Duplex Conversions

Home Additions Ottawa

Duplex conversion is a powerful real estate investment strategy that involves transforming a single-family home into a Legal Secondary Suite. This approach is particularly effective in Ottawa, allowing homeowners to create short-term or long-term rental situations that boost their income and property value.

What is a Legal Secondary Suite?

A legal secondary suite is an entirely separate apartment within the same building, created with approved city permits. Also known as an in-law suite, accessory unit, basement apartment, duplex, or two-family dwelling, these units are designed to be self-contained with their kitchen, bathroom, and living spaces.

Benefits of Duplex Conversion

• Increase Monthly Cash Flow: Single-family home rents often fall short of covering all monthly expenses such as mortgage, property taxes, and insurance. A secondary suite can significantly boost your rental income, ensuring a positive cash flow.
• Diversify Investments: With multiple income streams from a single property, you reduce financial risk and increase the stability of your investment portfolio.
• Support Affordable Housing: Adding secondary suites helps address the housing shortage in Ottawa, providing quality, affordable rental units for tenants in need of housing.

Key Considerations for Duplex Conversions

Finding the Right Property

Before purchasing a property for a duplex conversion, consider these factors:

• Purchase Price: Ensure the property fits your budget.
• Location: Choose a location with high rental demand.
• Tenant Profile: Understand the type of tenants the area attracts.
• Rents in the Area: Research local rental rates to estimate potential income.
• Renovation Costs: Budget for necessary renovations to create a legal secondary suite.

Knowing the Bylaws

Familiarize yourself with Ottawa’s specific bylaws and regulations regarding duplex conversions. Key areas to consider include:

• Parking Requirements: Determine if the property meets the city’s parking standards, whether tandem or side-by-side parking.
• Zoning Laws: Ensure the property is in an area that allows secondary suites.
• Egress Requirements: Each unit must have two ways in and out for fire safety.
• Square Footage and Ceiling Height: Adhere to minimum and maximum size requirements and ensure the basement ceiling height meets Ontario Building Code standards.