If you’re buying a home in Calgary, adding “secondary suite” or “income suite” to your must-have list could be one of the smartest moves you make. A home with a legal basement suite or separate rental unit can provide steady income, boost your property value, and give you financial flexibility—both now and in the future.
Here’s why buying a Calgary home with a rental suite is such a great idea:
1. Rental Income to Offset Your Mortgage
In Calgary’s current real estate market, a well-located legal suite can bring in $1,200 to $1,800+ per month in rental income. That extra cash can:
Cover a significant portion of your mortgage payment
Make it easier to qualify for financing
Help you pay down your mortgage faster
With mortgage rates and housing costs on the rise, having a built-in revenue stream can make homeownership more affordable.
2. Increased Property Value
Homes with legal suites in Calgary often command higher resale prices. Buyers love the idea of generating extra income or having private space for family. If you ever decide to sell, your property could attract more interest and higher offers.
3. Flexible Living Arrangements
A secondary suite isn’t just for renters—it can also be the perfect space for:
Aging parents who want to live nearby but independently
Adult children saving for their first home
Guests who appreciate their own kitchen, bathroom, and entrance
4. Potential Tax Advantages
When you rent out a legal suite, you may be able to claim certain expenses against your rental income, including a portion of utilities, maintenance, and property taxes. Talk to your accountant to understand how to maximize these benefits while staying compliant.
5. Financial Security in an Uncertain Market
Whether it’s rising interest rates, job changes, or unexpected expenses, life can be unpredictable. Owning a home with a suite in Calgary gives you peace of mind knowing you have a consistent source of extra income.
💡 Pro Tip: Calgary requires secondary suites to meet specific safety, zoning, and building code requirements. Buying a legal suite ensures you can rent it out without headaches and keeps you compliant with city regulations.
Final Word
Buying a home with a suite in Calgary isn’t just about extra space—it’s a smart investment that can pay off for years to come. With the right property, you can enjoy more financial freedom, increase your home’s value, and have flexible living options for your family.
Looking for Calgary homes for sale with income suites? I can help you find the perfect property that fits your budget, lifestyle, and revenue goals.
📞 Contact Terry Edwardson today to start your search!
