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Legal Duplex / Second Suite Conversions

Start making an income with your home

Have you considered turning your home into a money making machine that can help offset or even pay for your mortgage?

By converting your unused space in your home into a second suite / legal duplex in Barrie, you can generate extra monthly rental income that can offset or even pay for your mortgage in full

At Belcor we specialize in income generating conversions for your home or investment property. We make the whole process a smooth, easy to understand step by step procedure.

Our team works hand in hand from the design and permit submissions all the way through to the and of the construction providing you with a turnkey income generating second suite.

Legal duplex second suite contractor in the Barrie area
Legal duplex second suite contractor in the Barrie area

Mortgage Scenario

Purchase Price:

Down Payment:

Amortization period:

Mortgage rate:

Mortgage type:

$550,000

$30,000

25 Years

1.94%

5-Year Fixed

Mortgage Payment:

Property Tax:

$2274.00

$458.00

Total Payment:

$2732.00

Duplex Income Scenario

Construction Cost:

Timeline:

Rental Income (Monthly):

Rental Income (Annual):

Construction Paid Off:

$89,000

3 – 4 Months

$1600

$19,200

4 Years 8 Months

Mortgage Payment:

Rental Income:

$2274.00

$1600.00

New Mortgage Payment:

$674.00

Legal duplex second suite contractor in the Barrie area