Your build

Set your suite type, size, and target rent. We'll handle the math.

Legal basement apartment — fastest permit timeline (4–6 months), lowest entry cost.

400 1,500 sqft

Premium = Bull Homes default — solid hardwood, quartz, mid-tier appliances, energy-efficient mechanicals.

$1,500 GTA avg: $2,200 $4,500

Defers $15K–$30K in Toronto Development Charges over 20 years.

Financing note: CMHC Refinance for Secondary Suites

Eligible owner-occupiers can refinance up to 90% of post-construction value (vs. 80% on a standard refi), with up to 30-year amortization. For most projects this means most of the build cost can be financed against post-build equity, dramatically reducing out-of-pocket capital. Actual proceeds depend on existing mortgage balance and lender approval. We coordinate with your mortgage broker. Not factored into the gross numbers below.

Your numbers

Live update as you adjust inputs.

ROI estimate — illustrative only. Final numbers depend on your specific lot, finishes, financing terms, and rental market. Not investment, tax, or legal advice.
Annual cash flow (year 1)
$26,400
After typical operating expenses (~10%)
Build cost
$270,000
All-in, premium finish
Net cost (with DC deferral)
$247,500
Build cost minus 20-year DC deferral benefit
Gross yield
9.8%
Annual rent ÷ build cost
Payback period
7.2 yrs
Effective cost ÷ annual cash flow

Want a precise quote?

Book a free 45-minute site visit. We measure your lot, review your goals, and email a written feasibility report with real costs within 5 business days.

Book Free Assessment

How these numbers are calculated

Build cost = suite size × per-sqft cost × finish multiplier. Per-sqft costs reflect 2026 GTA market: basements $200–$350, laneway $450–$600, garden $425–$575 (all-in including permits, engineering, and finishes).

Net cost = build cost minus the present value of Toronto's 20-year interest-free Development Charge deferral (if applied), which saves $15–30K depending on suite size and municipality.

CMHC Refinance for Secondary Suites — separate from the figures above — lets eligible owner-occupiers refinance up to 90% of the post-build (as-improved) value of their home, vs. 80% on a standard refinance, with up to 30-year amortization. Actual capital unlocked depends on your existing mortgage balance, post-build appraisal, and lender approval. Subject to CMHC eligibility criteria. Bull Homes is not a mortgage broker and does not provide financial advice — we coordinate with your lender to align construction milestones with financing.

Annual cash flow = (monthly rent × 12) minus 10% for vacancy, maintenance, insurance, and management. Doesn't include mortgage interest on borrowed capital — for full ROI modeling, ask us for a detailed pro forma.

Gross yield = annual rent ÷ total build cost. Use this to compare against other investments. Payback = effective cost ÷ annual cash flow — how long until you've earned back your out-of-pocket.

Disclaimer: Calculator is for screening purposes only. Final numbers depend on lot specifics, design choices, financing terms, and market conditions. Not investment, tax, or legal advice — consult a qualified advisor for those.