Are you thinking about building a basement suite in Edmonton? You’re not alone! Basement suites are a great way to add additional income or create more space for family. Let’s talk about what it really costs to build one the right way.
The Bottom Line Up Front
A legal basement suite in Edmonton typically costs between $60,000 and $100,000. But don’t let that number scare you – there’s a $40,000 government loan program that might help! Let’s break down exactly where that money goes.
Planning and Design: Getting Started Right
First things first – you’ll need plans and permits. Here’s what to expect:
- Design: Working with a licensed professionals will ensure the suite complies with local codes. These fees typically range from $2,000-$10,000, depending on complexity, professional expertise and additional requests such as 3d renderings.
- Permits: These are required by the city for your legal suite, and will range from $2000 to $4000.
- Total planning costs: Budget $4,000-$15,000
Pro tip: While hiring an architect might seem pricey, they’ll help you avoid costly mistakes and ensure your suite meets all legal requirements.
Construction Costs: The Big Stuff
This is where most of your budget goes, and for good reason! You’re essentially building a mini-home within your home:
Framing & Drywall: Setting the Layout
- Framing and drywall: Adding walls for separate living spaces like bedrooms and bathrooms.
- Total framing and drywall costs: Budget $5000 to $10,000
Plumbing and Electrical: The Essential Systems
Every suite needs water and power! Here’s the breakdown:
- Plumbing: $5,000-$10,000 for bathroom and kitchen setup
- Electrical: $2500-$5,000 for new wiring and fixtures
- Total plumbing & electrical costs: $7,000-$15,000
Comfort Features: Making It Livable
Nobody wants a cold, noisy basement! These upgrades make all the difference:
- Heating and ventilation: $5,000-$15,000 for adding city-required separate HVAC system for your legal suite
- Soundproofing: $1,000-$3,000 required by the city, and your future tenants will thank you!
- Total comfort costs: $6,000-$18,000
Kitchen and Bathroom: The Deal Makers
These rooms can make or break your rental success:
- Kitchen and bathroom fixtures: $5,000-$15,000
- Appliances: $2,000-$5,000
- Tile: $2000 – $5000
- Total bathroom kitchen finishing touches: $9,000-$25,000
Pro tip: Choose basic cabinets for a rental suite to help keep costs low, your contractor can show you which styles, materials and cabinet layout will be most cost effective.
Finishing
- Interior doors: $2000 – $5000
- Paint: $3,000 – $5,000
- Trim: $2,000 – $4,000
- Flooring: $5,000 – $15,000 flooring can range in price quite a lot, with more budget-friendly options like vinyl plank to more premium options like engineered hardwood
- Total bathroom kitchen finishing touches: $30,000-$60,000
Exterior Work (optional, only if needed)
If not already existing, you will need to add a separate entrance and egress windows.
- Exterior door with stairs: $15,000 – $25,000 to dig out and install a separate entrance with stairs and landing.
- Egress windows: $2,000 – $4,000 per window. Total window cost will vary depending on how many windows are in your design, at a minimum 1 egress window per bedroom is required.
- Total exterior costs: $20,000 – $32,000
TOTAL BUDGETED COST $62,000 – $146,000
Money-Saving Tips
- Check out the Canadian government’s $40,000 loan program for basement suites.
- Choose a reputable contractor who has a proven track record for completing on time, within budget and does quality work.
- Choose durable, mid-range materials that balance cost and quality.
- Know where to spend and where to save! Your chosen contractor can help you with these decisions, for example – invest in mid-range renter friendly flooring and save on bathroom fixtures.
Is It Worth It?
Short answer: Yes! A legal basement suite can:
- Generate monthly rental income
- Increase your property value
- Provide space for family members
- Pay for itself over time through rental income
Next Steps
Ready to start your basement suite project? Here’s what to do:
- Send us an email and we can go through the process with you
- Find some pictures of styles / designs you like to share
- Check if you qualify for the government loan program
Remember, while building a legal basement suite isn’t cheap, it’s an investment that can pay off for years to come. Just make sure to do it right the first time – your future self (and tenants) will thank you!
Need more information about building regulations in Edmonton? Check the City of Edmonton’s website or contact a local contractor for a consultation.
Prices listed are estimates as of 2024 and may vary based on your specific project requirements and market conditions.
