ABOUT THIS PROPERTY
926 Rent $1200 plus Utilities (Market Rent is about $1800 with some renovation)
928 Rent $1000 plus Utilities (Market Rent is about $1800 with some renovation)
Total – $26,400 (Potential $43,200)
Property Tax $5096
5% Maintenance $1320
Net operating Income $16,840 (Potential $33,640)
The City of Kingston’s positive reply to my question about severing the homes.
Further to our phone call, I wanted to confirm that it appears the building at 926 – 928 Portsmouth Avenue is currently located on one lot. In order to sever the property down the common party wall, a consent application approved by the Committee of Adjustment would be required.
The two lots would need to comply with the provisions of the ‘A5’ Zone in Zoning By-Law Number 8499. Section 5.11 of the by-law allows semi-detached dwellings to be considered one building related to certain provisions of the by-law. As noted, each lot would also need to provide parking for the unit on that lot, in accordance with the requirements of the zoning by-law.
If the lots each comply with the provisions of the Zoning By-Law, a Technical Consent would be required. If relief is needed from any zoning provisions, a concurrent Minor Variance and Consent application would be required. The City’s Fee By-Law can be found online here: https://www.cityofkingston.ca/documents/10180/16904/Fees+%26+Charges+Bylaw. Committee of Adjustment fees are found on page 34.
Through a Planning Act process, additional requirements may be identified as conditions of approval for a consent. Based on my quick review, and without review from technical agencies, these may include Building Permits for adequate fire separations, as well as the separation of services so that each lot is serviced independently from the main.
I trust this is helpful. Please let me know if you have any further questions.
All the best,