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September 21, 2009

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Kris

Hello Bob, I have a related question:

Our house (semi) was built to the plot line. It is an old house (1890s) and we need to make some substantial renovations. Our neighbours are renters and they are very friendly, so we can access our house from their side easily. But if their house is ever put on the market there is no way of knowing if the new owners would be as friendly and easy going. I am wondering it is possible to buy a strip of land from the owner of the house so that we would have access? I am thinking about 3 feet or so. If so, is there any special process involved? Would any real estate lawyer be able to do it? Is such a transaction subject to land transfer tax/Toronto land transfer tax?

How much (approximately) would a strip of land (3x118 feet) cost? The house is in the Danforth Village.
Thank you,
Kris

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