My husband and I own 5 revenue properties and our own home. Due to the change in the real estate market, we are finding it difficult to purchase cash flowing properties.
One of our properties is a great cash flowing duplex with a detached garage. The basements are unfinished in the duplex. We have spoken to our city and their response is that if we were to finish the basements, we could not put suites in them. Our lawyer thinks we have a good argument because the building is strata titled. The zoning is R2. What do you think? Should we suite or not? I have a problem with non-conforming suites, but my husband says that he is okay with it because they neighbours are okay with it.......Beverley
One of our properties is a great cash flowing duplex with a detached garage. The basements are unfinished in the duplex. We have spoken to our city and their response is that if we were to finish the basements, we could not put suites in them. Our lawyer thinks we have a good argument because the building is strata titled. The zoning is R2. What do you think? Should we suite or not? I have a problem with non-conforming suites, but my husband says that he is okay with it because they neighbours are okay with it.......Beverley
