Parking can make up 5-10% of the value of a downtown Toronto house. This is a substantial difference in price.
Also, if there is already front pad parking please note that the permit does not transfer with title, the purchaser has to apply for her/his permit upon possession. Again, this can be a little difficult when evaluating a home. So be sure a professional realtor does the research, as it is your money and dreams going into the purchase.
I have included a great brochure about off street parking in Toronto in the below SlideShare.
Off street parking in the city of toronto ryan roberts real estate broker
View more presentations from Ryan.
The following is a link to the web site where the applications can be found along with the code governing front yard parking.
http://www.toronto.ca/transportation/offstreet/index.htm
Here you will find a link to currently licensed front yard parking locations.
Also there is a link to the Ward profile where you can enter an address and it will let you know what ward the property is in and from there you can determine if they can submit an application.
http://app.toronto.ca/wards/jsp/wards.jsp
This link takes you top the map of the City and its wards.


1 comments:
Thanks for the great info Ryan. Parking can be such a sticky wicket with many buyers (and agents) trusting the "word" of the seller when it comes to parking. I will be sure to share your findings with our clients.
Colleen McGoey
www.mcgoey.ca
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