Homes For Sale with Legal Basement Suites Red Deer

Homes for sale in Red Deer with legal suites


A great way to get into a house & pay down the mortgage quickly is to buy a property that has a legal basement suite. You can still buy the property with 5% down if you intend to live in it.

The average 2 bedroom basement suite can rent any where from $800-1200/month. Main floors with 3 bedrooms can usually rent out for $1100-1500/month, depending on area, size & age of the property. There are also properties that don't currently have a legal suite but have the opportunity to with the right renovations and zoning area.  

In order to get a permit for a legal basement suite there are many factors that must be taken into consideration such as separate meters, window sizes, separate entrance, zoning, etc. If you are able to get the permits you can convert it into a legal basement suite. Visit http://www.reddeer.ca/city-services/permits-and-licenses/permits-and-applications/secondary-suites/ for more details.

I have helped many buyers find an income generating property in Red Deer & area. If this is something you would be interested in... please contact me, Melissa Morin 403-318-5665 and we can send you a list of properties that have rental income potential. I want to help you make the right investment. There are many things to consider that shouldn't be overlooked when buying a suited property or multi-family home. 

Recent testimony from an investor:

"I recently purchased my first rental property with the help of Melissa. I was very nervous about the whole process as it was a lot of money for me and all new to me. Melissa made it super easy and smooth. She was always there when I needed her (no matter how small of a question I had). She always phoned, emailed or texted me back very quickly no matter what time or day. It made the process a lot more comfortable for me. She took care of all the little details and I'm extremely happy with the end result. I would recommend Melissa to anyone looking to purchase an income property (or any other type of property for that matter)." Nicole - 2016

 

Sincerely, 

Your agent - Melissa Morin 

403-318-5665

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Melissa Morin

Melissa Morin

REALTOR®
CENTURY 21 Advantage
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