A basement apartment is an investment that will pay for itself! Whether you are looking to build a basement apartment to generate rental income or as an in-law or parental unit creating an apartment out of your basement space is a wise decision.
The income generated from rentals can be a great “mortgage-helper” to any household and down-the line when you are ready to sell, it can add resale value and assist new homebuyers by making the purchase more affordable with the income offsetting their mortgage payments.
An article published by The Star in September 2019 outlines the rental crisis situation in the GTA. The report by RBC Economics entitled “A Look at Canada’s Rental Housing Deficit” cites that the GTA is currently not equipped to handle an expected explosion in demand for rental units over the next 3-4 years. It urges that the pace of creating new rental housing supply must double if the city is to meet future demand…so be part of the solution and turn your basement into an income generator!
Alternately, if you have older parents, parents-in-law or grown children you’d like to keep close by, we have the solution! Seniors are the fastest growing age group in Ontario and finding safe suitable retirement facilities for your beloved parents is costly and difficult. Having them near in a basement apartment gives your peace of mind and is more affordable.
Completing your basement and building an apartment is a WIN-WIN anyway you look at it!
We at Capable Group Inc. can help you build a safe, comfortable apartment whatever your end goal, and with the income you will generate the apartment will pay for itself within the next 2-3 years and then continue to provide supplemental income for years to come.
Capable Group Inc. has been expertly servicing the GTA (Toronto, Mississauga, Oakville, Brampton, Markham, New Market, Thornhill, etc.) for over 10 years.
- We provide a full 3D rendering of your basement apartment so the end result is no surprise
- We handle all permit submissions, etc. so you are not caught up in paperwork
- We work closely with the city on inspections and adhere to all bylaws and codes
- We use high quality materials in an endless variety of options
- Our experienced in-house trades are fully insured and accredited
- We embody PASSION, PRECISION, PROFESSIONALISM and DELIVER PERFECTION
Are you considering investing in a full basement renovation? If so, let us show you how you can transform your basement into a REVENUE generator or provide additional space for your family quickly and effortlessly! We are also experts in transforming tired kitchens and bathrooms or doing full home remodels so you are living in the home of your dreams without moving.
Capable Group Inc. has been skillfully servicing the GTA (Toronto, Mississauga, Oakville, Brampton, Markham, New Market, Thornhill, etc.) for over 10 years.
At Capable Group Inc. we strive above all to make every basement remodel hassle and stress free. We operate around a fully transparent costing model which will usually see us complete a basement at a cost of $35-$40 per square foot. Our pricing includes a thorough examination of structural underpinning of faults, a 3D rendering of your basement, all labor and materials and full clean-up on completion.
In 2016, mortgage insurer Genworth Canada listed basement renovations as among the top 5 home renovation projects which help increase overall property values. Additionally, the online money magazine, The Balance recently referenced the average basement remodel as being able to provide a 70 to 75% return on the upfront renovation costs.
At Capable Group Inc. we know how financially beneficial a basement renovation can be. We also know that the basement remodel is about much more than just adding added market value to your property, it’s about adding warm and liveable additional space for your family to enjoy and grow in. A basement renovation can provide you with a blank canvas of opportunity. When undertaken by professionals such as ourselves, a basement remodel can add everything from extra guest accommodations to dedicated home entertainment space to a rental property generating income! The only question is, how do you plan to make the most of your lower level?
Founded in 2006, Capable Group Inc. has been helping homeowners in the GTA and surrounding areas add equity and beauty to their homes. Our superior services include basement renovations as well as complete or partial home remodels. We employ only the most skilled and experienced remodelling experts, as well as use state-of-the-art 3D modelling and computer-aided design software.
Our passion for perfection in everything we do is only surpassed by our professionalism. Our objective is ensuring each and every client is 100% satisfied and can feel confident in recommending us to their family and friends. We are proud to have selected as Best of 2019 by HomeStars and consistently earning 5-star Google reviews.