If the zoning laws allow, it might be a better investment to knock a single home down and replace it with a semi-attached home or condos than trying to work with the original structure.
“You might find a single-family home that is priced high, but it’s zoned for larger development or expansion. That single-family home could be turned into multiple condos that yield a much greater return,” said Justin Paulhamus, a broker with 4J Real Estate.
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