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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
Welcome To 530 DEAN AVE, A Charming Brick Residence That Boasts A Detached One Car Garage Along With Two Parkings On A Driveway. Step Inside And You'll Be Greeted By A Wa...
This updated bungalow sits on a 55-foot premium lot, featuring a spacious front yard and ample parking. Nestled in a quiet cul-de-sac, the home boasts a bright, open-conc...
Fully Renovated Bangalow in the heart of OSHAWA. Offering a separate entrance to basement for that rental income if needed, otherwise location is key and convenient, near...
Once in a life time opportunity to acquire this fully renovated, income generating building; complete with renovated interiors, newer asphalt shingle roof, fully rented, ...
Discover an excellent investment opportunity with this charming 3-bedroom bungalow located on adesirable corner lot in Oshawa. Featuring a bright living area, spacious be...
Seize the opportunity to invest in this beautifully 2+1-bedroom, 2-storey semi-detached home,ideally located within walking distance of parks, schools, and public transit...
Sitting in a peaceful family friendly neighbourhood is this unique opportunity waiting for you! You can enjoy this home with the whole family, use the LEGAL basement apar...
Stop The Car! Absolute Show Stopper Home Renovated & Updated top to bottom with Brand New Legal 1 Bedroom Basement Apartment. Rent it to help cover your mortgage or move ...
LOCATION, LOCATION, LOCATION! Excellent opportunity for First Time Home Buyer or Investor. This recently renovated Bungalow is a LEGAL DUPLEX that sits on a large corner ...
Welcome to this versatile and well-maintained turn-key legal duplex, perfect for investors and homeowners alike, offering wealth-building potential. Located just minutes ...
Welcome To 530 DEAN AVE, A Charming Brick Residence That Boasts A Detached One Car Garage Along With Two Parkings On A Driveway. Step Inside And You'll Be Greeted By A Wa...
Totally Renovated Bungalow Top To Bottom In North Oshawa. The Large 2.5 Car Garage Is A Dream Man Cave, Or Makes A Great Space For Your Hobbies. Separate Entrance To Beau...
Come and Put Your Renovation Skills to Work on this Family Home in a Quiet Oshawa Neighbourhood. This Two Kitchen, 3 Bedroom, 2 Bathroom Home is a Great Space for Any Gr...
Check out this fantastic 3+1 bed, 2-unit home in the highly sought-after Eastdale area! This property has been fully renovated and is ready for you. Featuring: Two modern...
we are delighted to present this stunning 4 bedrooms, 2 bathrooms home that perfectly blind comfort styles. each bedroom offers ample space and natural light, creating wa...
A Beautiful Triplex Is In The High-Demand Oshawa Town Center Area. The Basement Is A Legal Apartment 1392 Sqft Has 2 Bedrooms 1 Full Bath, Living, Dining, Kitchen, And An...
Prepare to be impressed! Terrific 3+2 Br/2Bath Bungalow On A Quiet Great Location In Oshawa. Master Bdrm Has A French Patio Door To Your Private Back Yard. Side Entrance ...
Spacious, modern three-bedroom, two bath 2 story condo townhouse . Main floor, kitchen and dining with walk-out to the yard. The exterior boasts a private yard and a secu...
Discover your dream investment in the heart of Oshawa's popular Donevan community! Nested in a serene court location, this legal 2-unit dwelling is the perfect blend of ...
The perfect family home situated in highly sought after North Oshawa! 3 bedrooms (w/ master ensuite) + Den and 1 bedroom + rm in custom made basement. Testament to design...