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tii tii istance Check bylaws while considering options f OOOOOOOOOOOOOOOO (Can't from RE 8) If you are interested in exploring this concept, keep in mind that many lots will be too small to accommo- date another building, and municipal bylaws in your area may not allow these units to be situated on existing lots Accessory housing and bi-family member or friend units are other options that combine Both units ha, individual units with regular family rate street addre homes. same benefits as Accessory apartments can be installed in new or old homes. Some seniors may even want to have one installed in their existing homes to generate rental income. Families may want to install such a unit to house an elderly family member. It is importaht to realize, howev- er, that these types of conversions are prohibited in many municipali- ties. Similar to accessory apartments, bi-family units are built as two attached dwellings - one for a regu- lar-sized family, and a smaller, adjoining one for a senior family Both units have their own, sepa- rate street addresses, but offer the same benefits as a granny flat. This concept is new to Canada, but could become available in the future. The emergence of these various housing options will make it easier for Canadians to plan more effec- tively for their retirement, knowing that they won't have to make huge This article is provided by local realtors and the Ontario Real Estate Association (UREA) for the benefit of real estate market con- sumers. sacrifides to be comfortable and secure.