by achimelech51 » Tue Jul 17, 2012 2:38 pm
Cathi hit the nail on the head. If they're coming due to zoning bylaws, it means only one thing: unauthorized accommodations. In other words, like MOST basement suites in Vancouver, it's not a legal suite as in done without permits and it's not on a separate hydro and gas meter, etc. These are considered violations by the City of Vancouver and subject to a fine for not having the necessary permits to convert the basement into a suite. Usually they will simply require that you apply for the permits and upgrade anything to make it up to code (if it isn't already). This could cost a few hundred up to a few thousand or tens of thousands (realtor in my office had a client that had to spend $50K+ to bring it up to code).
Please note that your neighbor's snitching might have caused this. BUT ultimately you should also know the City of Vancouver does check out homes on a regular basis due to zoning bylaw infractions. If your realtor was silly enough to put it in the public remarks on MLS, they might have caught it there and it might not be because of the tiff with the neighbor.