In all Residence "B" Zones, the minimum livable or habitable area shall be nine hundred (900) square feet for a one-story dwelling and one thousand two hundred (1,200) square feet for a two-story dwelling. In case of a lot existing at the time of the adoption of this chapter less than one hundred by one hundred (100 x 100) feet, the minimum livable or habitable area shall be seven hundred sixty-eight (768) feet for a one-story dwelling and one thousand (1,000) square feet for a two-story dwelling.