Real Estate Law
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The issue would boil down to whether or not your community bylaws allow for a lot to be divided or whether local zoning or ordinances prohibit it. If it is prohibited, then you obviously couldn't get it done unless you get clearance from the community board or local authorities.
If that's where you end up, you can request a variance or an exception to the rules to allow you to get this done, but it would sheerly be up to the authority that has control over this issue.