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Homeowner
Some of the main reasons for building a separate secondary dwelling unit is to accommodate an aging loved one, young adult, or other family member. A separate unit allows autonomy and privacy and can be tailored to fit the purpose it is intended for. For example a separate unit for yourself or an aging loved one can be equipped to future proof for mobility or assisted living.
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investor looking to acquire a property
Tougher mortgage qualification standards combined with rapidly increasing borrowing costs, have taken buyers out of the homeownership market and increased demand for rental housing. Planned immigration and migration increases to Southern Ontario are other factors further stressing an undersupplied rental market. Combine this with the ability to have as many as three rental units on one property, and a shrewd investor can see the unique investment opportunity this presents.
The process of acquiring a property to accommodate this is challenging; not every property qualifies despite looking like it may. At Alto Basso our core disciplines revolve around acquisition and financing. We can get you the right property for your needs and assist in the creation of a solid real estate investment property from acquisition to opening the door to your SDU.
Looking to buy property to accommodate a separate dwelling.
investor with current property
Depending on age and mobility, an SDU provides a homeowner the luxury of building a detached home on the property they own in the community that they love. Homeowners can convert the main house into a rental unit and live in the SDU or, vice versa.
For the homeowner, now part-time real estate investor, the rental income will, in most cases, cover the costs of carrying the newly built SDU and/or the mortgage of the main house.
