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Yearly certificate renewal to keep a triplex?
Hi there,
A property I am looking to buy is “officially” zoned as a single family (and most properties around are SFHs). It is a primary house with a separate duplex structure built behind it. It currently has a renter certificate making it a triplex eligible property.
Here’s the issue- Apparently every year we will have to apply for the property to continue to be zoned as a triplex in order to rent them out and the council must approve. It has been a multi family for 50+ years.
Should I be weary of this purchase?