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 

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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.