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ILLEGAL BASEMENT APARTMENTS | KT Confidential EP 148

On this podcast, episode 148, Adrian talks about a story of a client that was preparing their basement as a rental property. This client hired a contractor who did all the necessary requirements to make it legal. Unfortunately, after they spent all this time/ money they weren’t allowed to rent it out due to their municipality bylaws.

While the city of Toronto and surrounding areas recognize the need for housing and want to encourage density, it also wants to protect the safety of basement inhabitants. The situation, according to John Avbar, Manager of Enforcement, Property Standards, is getting worse. His team looks for houses with 10 to 15 individuals sharing a single room.

“We’ve observed up to 27 people in one house,” Avbar added. “In the last five years, illegal lodging house complaints have increased from 7% to 53% of all complaints.” Neighbors have complained about loudness, large amounts of rubbish, a lack of maintenance, and cars parked all over.

Colin Brook, director of building services and chief building official, said, “We take these complaints extremely seriously and follow up on every one that we receive.” “The safety of all occupants is of the utmost importance. The Ontario Building Code and the requirement for a building permit ensure that the necessary minimum criteria are satisfied to protect the residents and allow them to safely enjoy their space.”

All of that and more on KT Confidential – Real Estate Podcast.

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Episode Breakdown:

00:00 – Intro
2:20 – Basement Apartment Story
6:08 – Hire a professional to Advise you early
8:33 – Our recommendation
9:05 – Knowing the bylaws of your Municipality
11:58 – Parking Fiasco and Basement apartments
13:51 – The effect of Over parking
14:34 – Green space in your backyard
15:51 – Better leads for a legitimate basement apartment
17:03 – Hefty fines for illegal basement apartments
18:31 – Insurance Coverage for basement apartments
20:27 – Outro

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Watch the previous episode here:
E 147

Catch clips and highlights of the show here:
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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two of them compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business. Follow them on social for behind the scenes info, real estate tips, industry secrets and more.

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