Why does nobody talk about how hard it is to sell a house with a basement suite in Edmonton?
I was at a open house last weekend in Oliver and the realtor straight up told me that basement suites are a nightmare to sell because of the city's weird zoning rules. On one hand, you got buyers who see that extra rental income and think it's a goldmine. On the other hand, the city of Edmonton has been cracking down on unregistered suites lately, and I heard someone say their neighbor got fined $5000 for not having permits. Plus, insurance companies are getting picky about liability if there's a tenant. But then again, rents are so high right now that a basement suite could cover your whole mortgage. So what do you all think - is it worth the headache to buy a house with a suite, or should you just stick to a single family home and avoid the drama?