30 Parade Street - Development Agreement
The owner of a property located at 30 Parade Street (PID# 90206889) applied to enter into a Development Agreement (Attachment 1) to allow for a maximum of two (2) Short-term Rental units on their lot. The Municipal Planning Strategy (MPS) and Land Use By-law (LUB) have been recently amended to regulate and permit short-term rental accommodations subject to specific conditions.
The amended LUB allows a maximum of one short-term rental per lot where the short-term rental host resides on-site (as-of-right). However, in situations where more than one short-term rental unit is desired and/or where the short-term rental host does not reside on-site, may only be permitted on a case-by-case basis by Development Agreement with consideration to the criteria outlined in the MPS (see Section 3 below).
Short-term Rentals are allowed in all residential, mixed-use, and commercial zones where a dwelling unit is a permitted use. As of the 2021 Census, there were just under 3,600 private dwellings[1] in the Town of Yarmouth. Although additional research is necessary, based on information currently available it would appear that less than 2 per cent of the total number of units have been used and potentially are being used as short-term rentals.
[1] Total Private Dwellings – 2021 Census - Private dwelling refers to a separate set of living quarters with a private entrance either from outside the building or from a common hall, lobby, vestibule or stairway inside the building. The entrance to the dwelling must be one that can be used without passing through the living quarters of some other person or group of persons.