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Gearing up to buy or sell a home with basement soon in Oshawa? Call Richard Frankel at 416-889-9543. Your Oshawa realty team is here to help navigate the Oshawa real estate market.
Homes in Oshawa with basement apartments are more common than you might think and feel like they’re becoming more and more usual as homeowners retrofit and renovate the basements of their properties to suit a variety of needs. With an aging population, seniors having lived independently for most of their adult lives are moving in with their adult children. As seniors age, they still desire their independence by having their own separate living space while still being in close proximity to their children and grandchildren.
First time buyers and downsizers looking for some mortgage relief or additional income tend to take on a basement tenant to help with their monthly housing expenses. And pure property investors, very much like the first time buyer or downsizer want to maximize their earning and profit potential by renting out the main floor of a house separately from renting out the basement.
Some of the most important characteristics of houses with basement apartments include:
As a potential property owner you’re in luck because houses for sale in Oshawa with basement apartments are scattered throughout the whole City. As a landlord, whether you’re looking to rent to students near Durham College, or rent to families, couples, or individuals in the downtown core, near Lake Ontario or the highway, the City of Oshawa has a location that is suitable for you!
Over the years, the most popular type of home with a basement apartment is the bungalow, raised bungalow, and bungaloft. Many of these types of homes were built in the middle of the 20th century and became popular for basement apartments because this style of home was already built with a separate side entrance. For example, the owners can live on the main floor of the bungalow while renting the basement apartment to a tenant.
Two-storey detached and semi-detached homes sometimes come or are renovated with their own separate entrances as well and are called in-law suites. They have many of the same characteristics as their bungalow counterparts with a focus of having family members living in a basement apartment rather than a tenant.
You may have heard the term “legal basement apartment”. This refers to a basement retrofit and renovation requirement following strict Ontario government rules and guidelines regarding such things as fireproof doors, large basement windows for easier escape during an emergency, as well as many other specifications. Some homeowners invest their time and money into creating a legal basement suite as well because they know they can be rented to a tenant at a premium price.
For more information about how to construct a legal unit in your home, please visit the government website at https://www.ontario.ca/page/add-second-unit-your-house
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beautiful bright and modern 4 bedroom 2 story home located on a mature and quiet, family friendly street2 bedroom basement apt with separate entrance Currently rented. Up...
This home has been completely renovated including the basement suite w/ separate entrance. New framing, plumbing, wiring (200 amp panel), furnace & a/c. Bright & open m/f...
Spacious 3 bedroom home with separate entrance to basement apartment Bright, Clean And Updated Semi Detached Home With In-Law unit Freshly Painted & New Laminate Flooring...
Welcome to 1154 Snowberry Court! This beautiful recently renovated bungalow is sitting on a quiet court in a great neighbourhood backing onto a wooded ravine. This family...
Attention Investors Enhance Your Portfolio With This Super Spacious Legal 2-Unit Home With Certificate Of Registration & A Huge Double Paved Driveway With Parking For 5 C...
Completely Renovated from Top to Bottom. Very Bright and Spacious. Solid Brick Bungalow on a Huge Lot situated on a Quite Cul De Sac. 3 Decent Sized Bedrooms with a Reno...
3-Bedroom Detached Home in a Quiet and Desirable Location, Offering Great Potential with a Basement Apartment Featuring a Separate Entrance. This Home Includes a Bright L...