Edmonton • Feature: Generate rental income to offset mortgage costs.
Find Your Edmonton Home with a Suite
Looking for a home in Edmonton with a suite? Whether you're seeking rental income potential, a space for extended family, or simply want extra flexibility, a home with a suite is an excellent choice. Explore a variety of houses, duplexes, and even some condos that offer self-contained suites. These suites can be above-grade, below-grade (basement suites), or garden suites. Start your search today and discover the perfect Edmonton property to meet your unique needs and lifestyle.
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Active Listings — homes with suite Edmonton
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Searching for homes with suites in Edmonton is a savvy move for buyers looking to offset mortgage costs or accommodate multi-generational living. Expect price ranges to vary widely, typically starting around $400,000 for a modest bungalow with a basement suite and reaching upwards of $800,000+ for larger, newer homes in mature neighbourhoods like Bonnie Doon or Garneau, or developing areas such as Chappelle Gardens. Consider the legal status of the suite; a legal suite will impact resale value and financing options. Neighbourhood character is key: mature areas often feature larger lots and established trees, while newer communities prioritize modern amenities and open spaces. This search is unique because it's about more than just the house itself; it's about finding a property that offers flexibility and potential income generation within the Edmonton market.
[?] Frequently Asked Questions
What exactly does "homes with suite" mean in Edmonton?
In Edmonton, "homes with suite" typically refers to a house with a separate, self-contained living space, often in the basement or above the garage. These suites usually have their own entrance, kitchen, bathroom, and living area, providing independent living for renters or family members.
Are homes with suites legal in Edmonton?
Not all suites are legal. Edmonton requires secondary suites to be registered and meet specific building codes and safety regulations. Verify the suite's legal status with the City of Edmonton to avoid potential issues down the road.
How can having a suite impact my mortgage approval or property taxes?
The presence of a legal suite, and the potential rental income, may increase your borrowing power when applying for a mortgage. Your property taxes may also be slightly higher to reflect the suite's rentable value; consult with a real estate professional for details.
What are the benefits of buying a home with a suite in Edmonton?
Buying a home with a suite offers several advantages, including generating rental income to help offset mortgage costs. It can also provide space for extended family, offer a flexible living arrangement, and potentially increase the property's overall value.
Edmonton Homes with Suites
Find properties with in-law or rental suites.