3 application in the neighborhod. Although this residence is newly built, this picture keys in on expanding your horizons related to your current residence or acquiring a piece of real estate and creating value through its tangible land use zone application.

Vancouver housing market remains some of the most expensive real estate in Canada. With the lack of ability to build across far and wide, like what we have in Edmonton with our vast lands, Vancouver must build upwards rather than onwards. It is a bit of a problem as this inflates land values relating to minute purchasing power for homeowners (that is of course if you want to live the Vancouver lifestyle moreover than the suburbs like Burnaby, Coquitlam, Richmond, Surrey, etc.). The city has passed bylaw allowing for the creation and development of laneway housing. In contrast to the condo lifestyle, it provides for a unique and affordable style of living in an area where you might not ought to have before been capable of residing within.