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 $139,900
1235 DEERHURST Drive Unit# 111, huntsville, Ontario

1235 Deerhurst Drive Unit# 111

Huntsville, Ontario

1 Bathroom 388
For sale $139,900
1235 DEERHURST Drive Unit# 112, huntsville, Ontario

1235 Deerhurst Drive Unit# 112

Huntsville, Ontario

1 Bathroom 388
For sale $849,900
18 MEYER Avenue, barrie, Ontario

18 Meyer Avenue

Barrie, Ontario

4 Bedroom 3 Bathroom 1480
For sale $999,900
1170 NARROWS Road, gravenhurst, Ontario

1170 Narrows Road

Gravenhurst, Ontario

5 Bedroom 3 Bathroom 2680
For sale $1,950,000
1267 DARDANELLES Road, haliburton, Ontario

1267 Dardanelles Road

Haliburton, Ontario

3 Bedroom 3 Bathroom 1230
For sale $549,900
15202 12 Highway, victoria harbour, Ontario

15202 12 Highway

Victoria Harbour, Ontario

2 Bedroom 1 Bathroom 1367
For sale $2,400,000
115 COLDWATER Road W, orillia, Ontario

115 Coldwater Road W

Orillia, Ontario

12 Bedroom 12 Bathroom 3351
For sale $239,000
200 BEACONVIEW Drive Unit# 306, parry sound, Ontario

200 Beaconview Drive Unit# 306

Parry Sound, Ontario

2 Bedroom 1 Bathroom 1040
For sale $2,499,888
2 JUNIPER Court, collingwood, Ontario

2 Juniper Court

Collingwood, Ontario

5 Bedroom 5 Bathroom 2700
For sale $399,900
320 PINEDALE Road, gravenhurst, Ontario

320 Pinedale Road

Gravenhurst, Ontario

2 Bedroom 1 Bathroom 837
For sale $1,495,000
1917 21 Highway, kincardine, Ontario

1917 21 Highway

Kincardine, Ontario

5 Bedroom 4 Bathroom 3688
For sale $369,900
170 JOZO WEIDER Boulevard Unit# 442, the blue mountains, Ontario

170 Jozo Weider Boulevard Unit# 442

The Blue Mountains, Ontario

1 Bedroom 1 Bathroom 608
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