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You’re in the right place!  We are a husband and wife team who LOVE this business and love doing good work for good people.  We’re believe in the face-to-face version of this business built and not the one that hides behind websites and fake five star reviews.

As a husband-and-wife team we’ve been in and around the home business for over thirty years.  And because of that, we can’t possibly convey all of that experience in a few mouse clicks.  Reach out.  Connect.  Come see us at one of the home shows.  We are quietly one of the fastest growing renovation companies in Calgary and look forward to hearing about your project large or small. Just FYI, EVERY contractors bread and butter are smaller projects so don’t hesitate to reach out.

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How Much Value Does a Basement Suite Add to a Calgary Home?

Basement Renovations

The Real Value of a Legal Basement Suite in Calgary

Adding a legal basement suite is one of the highest-ROI renovations you can do in Calgary. Here’s what the numbers actually look like.

Direct Property Value Impact

Legal basement suites typically add $100,000 to $200,000+ to a Calgary home’s appraised value, depending on:

  • Size of the suite (1BR vs 2BR)
  • Quality of finishes
  • Neighbourhood
  • Current rental market

Rental Income ROI

Suite Type Monthly Rent Annual Income Payback on $90K Investment
1-bedroom basic $1,300 $15,600 5.8 years
1-bedroom premium $1,600 $19,200 4.7 years
2-bedroom standard $1,800 $21,600 4.2 years
2-bedroom premium $2,200 $26,400 3.4 years

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⚠ Estimate Disclaimer: These are only ROUGH estimates that can vary wildly. Do not take these numbers as gospel. Having a defined scope of work and exact selections will give you clarity.

Full Financial Picture (10-Year View)

Investment: $90,000 for a legal 1-bedroom suite

  • Year 1 property value increase: $120,000
  • Year 1 rental income: $15,600
  • 10-year cumulative rent (with 3% increases): $179,000
  • 10-year property value increase (with 3% appreciation): $190,000
  • Total 10-year value: $369,000 on a $90K investment

Additional Benefits

  • Qualifies for rental income on mortgage qualification
  • May help with refinancing
  • Provides housing flexibility (aging parents, adult kids)
  • Hedges against economic uncertainty

Potential Downsides

  • Landlord responsibilities (tenant management, repairs)
  • Property taxes may increase slightly
  • Insurance may cost more
  • Loss of basement as private family space

Ready to Add a Suite?

Contact Olympic City Renovations for a free consultation.

Olympic City Renovations serves Calgary, Priddis, Okotoks, and surrounding communities. We specialize in kitchen renovations, bathroom renovations, basement developments, and luxury garage builds.

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Planning your renovation? Start with our complete Calgary renovation guide.