Secondary suite Grant

About Us

Get Up to $80,000 to Build a Secondary Suite – Increase Your Income & Property Value!

A special Canadian federal housing program makes it easier than ever to create a rentable suite in your home

“Want to generate extra rental income, boost your property’s value, and pay down your mortgage faster? The CMHC Secondary Suite Loan can provide up to $80,000 in funding to help you build or renovate a suite in your home—basement, laneway, or garage. Discover how this program works and why it’s a win-win for savvy homeowners.”

What Is It?

• A Canadian federal housing initiative designed to increase affordable rental options.
• Offers up to $80,000 in financing to homeowners who want to build or legalize a secondary suite.

Why Does It Exist?

• Helps alleviate housing shortages by incentivizing homeowners to create additional, affordable rental spaces.
• Supports homeowners in offsetting the high costs of renovation or new construction.

Our Services

From new builds to transforming spaces, our dedicated team delivers tailored solutions for your vision.

Our Process

Efficient and transparent, our process ensures seamless progress from consultation to construction for optimal results..

Our Gallery

Explore our gallery, showcasing the finest examples of our craftsmanship, design, and completed projects for inspiration.

About Us

Innovative Homes, Timeless Quality

Our Vision

We envision a future where every home, regardless of its origin or age, can be transformed into a space that people are proud to call home.

Our Mission

One Of Ones Homes core mission is to build homes that stand as testaments to quality, innovation, and timeless design.

Our Process

How we work

Experience a stress-free building journey with our streamlined process. From the initial design consultation to the final walk-through, we uphold a commitment to clear communication and leverage the expertise of our seasoned team to provide steadfast support at every step.

1. Application

Check your eligibility and submit the necessary paperwork.

2. Approval & Funding

Once approved, you receive up to $80,000 to build or renovate a suite.

3. Repayment

Make regular payments on the loan—often partially or entirely covered by your rental income.

Why Choose Us

Rental Income Example

Average Basement Rental in Edmonton: $1,300/month.
Your Loan Payment (Approx.): $550/month at 2% interest for 15 years.
Monthly Cash Flow: Potentially $600–$700 while you’re paying off the loan.
After Loan Is Paid Off: The rent becomes nearly pure profit (minus operating expenses).

Property Value Upside
  • Increased Appraisal Value: A legal secondary suite can significantly boost your home’s market value.
  • Higher Buyer Interest: Future buyers see potential for extra income, making your property stand out.
Lower Mortgage Stress
  • Mortgage Helper: Rental income can help cover or reduce your monthly mortgage payments, allowing you to build equity faster.

One Homes

What We Do at One of One Homes

  • Assessment & Consultation: We evaluate your basement or property to ensure a secondary suite is feasible.
  • Design & Construction: We handle everything from permits to finishing touches.
  • CMHC Loan Application Help: Not sure where to start with the paperwork? We’ll guide you or handle it on your behalf.
  • Ongoing Support: Once built, we can advise on rental rates, tenant selection, and more.

Faqs

Frequently asked questions

Eligibility depends on your financial situation, your current mortgage, and the type of renovation or new construction. We’ll review all the details with you.
It varies per project. Typically, the application can be approved within a few weeks, and construction can range from 1-3 months depending on scope.

Absolutely, as long as it meets municipal zoning regulations. We’ll help you navigate these rules.

Lets get Started

Building What Matters to You

Building homes & spaces that exemplify quality, innovation, and timeless design.

Contacts

Gallery

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