Today we are joined by Andy Tran & Deshon from Suite Additions who are sharing their very valuable insights on how to add secondary suites, or even third or fourth unites to your property!

If you are interested in adding an Ontario garden suite, it can be a very valuable addition to your property increasing property value as well as adding an extra revenue stream for you to lean on. Garden suites have become more popular especially with the introduction of bill 23 in Ontario as the province and the country are working hard to increasing housing through building and densification initiatives. 

Toronto garden suites have become very popular with those who have an extra garage that is big enough and close enough to the primary property, making it into a nice domicile. A secondary suite being used to increasing rent on a property is very versatile, weather you're doing this through a garden suite approach OR if you want to do a basement apartment renovation. If you want to do a basement suite design and are wondering about basement design ideas, legal basement requirements in Ontario allow you to build a variety of designs that are very appealing to those living in a city. It can be an affordable option to help homeowners pay for their increasing mortgages and property costs. 

Legal basements are valuable but also require permits that will incur additional costs. But a legal basement apartment will become a relatively permanent fixture in your home and can even allow your property to become a generational home. If you want to duplex your home or really take advantage of the Ontario bill 23 that was recently introduced, you can improve value and income by adding additional suites to your property where possible. 

If you want to check out Andy and his team through Suite Additions, reach out to them on Instagram. 

Andy Tran  👉  https://www.instagram.com/suite_additions
Dushaan Poobala 👉 https://www.instagram.com/dushaan_p

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0:00 - Intro
1:36 - Checklist
5:10 - Wealth Formula
7:35 - Working With Existing Structure
10:21 - Definitions
11:55 - Most common suite additions
13:52 - Legalizing illegal units
16:07 - Restrictions
19:45 - Any Deal Breakers?
23:12 - Time Frames
29:10 - Sequence of work
31:50 - Secondary Tiny Home?
35:30 - Average Costs
39:45 - Bill 23