In-Law Suites, Secondary Suites and Rental Apartments

 

In-Law Suites, Secondary Suites and Rental Apartments


In-Law Suite/Secondary Suites are generally used to describe a self-contained dwelling unit with its own kitchen and bathroom, which is separate from the principal dwelling in a house. It can be located either within the principal dwelling or in an accessory building on the same lot as the principal dwelling. Basement apartments are the most common type.

Aside from being affordable to renters, they also provide income and extra security for the home owner who has more space than is needed, and make entering the housing market easier for first-time buyers who may use the rental income to offset their mortgage costs.


Things to Consider:

- Zoning by-laws

- Building Code Requirements

- Additional Municipal Requirements (Specific to your city or township)

- Is your house suitable for a secondary suite?

- Can I Create a Safe, Healthy and Comfortable Living Environment?

- Property tax, Income tax and Insurance


For more information check out CMHC's guide for Secondary Suites:

hwww.cmhc-schl.gc.ca/en/co/renoho/refash/refash_040.cfm


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Dan DaCosta

Dan DaCosta

REALTORĀ®
CENTURY 21 Champ Realty Ltd., Brokerage*
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