<<< back to article list

Houses for sale in Red Deer with basement suite

Blog by Melissa Morin | March 31st, 2016

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 live on the main floor and you can rent out the basement to earn income. The average 2 bedroom basement suite can rent for $1000-1200/month. There are also properties that don't currently have a legal suite yet but could if you are able to get the permits for a legal basement suite. Visit http://www.reddeer.ca/city-services/permits-and-licenses/permits-and-applications/secondary-suites/ for more details.

If this is something you would be interested in... please contact Melissa Morin 403-318-5665 and she can send you a list of properties that have rental income potential.