Basement Rental Apartment

Many homes advertise “income potential” or “lower level unit” which can be a very attractive incentive for some buyers. Renting out a portion of a property is one approach property owners can enlist to help pay down mortgages and increase investment returns. It is important to plan carefully and become familiar with the relevant codes, laws, risks, obligations and requirements before diving into residential rental property ownership and management.

Alongside the potential to generate income, there are risks associated with renting out a basement apartment in a home that isn’t zoned for one, or that contravenes municipal or provincial codes.

showings -open-house

You’re right: Open Houses are currently banned by the government because of the pandemic. While you should discuss having multiple showings in a single day with your salesperson, back-to-back showings and Open Houses are not safe or practical.