Should you separate your water meter for your rental properties?
Even though your proposed new building will be a legal 2, 3 or 4 unit, in most cases the municipality will only recognize it as a single household from the standpoint of city services. This means that you will not likely receive a separate water meters.
One thing you can do is install a sub-meter and feed that exclusively to the new unit. Even though you will receive a single water bill, at least it will be easier to capture and calculate the usage between occupants and charge back accordingly.
Here is why two separate water meters just make sense for your multi unit conversions.
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IMPORTANT* This guide is intended for informational purposes only. DO NOT rely on the information in this guide for any real estate transactions. Since every property is unique, you must perform your own due diligence with the City and with a professional consultant. Suite Additions Inc., and its affiliates are not liable for any loss as a result of information you receive in this guide.
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