Definition of "Townhouse"

An attached dwelling in a multiple housing complex having at least two floors and usually a garage. Such dwellings are typically found in condominiums and cooperatives.

Comments for Townhouse

Reuben Reuben said:

If a triplex has a pair of side-by-side 2-story units with the 3rd unit sitting on the 3rd floor across the first 2 units, can the complex be made into townhouses?

Jun 11, 2019  12:39:56

 
Real Estate Agent

Hello, Reuben! Townhomes usually have their own entrance at street level, so you may turn your three unit property into two townhomes, although you should seek advice from your city first, and then, get a permit.

Jun 21, 2019  06:37:58
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

When you hear a real estate agent talking about a client that's an empty nester, it means said client suffers from empty nest syndrome. But what is Empty nest syndrome? Empty nest ...

Federal government agency monitoring and regulating corporate financial reporting and disclosure, use of accounting principles, auditing practices, and trading activities. Its regulations ...

Latin: now for then. Descriptive of actions which are performed after a deadline has elapsed, but retroactively have the same effect as if they were carried out in a timely manner. For ...

Loose combination of small rocks and pebbles used for a gutter, driveway, landscaping, or roadbed. ...

Company formed for the purpose of owning securities of one or more real estate corporations and assuming control over their practices and management. The other corporations are generally ...

A method of brick construction where the bricks are laid with their sides facing outward. ...

Amount received by a seller of real property in the form of credit rather than cash. Interest is typically received on the note. If a house is sold for $300,000 of which $100,000 is cash ...

Economic principle determining the market prices of goods, services, and property. The principle states there is a pricing relationship between supply and demand for real property. Economic ...

The Asset Depreciation Range (ADR) was introduced by the Internal Revenue Service (IRS) in 1971. It was designed to help businesses determine how long to use certain assets, like equipment ...

Popular Real Estate Questions