Legal Second Suite Conversion – Day 1

Overview

Day one of the class:

– What is a legal second suite
– Why should you consider doing one? (Savio)
– Cashflow
– Mortgage pay-down
– Appreciation
– ROI and Cashflow calculator simulation
– Adding stock to the already low inventory
– Neighbourhood breakdown (rental market)
– Top 3 considerations before making an offer
– Zoning
– City by-laws – Can you comply?
– Cost – How much work is involved
– OBC requirements
– 10-Step action plan (after offer is accepted)
– The perfect second suite

Event Video