Hi, I'm looking for an architect in the Toronto area who has experience converting a single family home to a triplex or 4-plex. At the same time, I would welcome the opportunity to connect with other investors who have gone through this process. I look forward to your feedback. Thanks for...

Hi, I have a couple of one bedroom executive rentals in Toronto, and I had to choose between dining space and office space. I did some research, and decided that I could sacrifice dining space as long as I provided a nice eating area at the kitchen island. Can you do a one bed layout and...

Hi, I have the same question - any more recommendations? Thanks! QUOTE (housingrental @ Oct 14 2010, 01:51 PM) George Dube in Kitchener

Hi Terri, I just sent you a message through your website - what`s the best way to contact you? Thanks, Ramona QUOTE (terri @ Sep 28 2010, 11:58 PM) hi Ramona, toronto city hall has a package that you can pick up on secondary suite requirements. Now, I don`t know if you are technically in...

Great points - thanks. The 30k was an estimate of what I`d need to put in to finish the whole space. If we decide to not rent it out (I`m worried about a bylaw issue), then I`d like to reduce the amount I put into our basement, and put more towards an investment proptery. All the best, Ramona...

Thanks so much, I will definitely get in touch when I get back from my vacation. I look forward to speaking with you. Ramona ps the pics on your website look beautiful. QUOTE (terri @ Sep 28 2010, 11:58 PM) hi Ramona, toronto city hall has a package that you can pick up on secondary suite...

Thanks so much Michael, I should clarify, and repick your brain... the basement is around 900 sq ft. We would keep around 300 sq ft for us, and the rest for a tenant. As it is, the ceiling height is great for our purposes, and to code (between 6`8" - 7`2"). However, under the beams, where we...

Thanks for this advice. I`m really torn because we have to spend a fair bit of money regardless on fixing up the basement (waterproof, insulate, finish - I`m estimating 30k), but we wouldn`t see any of that back for a long time. If we invest the extra (another 50k, so approx 80k total) to lower...

Wow - I didn`t know about the grant. Thanks a lot, and thanks for the other advice. Ramona QUOTE (Berubeland @ Sep 21 2010, 02:12 PM) I would recommend unfurnished simply because there are more people looking for unfurnished rather than furnished. You might look into CMHC`s RRAP program (you...

Also, would you recommend I provide a furnished or unfurnished basement suite? Thanks! QUOTE (ramonac @ Sep 21 2010, 12:15 PM) Hi Garth, Thanks so much - I`d like to do that. Ramona

Hi Garth, Thanks so much - I`d like to do that. Ramona QUOTE (GarthChapman @ Sep 20 2010, 10:07 PM) Maybe you can do both (although 70k seems very high to build a basement suite (and we have built a few). Build the suite in your home and then refinance your home with the vaue added meaning you...

Hi, Thanks so much for the advice - it`s very helpful. I can borrow more, or go in with a partner for a separate investment property. All the best, Ramona QUOTE (rgill @ Sep 20 2010, 09:42 PM) Hi Ramona: Lets assume you decide to rent the basement: by investing 80k and renting the basement out...

Hi, I`m new to REIN and very excited to learn from all of you. I`m trying to decide where my money is best spent: my basement (to create a rental unit) or a different investment property (that I have yet to find). I would appreciate any input. Here are the details: We are planning on...