Home » 4 Reasons to Consider Adding a Secondary Suite

Adding a secondary suite or basement apartment is an excellent way to supplement your income, provide additional living space for grandparents, and increase the resale value of your home.

A Second Line of Income

The vacancy rate in Peterborough hovers around 1%, one of the lowest in Ontario. So, why not renovate your basement to include a legally conforming apartment to provide income to you and your family. The City of Peterborough has established a building site and building code requirements to assist homeowners to create a safe living space for a tenant.

Based on the information provided by RentBoard.ca, the average rent for a one-bedroom apartment in Peterborough is $1,185 and $1,284 for a two-bedroom apartment. Imagine the impact that added income would have on your monthly budget.

Space For Your Entire Family

There is a growing trend toward multi-generational homes across the Country. Families want to be together and to save money on housing for elderly members. By building a legally conforming secondary suite, senior parents can maintain their independence. This post-pones the need for assisted-living facilities and builds a strong, healthy family bond.

Invest In Your Home

According to various real estate market studies, having a legally conforming secondary suite increases the resale value of your home. Homes with “in-law apartments” “granny suites” “basement apartments” or whatever you choose to call them are attractive to homebuyers either looking to supplement their household income or have added space for parents/grandparents within the home.

Now is the Time

With interest rates as low as they are these days, it may also be profitable to borrow to create a basement apartment. Once again, our design team will help by providing a renovation estimate that you can take to your financial institution to determine the best course of action for you.

Doyle Plumbing Heating and Air Conditioning offers a one-stop-shop for all your renovation needs. We have a designer on staff to design and create the building plans to acquire the necessary building permits. Our interior designer will also assist with choices in cabinetry, fixtures, paint and flooring. We will help you create an apartment that feels warm, comfortable and inviting. And making it highly desirable and attracting quality tenants.

Licensed carpenters, electricians, plumbers and HVAC tradespeople will create a safe basement apartment that meets all the building code requirements and is attractively finished. Our designer will co-ordinate, communicate and ensure your vision becomes your reality. During the process, we manage all aspects of your renovation, saving you time, money and stress.

 

Call our office today 705-740-0505 for a free consultation with our designer. Let us take care of all your renovation projects.

 
 

Proudly serving the following communities:

Peterborough area:
Bethany, Buckhorn, Lakefield, Norwood, Havelock, Douro, Apsley, Millbrook, Bridgenorth, Selwyn, Trent Lakes, Otonabee-South Monaghan, Youngs Point.

Kawartha Lakes:
Bobcaygeon, Bolsover, Burnt River, Cambray, Cameron, Coboconk, Dalrymple, Downeyville, Dunsford, Fenelon Falls, Janetville, Kinmount, Kirkfield, Lindsay, Little Britain, Norland, Oakwood, Omemee, Pontypool, Rosedale, Victoria Road, Woodville.

Northumberland County:
Cobourg, Port Hope, Trent Hills, Brighton, Cramahe, Alnwick/Haldmand, Campbellford, Warkworth, Hastings, Bewdley, Centreton, Camborne, Campbellcroft.

Haliburton County:
Haliburton, Minden, Wilberforce, Gooderham, Irondale, Cardiff, West Guilford, Eagle Lake, Fort Irwin, Dysart at al.

Durham Region:
Oshawa, Ajax, Pickering, Whitby, Clarington, Orono, Newcastle, Uxbridge, Scugog, Brock, Bowmanville, Port Perry, Courtice, Beaverton, Sunderland.

Contact Doyle Plumbing, Heating & Cooling

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Thanks so much for sending Jason and Dan for this task. Both were capable and courteous and completed the job in short order.

— Al, Peterborough, ON

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Just wanted to let you know that Kirk Harrison was at my home last week to correct a glitch with our tankless gas water heater installation....gotta' say I couldn't be happier....he ferreted out the complication with a dedication and tenacity that was impressive. Great guy and your company will stay strong with employees like Kirk.Thanks for the help and support.

— Mac & Diane, Peterborough, ON

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Doyle sent two plumbers to my house to fix a leak in my kitchen. The best work I’ve ever seen, professional and courteous. Within a half an hour Thom and Chris had the issue fixed. They cost the same as any other plumber, only won’t gauge you and tell you that you need something you don’t require. Keep up the good work.

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We had Doyle’s come to fix our furnace. The office staff are great, the guys work long hours to keep people going so they have heat and don’t freeze! Our furnace guy Mike was highly skilled and truly cared. We would recommend Doyle’s for all your furnace needs.

— Debbie, Peterborough, ON

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I’ve struggled with my air conditioning unit at my business for 5 years. The guys at Doyle were helpful and brainstormed several options for solutions to my ongoing issue. I appreciated that they arrived on time and on the scheduled day. The company even scheduled work to be done after business hours so they didn’t disrupt my shop. Thanks for everything.

— Becki, Cobourg, ON

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— Jeffery, Oshawa, ON

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Doyle Home Services

24 hour plumbing, HVAC, water treatment, septic services and renovations for home and business owners in Ontario. We employ a large team of highly skilled people, fully licensed plumbers, HVAC technicians, and carpenters to serve our clients across Peterborough, Kawartha Lakes, Haliburton, Durham Region, Northumberland, and Belleville.

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Doyle Home Services
Specialists in plumbing, heating, air conditioning & renovations
1316 County Rd. 28
Fraserville, ON K0L 1V0
Canada
Hours: 24 hours
Phone: 877-706-2621
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