River's Crossing is pleased to announce Cranbrook's first legally suited home was completed this spring and sold to investors. The upstairs is being operated as an Air BnB and the basement suite is occupied by a long term tenant.
This home is bright and airy with a contemporary interior and a carefully designed suite.
Homes with suites are a great opportunity for first time buyers and those in the market for a vacation home.
“The secondary suite is a great feature,” says Matt Oberle, Project Manager at River’s Crossing. “We want our community to be accessible to people at all stages of life, and a suite helps make living here more affordable.”
A suite can help a buyer qualify for a mortgage, reduce monthly payments and the time it takes to pay off a home, or allow boomers to look after ageing parents while keeping their own private space.
“50% of rental income from a legal secondary suite can be considered when you’re applying for a mortgage,” says RBC Mortgage Specialist Tracy Amy. “Depending on all of your circumstances, it might allow you to qualify for a larger mortgage than you expected.”
Cranbrook’s Living-Stones Developments built this smart family home. Their aim is to build a quality product at an affordable price, so there isn’t a single inch of wasted space in the design.
The fully equipped 577 sq ft basement suite is a prime example of how much thought went into this home. It includes an L-shaped kitchen with dining area, laundry in the entry and a separate living room.
Most of the 721 sq ft main floor is dedicated to family living, with an open concept galley kitchen with island and pantry, dining room and living area.
Upstairs there’s room for three bedrooms and a laundry nook. The master bedroom has its own walk-in closet and ensuite with double sink and shower.
If you like the look of this home and are contemplating a secondary suite, read here for 9 Reasons to Live the Suite Life.
For more information about this home, small cottages and estate homes at River’s Crossing please drop by our Sales Centre at Shadow Mountain Golf Course or give Bernie or Darren a call at 1-800-955-1205.
Your dream home can be a reality at River’s Crossing. Download the detailed lot map and pricing today.