Hello,
We are doing some small renovations (mainly wear and tear) to a semi-detached property in Toronto but, as is, the place is a 2 bedroom, 1 bathrooms, complete with sauna in the finished basement. The 2 bedrooms are both fairly large and one of the two could be reverted into the two tiny original bedrooms originally present but I'm not entertaining that just now as it will house 2 small kids just as well as 1 bedroom (and given the size of this property, added large kids/people aren't really an option in any case).
The sauna in the basement will be reverted to a second bathroom but I wondered about the rest of the finished basement. Are there rules/guidelines defining what constitutes the "+1" bedroom in 2+1 bd/2 bath? Figured this could be a great guest bedroom without much effort or expense if planned right. I planned to install a window well for greater access/egress to/from the basement while addressing some external drainage issues in any case. Would anything beyond installing a wall-bed be required officially for MLS listing purposes? My realtor seems to agree it's a good idea but has avoided answering.
Full disclosure: this isn't an investment property but a downsizing of personal residence to reduce commuting time. The goal for the family however remains to move out west in a few years so we're trying to plan ahead. Also just really curious.
Thanks for any guidance.
We are doing some small renovations (mainly wear and tear) to a semi-detached property in Toronto but, as is, the place is a 2 bedroom, 1 bathrooms, complete with sauna in the finished basement. The 2 bedrooms are both fairly large and one of the two could be reverted into the two tiny original bedrooms originally present but I'm not entertaining that just now as it will house 2 small kids just as well as 1 bedroom (and given the size of this property, added large kids/people aren't really an option in any case).
The sauna in the basement will be reverted to a second bathroom but I wondered about the rest of the finished basement. Are there rules/guidelines defining what constitutes the "+1" bedroom in 2+1 bd/2 bath? Figured this could be a great guest bedroom without much effort or expense if planned right. I planned to install a window well for greater access/egress to/from the basement while addressing some external drainage issues in any case. Would anything beyond installing a wall-bed be required officially for MLS listing purposes? My realtor seems to agree it's a good idea but has avoided answering.
Full disclosure: this isn't an investment property but a downsizing of personal residence to reduce commuting time. The goal for the family however remains to move out west in a few years so we're trying to plan ahead. Also just really curious.
Thanks for any guidance.
