The income suite
A legal suite that helps with the mortgage.
A 700+ sq ft suite downstairs with its own door, kitchen, laundry and utilities.
The suite
Rent out the suite and it could cover about 59% of your mortgage.*
Every Hoylake home has a separate 700+ sq ft one bedroom suite downstairs. Rent it out, move family in, or live in it yourself and rent the main home.
Bob explains the suite23 sec- Fully legalPermitted as a second unit and built to code.
- Its own entranceNobody walks through your place to get in.
- Separate utilitiesIt runs on its own, apart from the main home.
- Everything they needKitchen, bedroom, full bath and laundry.
Who lives downstairs?
Rent the 700+ sq ft suite and put the income toward your mortgage. Planning rent around $1,650/mo.
Parents nearby, adult kids saving up, a caregiver close. Two kitchens, two front doors. Close, but not too close.
Live in the suite and rent the main home upstairs. A popular first time buyer move. Main home rent around $2,750/mo.
* Only if you rent the suite. Based on $599,000, 10% down, 4.49% over 30 years and a $1,650/mo planning rent. Estimate only.
Inside the suite
Take a look inside.
It was built as a suite from day one, not finished later. It has everything a tenant or family member needs, and nothing is shared with upstairs.
- Size700+ sq ft
- EntranceFully separate
- UtilitiesRuns on its own
- KitchenFull kitchen with island
- Bedroom1 bedroom
- BathroomFull bathroom
- LaundryIn-suite stacked laundry
- StatusLegal ARU
“It's the flexibility aspect of these townhomes that is different than anything else on the market.”Bob Arppe
The numbers
What the suite could cover each month.
Your monthly cost
$0*
After rent, with property tax
Cash to close
Plus legal fees, title insurance and adjustments, usually a few thousand dollars. The mortgage insurance premium is added to the mortgage; Ontario charges 8% PST on it at closing.
* . Estimate only, not a mortgage approval. Excludes home insurance and utilities. Rents and property tax are planning numbers, not a guarantee. Ontario's enhanced new home HST rebate covers eligible agreements signed April 1, 2026 to March 31, 2027.
FAQ
Suite questions.
Ask Bob anything else, he usually replies in minutes.
What is an ARU?
Is the suite actually legal?
What could the suite rent for?
Will a lender count the rental income?
Does the suite need its own insurance?
Can family live in the suite instead?
Private showings
See the suite in person.
Bob will walk you through the main home and the suite and answer any money questions.
Bob ArppeUsually confirms within the hourYou're booked in.
Bob will confirm your showing by text shortly. Want to talk now?