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A potential rental unit
Tiny homes can also bring in much-needed extra income,
adds Soutar. In municipalities that allow it, a separate
structure on your property that’s plumbed and wired to
code can become a rental unit.

“Because it doesn’t have to be occupied by the owner, it
could be rented out to family, to friends, or as a short-
term or long-term rental,” says Soutar. “Ontario is trying to
implement more housing options, so I think tiny homes
will gain more traction for that in the spring and summer
of 2021.
Thinking outside the box

Across North America, people are getting creative with small structures, and Soutar’s clients are also taking advantage
of the trend, she adds.

“I know someone who’s thinking about buying a vacant lot and then building two tiny homes. If you have a 60-foot
frontage, you could put two tiny homes on a property because they’re only 20-feet wide, and you could live in one
and rent one,” she suggests.

Of course, tiny homes aren’t ideal as full-time dwellings for large families with three or more children–unless you put
a few of them together–but for singles, couples, smaller families and empty-nesters, there are limitless possibilities
for expanding your space, helping boost your property’s resale value, or earning a side income. And just because a
home is tiny, doesn’t mean it can’t be creative and offer all the conveniences of its larger counterpart. Check out this
amazing tiny home built by a couple in Australia https://youtu.be/PFNdIup9kS0 g

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