Need a mortgage helper?

It’s nice to have the additional income security a suite can provide in today’s uncertain economy. Use the revenue to pay down your mortgage faster and achieve your goals of financial independence.

Improve property values

Some of the homes on this page have rental accommodations or the potential for a suite. Ask your lender about including money for renovations to create a suite or cottage with your mortgage application.

Get more house

Lenders will often consider rental income as part of your total income when making a mortgage application. That allows you to look at homes that might otherwise be outside of your price range.

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For sale $1,095,000
24 GREEN BRIAR Drive, collingwood, Ontario

24 Green Briar Drive

Collingwood, Ontario

4 Bedroom 3 Bathroom 1422
For sale $799,000
43 FRESHMEADOW Way, guelph, Ontario

43 Freshmeadow Way

Guelph, Ontario

5 Bedroom 2 Bathroom 1535
For sale $190,000
1050 PAIGNTON HOUSE Road Unit# 1225, minett, Ontario

1050 Paignton House Road Unit# 1225

Minett, Ontario

1 Bedroom 1 Bathroom 749
For sale $575,000
109 SPRUCE Street, waubaushene, Ontario

109 Spruce Street

Waubaushene, Ontario

3 Bedroom 2 Bathroom 1330
For sale $849,000
66 DIANA Way, barrie, Ontario

66 Diana Way

Barrie, Ontario

3 Bedroom 3 Bathroom 1172
For sale $379,900
220 GORD CANNING Drive Unit# 473, the blue mountains, Ontario

220 Gord Canning Drive Unit# 473

The Blue Mountains, Ontario

1 Bedroom 1 Bathroom 506
For sale $549,900
945 3RD Avenue E Unit# 308, owen sound, Ontario

945 3rd Avenue E Unit# 308

Owen Sound, Ontario

2 Bedroom 2 Bathroom 1071
For sale $1,899,000
167 SCANDIA Lane, the blue mountains, Ontario

167 Scandia Lane

The Blue Mountains, Ontario

6 Bedroom 3 Bathroom 2207
For sale $599,900
315 MISSISSAGA Street W, orillia, Ontario

315 Mississaga Street W

Orillia, Ontario

2 Bedroom 1 Bathroom 1800
For sale $559,000
28 DEERHURST Drive Unit# 305, huntsville, Ontario

28 Deerhurst Drive Unit# 305

Huntsville, Ontario

3 Bedroom 3 Bathroom 1292
For sale $239,900
54-203 DEERHURST Drive, huntsville, Ontario

54-203 Deerhurst Drive

Huntsville, Ontario

1 Bedroom 1 Bathroom 562
For sale $4,900,000
70 HIGH Street, collingwood, Ontario

70 High Street

Collingwood, Ontario

Homes for sale in Collingwood Ontario with income potential

Income potential from your primary residence

Some properties offer higher than average value because they may have income potential. Maximizing the value of a property may involve changes in how it is perceived by the owner and the public. To a layperson, a home with an unfinished laneway garage is a project for the future. An income investor may look at the same dilapidated outbuilding and see the footprint of a small cottage that can be rented at a profit after construction costs.

Income potential can include basement suites, garden suites, and above-garage apartments, among others. The properties on this page may have integrated or separate accommodations. Separate accommodations allow you and your tenants some freedom to enjoy your space without privacy concerns. Basement suites are relatively straight-forward to build but care must be taken to adhere to local by-laws and regulations. An “illegal suite” or one that was built without permits or permission can actually be a liability to the homeowner and make selling more difficult.

In urban centres, laneway houses have become more popular as they offer a turn-key solution to garage space and living accommodations. Laneway homes come in many different sizes and configurations. Buy one off-plan from a local builder and save on architect fees. Or, spare no expense to lovingly match the style of the laneway house to your characterful residence. Either way, the addition will increase your property value and personal income for many years to come.

Questions? Contact us for a personal consultation.

Ask about properties with income potential