Bull Homes builds permitted, code-compliant basement apartments across Toronto and the GTA — $2,200–$3,400/mo in legal rental income, fully under one roof.
The Canada Secondary Suite Loan Program offers up to $80,000 interest-free to eligible homeowners. We help you qualify, apply, and integrate it into your build budget.
Every Bull Homes basement we've submitted has passed permit review. We know the OBC 9.36 requirements, fire separation rules, egress windows, and ceiling-height triggers.
2026 GTA market data: a permitted 1-bed basement apartment rents for $2,200–$3,400/mo depending on neighbourhood. Illegal apartments rent for less and risk insurance + tax exposure.
Most legal basement apartments in the GTA fall in the $90K–$180K range, depending on whether the basement is already finished, ceiling-height work is needed, fire separation is required between units, and finish level. We give you a written cost range after the site assessment — no hidden numbers.
A legal basement apartment is permitted by your municipality and complies with the Ontario Building Code (Section 9.36) — proper egress, fire separation, smoke alarms, and ceiling height. Illegal apartments expose you to insurance denial, tenant disputes, fines from the city, and reduced resale value. Legalization also unlocks the $80K federal loan.
Typical timeline: 1 week assessment & feasibility report → 3–4 weeks design → 6–8 weeks permit review → 8–14 weeks construction. Most projects finish in 5–7 months from first call to handed-over keys.
Yes — the Canada Secondary Suite Loan Program requires owner occupancy of the primary unit. We walk you through eligibility during the assessment.
Free assessment. Written feasibility report. No sales pressure. We'll tell you honestly whether your basement is worth converting.
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