Basement Apartments...Add $750-$1500 per month to your household income

Estimate Request
or call
416-367-8370

for 
Pre-Approved
Financing
Click Here

Basic Finishing Package:  Our Basic Finishing Package is designed to save money while ensuring that the important items meet Ontario Building Code standards. This includes the "hardcore" work, such as electrical wiring, framing, plumbing, drywall, etc.

It is an ideal package for "do-it-yourselfers" who prefer to do their own flooring, painting, and other finishing touches while keeping costs down.     Back to Top

Underpinning: (lowering the basement floor)  If your basement ceiling is too low for legal or comfortable living space, The Renovation Co-op will provide a licensed contractor who specializes in the underpinning of foundation walls. 

Underpinning involves the step-by-step downward extension of the foundation, which increases overhead living space. For further details, go to http://www.werenovate.com/underpinning.htm

Basement Kitchens:  We offer economical, space-saving apartment-sized kitchens that are targeted specifically for small basement areas. As basements tend to be tight for space, we'll install corner cabinets, dual butterfly-sinks, rotating circular corner shelves and other smart components that make the kitchen functional yet easy on the pocketbook.

Basement Bathrooms: Our basement bathrooms typically include basic items such as pedestal sink & taps or standard vanity with molded sink & taps, tub or standup shower, along with a water-saving toilet, tile or linoleum flooring. Ceramic tile on the walls (outside of the tub or shower area) is generally optional.

Estimate Request
or call
416-367-8370

for 
Pre-Approved
Financing
Click Here

Financing your Basement Apartment: By financing your Basement Apartment Conversion through The Canadian Renovation Funding Program, you will have access to specialized equity-based loans, 
even if you have poor credit or limited current income.

The program offers access to over $1 Billion in private mortgage funds through dozens of multiple investment pools across the country. Each investment group is governed by its own level of risk-taking, which
enables you to be better matched to a lender that is more compatible 
with your own credit standing.

In addition, a CMHC Purchase-Plus Improvements Mortgage is available 
for qualified homeowners and home buyers. This type of mortgage takes 
into consideration the future value of the home with the renovations completed.

For further information regarding The Canadian Renovation Funding Program,  please visit www.PurchasePlus.ca/pp.htm

 or call 416-367-8370

To illustrate the value of financing your Basement Rental Conversion, 
here are some sample numbers:

The variance in the numbers above reflect the differences in the cost of the conversion, your own personal credit (which will determine the borrowing 
rate, etc.), your home's proximity to public transportation, and other factors that will dictate acceptable rental fees.

In addition:

If you live in your home for 10 years or more, and are able to invest your net monthly rental income into a strong mutual fund that yields an average annual growth rate of 8-10%, the long-term profit derived from your basement rental income will likely outpace the growth rate of your entire home's value over the same period.

For details call 416-367-8370.    Back to Top