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 $1,250,000
5 DUNNETT Drive, barrie, Ontario

5 Dunnett Drive

Barrie, Ontario

6 Bedroom 4 Bathroom 2000
For sale $629,000
170 GEORGE Street, gravenhurst, Ontario

170 George Street

Gravenhurst, Ontario

4 Bedroom 2 Bathroom 1261.7000
For sale $749,900
113 LIVINGSTONE Street W, barrie, Ontario

113 Livingstone Street W

Barrie, Ontario

5 Bedroom 2 Bathroom 1065
For sale $930,000
9 JEFFREY Road, south river, Ontario

9 Jeffrey Road

South River, Ontario

3 Bedroom 2 Bathroom 1290
For sale $599,000
30 KING Street N, harriston, Ontario

30 King Street N

Harriston, Ontario

3 Bedroom 3 Bathroom 1232
For sale $990,000
285 MAPLE Street, collingwood, Ontario

285 Maple Street

Collingwood, Ontario

5 Bedroom 4 Bathroom 3339
For sale $989,000
130 FAIRWAY Court Unit# 235, the blue mountains, Ontario

130 Fairway Court Unit# 235

The Blue Mountains, Ontario

3 Bedroom 2 Bathroom 1445
For sale $995,067
414604 BASE LINE Road, markdale, Ontario

414604 Base Line Road

Markdale, Ontario

4 Bedroom 3 Bathroom 2740
For sale $389,000
43 COULTER Street Unit# 28, barrie, Ontario

43 Coulter Street Unit# 28

Barrie, Ontario

1 Bedroom 1 Bathroom 728
For sale $229,900
1235 DEERHURST Drive Unit# 53-204, huntsville, Ontario

1235 Deerhurst Drive Unit# 53-204

Huntsville, Ontario

1 Bedroom 1 Bathroom 562
For sale $1,799,900
79 WELLINGTON Street E, barrie, Ontario

79 Wellington Street E

Barrie, Ontario

11 Bedroom 6 Bathroom 4000
For sale $1,999,999
21 EAST Court, huntsville, Ontario

21 East Court

Huntsville, Ontario

4 Bedroom 3 Bathroom 2465
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