laneway and basement suite
TRANSCRIPT
7/27/2019 Laneway and Basement Suite
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FairTradeWorks partners at
Cost to Build: approx $85,000 ** Cost to Finance: Approximately $335 per month*
Revenue Potential: Up to $1300 plus per month in rent
Here’s an example of an average 900 sq ft 2 bedroom, full legal basement suite
These small scale homes on single lots allow homeowners a new foundfreedom. Suddenly they can accommodate aging family members or
have the benet of a mortgage helper. Laneway homes not only add
value to the existing structure but also help maintain the single-family
feel of a neighbourhood.
Cost to Build: approx $150,000 **
Cost to Finance: Approximately $675 per month*
Revenue Potential: Up to $1,600 plus per month in rent
**Depending on sq footage/design/features/location
7/27/2019 Laneway and Basement Suite
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At FairTradeWorks we like to provide our clients with options.
Options that make sense (& cents).
Own A Single FamilyHome &
Considering Your Options?
DID YOU KNOW?
Vancouver has one of the tightest rental
markets & one of the lowest vacancy rates in
Canada?
That with our growing population, limited
projected income increases and limited supply of
rental housing, laneway and secondary suites can
be a great source of revenue?
OPTION 1: LANEWAY HOME
OPTION 2: Secondary Suite
More than 1000 Laneway Home Permits Have Been
Issued in Vancouver. Why?
More than 25,000 Legal Secondary Suites Exist inVancouver. Why?
looking for an income generator.
Laneway homes are great solutions for aging parents, adult children and
even caregivers.
Laneway homes increase the value of the existing home.
retaining the feel of a single-family neighbourhood.
looking for extra income.
Secondary suites allow families to stay together, providing a separate
space for older children, aging family members, those with special needs
and caregivers.
Secondary suites can increase the value of a home and if there
are many in a neighbourhood, the overall property value for everyone
increases.