As a REALTOR®, my speciality is helping people “Right Size” ~ discovering the Right Size of home and lifestyle for a particular season of life. As homeowners we love options and the new RU7 zoning has created at least three!
If you own a home in the RU7 Zone, what are your options?
1. STAY AND ENJOY
Just continue on with life, enjoy your home and your Right Sized situation
Build a secondary building in the backyard and ‘sit’ on your investment
2a. You could Rent it out or Sell it off - Stratify or Fee Simple Subdivision
2b. Tear down your existing house and build four single family dwellings
OR two duplexes
OR keep the existing house, suite out the basement AND build larger secondary
building in backyard with or without a suite
3. CASH OUT $$$
Cash out while there’s so much excitement around this new initiative. There are only
about 750 homes in the City with this new Zoning!
KNOW WHERE YOU ARE GOING!
It is easy to sell a house in today’s Current Seller’s Market but make sure you have somewhere to move to. If you are fortunate enough to be flexible in your housing situation, then this is a very good option for you.