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Unlock the Potential of Your Home with a Legal Secondary Suite Calgary
A secondary suite in Calgary will transform your home into a flexible, income-generating asset. Earn rental income, reduce stress, support loved ones with independent space, or downsize comfortably while earning cash flow and boosting property value.
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No Better Time Than Now to Upgrade to A Secondary Suite in Calgary
With programs like Calgary’s Secondary Suite Incentive Program and Government of Canada’s New Secondary Suite Low Interest Loan Program, there has never been a better time to develop a secondary suite.
At Alberta Indoor Comfort, we make it easy to design, fund, build, and legalize your suite. Contact us today to unlock your home’s true potential!
Your Home Can Do It All
Your home has untapped potential to not only meet your family’s needs but also secure your financial future. By developing a secondary suite, you can unlock a world of possibilities:
- Generate rental income to offset your mortgage or boost retirement cash flow.
- Create a safe and independent space for senior parents, adult children, or caregivers.
- Downsize in place living comfortably in a smaller, low-maintenance suite while renting out the main home for steady income, or live on main, rent out the below.
With Calgary’s (grants) and Canada's (loans) encouraging secondary suites, now is the perfect time to make the most of your property. Our team specializes in designing, building, and legalizing secondary suites that meet local regulations and suit your lifestyle.
Imagine turning your home into a flexible, income-generating asset that supports your goals today and tomorrow. Schedule your free consultation now and discover how a secondary suite can transform your home and your future!
20 Uses and Benefits of Your Secondary Suite in Calgary
- 1. Homeowner + Renter
Benefit: Generate consistent rental income to offset mortgage payments or supplement household expenses. - 2. Homeowner + Senior Parents
Benefit: Provide a safe, independent living space for aging parents, ensuring proximity while reducing senior living facility costs. - 3. Homeowner + Adult Children
Benefit: Help adult children transition to independence with affordable housing while staying close to family. - 4. Homeowner + Nanny
Benefit: Offer a private space for a live-in nanny, ensuring seamless childcare arrangements with mutual privacy. - 5. Homeowner + Caregiver
Benefit: Accommodate a live-in caregiver for elderly or disabled family members, ensuring dedicated care in a home environment. - 6. Homeowner + Student Rental
Benefit: Rent to local students, earning steady income while supporting their educational journey. - 7. Homeowner + Downsizing Option
Benefit: Move into a smaller, low-maintenance suite while renting out the main home for steady cash flow during retirement. - 8. Homeowner + Vacation Rental
Benefit: Use the suite for short-term rentals (e.g., Airbnb), generating higher income during peak seasons. - 9. Homeowner + Guest Accommodation
Benefit: Create a comfortable, private space for visiting family or friends, saving on hotel expenses. - 10. Homeowner + Home Business
Benefit: Transform the suite into an office or studio, reducing external office expenses and adding tax advantages. - 11. Homeowner + Exchange Student
Benefit: Host an exchange student for extra income and a cultural exchange experience for your family. - 12. Homeowner + New Immigrants
Benefit: Provide housing for new immigrants while earning rental income and contributing to community integration. - 13. Homeowner + Co-Housing with Friends or Relatives
Benefit: Share your property with trusted friends or family to split living costs while maintaining independence. - 14. Homeowner + Multi-Generational Living
Benefit: Enable multiple generations to live under one roof, sharing resources while maintaining privacy. - 15. Homeowner + Tax Benefits
Benefit: Deduct expenses related to the suite’s maintenance, utilities, and property management from your taxes. - 16. Homeowner + Retirement Income Plan
Benefit: Secure steady rental income during retirement to supplement pensions or savings. - 17. Homeowner + Temporary Housing During Renovations
Benefit: Live in the secondary suite temporarily while renovating your main home, saving on external accommodations. - 18. Homeowner + Mortgage Qualification Assistance
Benefit: Use rental income potential to help qualify for a larger mortgage when buying or refinancing your home. - 19. Homeowner + Emergency Housing
Benefit: Provide temporary shelter for family or friends in need due to emergencies like job loss or natural disasters. - 20. Homeowner + Future-Proofing
Benefit: Prepare your home for evolving needs, such as aging in place or providing housing flexibility for future family dynamics.
Financial Benefit of Renting Out Your Secondary Suite in Calgary
Our Proven Process to Develop or Legalize Your Suite
Paying For Your Suite
Building a secondary suite is more affordable than you think, especially when you combine multiple financing options to cover your investment, while considering the tax reducing incentives related to interest deduction.
We make it easy for you, as our process includes the funding step and potential rental considerations (yes, we bring this expertise), framing the projected in and out cashflows frequently required for your funding partner.
- Government Grants & Rebates: Municipal or provincial programs sometimes offer financial assistance or rebates for energy-efficient upgrades or code-compliant basement suites—check local initiatives that align with your project.
- Personal Savings: If you’ve been setting aside funds, tapping into your existing savings can help cover upfront material and labour costs without adding to your monthly expenses.
- Mortgage Refinancing: Refinancing lets you tap into your home’s equity at potentially lower interest rates. The funds you free up can be channelled directly into your renovation project.
- Home Equity Line of Credit (HELOC): A HELOC allows you to borrow against your home’s equity on an as-needed basis. You’ll only pay interest on what you use, making it a flexible option.
- Government Grants & Rebates: Municipal or provincial programs sometimes offer financial assistance or rebates for energy-efficient upgrades or code-compliant basement suites—check local initiatives that align with your project.
- Bank Loans & Credit: Traditional loan or credit options may suit you if you qualify for favourable terms. Always compare interest rates and repayment periods to find the best deal.
- Partnerships & Private Funding: Teaming up with family, friends, or private investors can share both costs and potential rental income, easing the financial burden.
- CMHC Incentives: The Canada Mortgage and Housing Corporation occasionally provides mortgage insurance incentives for secondary suite additions, making your loan more accessible.
By finding the right mix of financing strategies, you can confidently move forward with your secondary suite development plans.
Schedule Your Secondary Suite Consultation Today!
Earn More, Support Loved Ones, Downsize Comfortably, or Expand Your Space
Your Home Can Do It All !
Customer Reviews
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Great customer service! We were treated like friends. Very helpful team!
Pedro Jose
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Fantastic company. From the thorough consultation to the installation everyone we dealt with was professional, knowledgeable, efficient and responsive. They cleaned up after themselves and explained everything we needed to know. Also great customer service. I would highly recommend this company for any AC, heating, water tank needs. Thank you Alberta Indoor Comfort for setting us up and making our home more comfortable.
Lesley Sugden
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Was very well versed with the service that was going to be provided I am quite happy that was him that came to my to explain some times you don’t have the questions to ask but with the knowledge he had put me to peace I would recommend Daryl to everyone I will be doing business with Daryl and James came on a follow up and was exceptional thanks for the service
