Pay off your mortgage faster with an income suite!

We are YEG’s Income Property Experts, with a vast selection of models that we can build legal income suites in – from townhomes to duplexes to single family homes.

Seeing is believing, that's why we created an income property calculator. Click the home type – Duplex, Laned Home or Attached Garage – and toggle between the No Suite and Basement Suite options to see the difference in your net mortgage or amortization schedule.

Duplex Laned Home Attached Garage

no suite basement suite

Mortgage Payment

Less: Rental Income

Net Mortgage

More Details

Price

Amortization

25 30 35 40 45

Interest Rate

Down Payment

$18,500 (5%) $37,000 (10%) $55,500 (15%) $74,000 (20%) $92,500 (25%) $111,000 (30%)

Who Rents Income Suites?

• Students – we have all been there, searching for a private, quiet, affordable place to make mac and cheese, put our bed and clothes, sleep, shower, and study.
• New professionals – they have started a career and are ready to work hard, but they want a safe and affordable place to live as they save towards a down-payment for their own home.
• World travellers – they live to work enough to cover their expenses and plan their next great adventure.
• Empty nesters – their children have moved out and they do not need a big house anymore.
• Those undergoing life transitions – whether it is a relationship change, new career choice, or simply making a change of province/city, your income property could be the bridge to someone starting a new chapter in life.

What does a Lincolnberg Master Builder Secondary Suite Include?

• Legal permits
• 9' basement foundation wall (8’ for duplex and townhome models)
• Separate side or rear entry complete with doorbell
• High efficiency furnace for basement suite
• Tankless hot water tank unit for whole house
• Fire protection & sound dampening between basement and main floor
• 5-piece appliance package plus standard range hood
• Vinyl-finished stairs to basement

*Homeowner responsible as they see fit to apply for second address/utility set-up.