Planning to buy a 5‑bed home with a legal 2‑bed basement, is this a good investment?
I’m looking at a house in Stittsville, Ontario. The main unit has 5 bedrooms and 3.5 baths across the first and second floor. The basement is a legal 2‑bed unit with its own living room, separate kitchen, washer/dryer, and a private side entry. The builder is finishing the basement as part of the purchase.
A few details:
• Basement size: 950 sq ft
• Main unit: 2840 sq ft
• Lot size: 35 ft
• Basement tenant would get their own mailbox
• I’d offer one parking spot on the driveway
• Purchase price: $1.07M
• Location: Westwood area (Stittsville)
My main question is whether this is a good investment overall, and what kind of rent I can realistically expect for the legal 2‑bed basement in this area.
Anyone familiar with Stittsville/Westwood rental demand or similar setups - would appreciate your thoughts.
Also, how difficult is it to get a house rented in this area?