WHAT IS AN AUX APARTMENT

A NEW WAY TO ADD HOME VALUE
Here at Welcome Home, we believe in creating solutions to maximizing your home value. That’s why we are introducing auxiliary apartments.
 
HOW IT WORKS
Our team designs and builds an apartment right off of your existing home to perform as its own dwelling. It comes complete with a separate entrance and utilities, allowing it to add home value in a few different ways:

 

  •  Passive rental income
  • Customized additional space
  • Create instant equity

Old Deck Turned into an Aux Apartment

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224 Portsmouth Gate, Waterloo, ON Images Below

RENTAL INCOME

Rental Suite    Current Market Rent

1 Bed               1850

2 Bed                2250

3 Bed                2750

OWNER OCCUPIED ( 3 BEDROOM )

INCOME & EXPENSE STATEMENT 3BR
   
INCOME  
Main House 3 Bedroom ($2750/ Month) Utilities InclOwner Occupied
Basement 1 Bed/ Bachelor ($1850/Month) Utilities Incl$22,200.00 
New Addition 2 Bedroom ($2250) + Utilities$27,000.00 
   
Total Income $49,200.00
   
EXPENSES  
Mortgatge Payment P&I ($4557.67/Month)$54,692.04 
Property Taxes$12,000.00 
Utilities $300/month$3,600.00 
Insurance$3,600.00 
Total Expenses $19,200.00
   
NET INCOME $30,000.00
   
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000  
Payment $4557.67 

OWNER OCCUPIED ( 2 BEDROOM )​

INCOME & EXPENSE STATEMENT
   
INCOME  
Main House 3 Bedroom ($2750/ Month) Utilities Incl$33,000.00
Basement 1 Bed/ Bachelor ($1850/Month) Utilities Incl$22,200.00 
New Addition 2 Bedroom ($2250) + UtilitiesOwner Occupied 
   
Total Income $55,200.00
   
EXPENSES  
Mortgage Payment P&I ($4557.67/Month)$54,692.04 
Property Taxes$12,000.00 
Utilities $300/month$3,600.00 
Insurance$3,600.00 
Total Expenses $19,200.00
   
NET INCOME $36,600.00
   
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000  
Payment $4557.67 

OWNER OCCUPIED ( 1 BEDROOM )​

INCOME & EXPENSE STATEMENT
     
INCOME    
Main House 3 Bedroom ($2750/ Month) Utilities Incl $33,000.00
Basement 1 Bed/ Bachelor ($1850/Month) Utilities Incl Owner Occupied  
New Addition 2 Bedroom ($2250) + Utilities $27,000.00  
     
Total Income   $60,000.00
     
EXPENSES    
Mortgage Payment P&I ($4557.67/Month) $54,692.04  
Property Taxes $12,000.00  
Utilities $300/month $3,600.00  
Insurance $3,600.00  
Total Expenses   $19,200.00
     
NET INCOME   $40,800.00
     
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000    
Payment $4557.67  

PURE INVESTMENT PROPERTY

INCOME & EXPENSE STATEMENT
     
INCOME    
Main House 3 Bedroom ($2750/ Month) Utilities Incl $33,000.00
Basement 1 Bed/ Bachelor ($1850/Month) Utilities Incl $22,200.00  
New Addition 2 Bedroom ($2250) + Utilities $27,000.00  
     
Total Income   $82,200.00
     
EXPENSES    
Mortgage Payment P&I ($4557.67/Month) $54,692.04  
Property Taxes $12,000.00  
Utilities $300/month $3,600.00  
Insurance $3,600.00  
Total Expenses   $19,200.00
     
NET INCOME   $63,000.00
     
Mortgage is Calculated 4.79%, OAC 25 Year Amortization
MORTGAGE AMOUNT $800,000    
Payment $4557.67  
   

Qualify For Financing with a $15,000 Deposit

Application Below

    Address

    By Appointment Only

    15 Charles Street East

    Kitchener, ON    Canada

    Phone

    RIZ    519-760-2224
    FAIZAL 519-729-9445

    Email

    info@welcomehome.construction