Edmonton • Feature: Generate rental income to help pay your mortgage.
Edmonton Homes with Basement Suites for Sale
Looking for a home in Edmonton that offers extra income potential or space for extended family? Explore our listings of houses for sale with basement suites. These properties provide a fantastic opportunity for homeowners to generate rental income, accommodate relatives, or create a separate living space. Discover a wide selection of homes with legal or suited basement suites, each offering unique features and benefits. Start your search today and find the perfect property to suit your needs and investment goals in the Edmonton real estate market.
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Searching for homes with basement suites in Edmonton? You're likely aiming to offset your mortgage, house family, or generate rental income – a smart move in our market! Expect to find these primarily in established neighbourhoods like mature areas of the southside (e.g., Garneau, Strathcona, Bonnie Doon) and Northwest (e.g., Inglewood, Sherbrooke), where zoning often permits them. Price ranges can vary significantly, but expect to pay from $450,000 for older bungalows up to $750,000+ for renovated or newer homes with legal suites. Remember to confirm the suite's legality (permits, fire safety) as unpermitted suites can present challenges. Focus your search using detailed filters and consider a realtor familiar with Edmonton's zoning bylaws to ensure a smooth purchase.
[?] Frequently Asked Questions
What are the benefits of buying a home with a basement suite in Edmonton?
Homes with basement suites offer several advantages, including potential rental income to help offset mortgage costs. They can also provide a separate living space for extended family or guests, adding flexibility to your living arrangements and property value.
Are basement suites legal in Edmonton, and how does that affect my purchase?
Not all basement suites in Edmonton are legal. A legal suite has been inspected and approved by the city, meeting specific building and safety codes. Buying a home with a legal suite provides assurance of safety and compliance, while an illegal suite may require costly upgrades to meet code.
What should I look for when considering a home with a basement suite?
Consider the suite's layout, size, and condition, ensuring it meets your needs or the needs of potential renters. Check for separate entrances, proper ventilation, fire safety features (like interconnected smoke detectors), and sufficient soundproofing for comfortable living.
How much can I expect to rent a basement suite for in Edmonton?
Rental rates for basement suites in Edmonton vary depending on location, size, amenities, and overall condition. Researching comparable rental listings in the area can give you a good estimate of potential rental income.
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