01-08-2020, 08:28 AM
(01-07-2020, 10:15 PM)ijmorlan Wrote:(01-07-2020, 06:37 PM)KevinL Wrote: True, but you then need to have each unit with its own hydro circuit, with fire code compliant exits, etc; this can be costly to re-work, especially in a space not built for it.
That actually is a good point. It’s not usually a matter of just tossing a partition in there. That being said, if the alternative is leaving it vacant for years, it feels strange that a relatively minor renovation would not be in order.
I'd bet it comes down to the owner's willingness to deal with the hassle of renting it out vs. the ease of just leaving it vacant and letting the property appreciate.