Downsizing: Move to the lane & rent the 'main'
Example:
33' Lot with a new laneway house
The existing house has 3BR upstairs and a 1BR basement suite
Costs and Revenues:
$210,000 to build a ~750sf Laneway House
$2000/month rental for the main house
$900/month rental for the basement suite
= $34,800 Annual Rental Revenue
minus 15% Operating Costs (Maintenance, Taxes, Turnover)
= $29,580 Net Annual Revenue
= 14% Annual Return on Investment (ROI)