For most Toronto residents, parking their vehicles is straightforward: they park them in their driveway, garage, or both. However, many residents don't have either of those options, and, instead, rely on parking spots added by altering the landscaping of their front-yards and the boulevard portion of their property. Homeowners are required to obtain a permit from the City for such parking spots.
It stands to reason that there should be no added red-tape when a new homeowner inherits an existing licensed front-yard / boulevard parking spot when they purchase the property. While City rules do allow the license for an existing front-yard / boulevard parking spot to be transferred to a new owner, they also require that the new owner complete an application and pay a fee of $115.10 to have the license transferred. According to City staff, it may also be necessary to have the parking spot inspected by City staff before the license can be transferred.
By: Bill Johnston, President of the Toronto Real Estate Board, a professional association that represents 31,000 REALTORS® in the Greater Toronto Area.
Buying, Selling, Leasing or Investing in real estate is sometimes a complex undertaking. Hiring me, a real estate professional will help save you time and money. steven@maislin.com
