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Basement Apartment Fee for Investors in $1,000 in Mississauga

Home owners who supplement their mortgage payments with a basement apartment will now need a license. The City of Mississauga has finally made a response to Bill 140 and the affordable Housing Act.  As of January 2, 2014, legal second units must have a City of Mississauga licence per City By-law 204-13 
 
The Mississauga City Council approved a plan to permit second units on July 3, 2013. The plan includes official plan policies, zoning regulations and licensing requirements. It will be in full force in January 2014. 
 
‘Second units’ are self-contained apartments within existing homes. They have their own kitchen facilities, a bathroom, a bedroom and sometimes have a door that separates the unit from the rest of the home. They are often called basement apartments, in-law suites or secondary suites. 
 
The Second Unit Implementation Strategy includes: 
•Official Plan policies permitting second units in detached, and semi-detached homes as well as townhouses 
•Zoning By-law regulations including parking and distance from the property lines for entrances and stairs 
•A licensing program to ensure zoning, building and fire codes, as well as property standards, are met 
•An Education Program that will include information materials and sessions to help the public ... more

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