The cost of building a Laneway home is $200K ($230k includes connection fee and GST). The mortgage payment on $230k is about $900 a month for a 25-year term.
A Laneway home can be rented around $1,500 to $2,000. This additional income can bring immediate positive cash flow to any family.
In some cases the homeowners may choose to move to their newly built Laneway Home and rent the main house for over $3,000+.
