In Toronto’s competitive housing market, parking isn’t just a perk; it’s a selling feature.
A legal, well-documented parking space can make your home stand out to buyers and add substantial value to your listing. Whether you have a front-yard parking pad, a private driveway, or shared access to a space, understanding the City of Toronto’s regulations can save you headaches and protect your bottom line.
A Legal Parking Pad Adds Significant Value
A legal front-yard parking pad can increase a property’s value by $100,000 or more, especially in older Toronto neighbourhoods where on-street parking is tricky to come by. However, the emphasis must be on legal requirements, because around 70% of homes in Toronto don’t meet current bylaw standards for new parking pads. So, if you already have a parking pad, make sure it’s licensed and compliant before you list your home; even long-standing pads can lose their legal status over time.
Verify Your License Before Listing
A front-yard parking pad requires an annual City of Toronto license (around $300 plus HST). This license doesn’t transfer automatically to a buyer when the home sells. To avoid delays or renegotiations, sellers should confirm that their license is active and transferable. Keep your documentation on hand, because today’s buyers often request proof of compliance when doing their due diligence.
Beware of Unlicensed or Expired Pads
Many homeowners use parking pads that were once legal but have since lapsed or fallen out of compliance with regulations. As a result, significant problems can occur during resale. Specifically, parking pads not listed in the City’s database could expose new owners to fines or removal orders. It’s easy for sellers to check the current licensed list through Toronto’s online resources or by consulting a professional familiar with Bylaw 918.
Driveway Adjustments Need Approval
If you are considering changes to your existing parking space, such as widening a driveway or modifying access points, without obtaining permits, you may trigger compliance issues. Even seemingly minor changes can violate City regulations, so be careful. Buyers are also increasingly cautious about taking on properties with unapproved work.
The Bottom Line for Sellers
In Toronto, legal parking equals market confidence. So, before listing your home, confirm your parking pad’s licensing status, renew any expired permits, and provide buyers with clear documentation to set their minds at ease. By getting ahead of these details, you’ll protect your sale price, avoid last-minute surprises, and present your property as both beautiful and compliant.
Still unsure about your parking situation? I can help you prepare your property, parking, and permits to attract confident buyers and the strongest offers.
Are you ready to move to the next stage? Let’s chat. Send me an email (hillary@hillarylane.ca) or text/phone (416-882-4707).
