• Bungalows for sale with basement suites in Toronto

Bungalows are a very popular style of home in Toronto.  A bungalow style home has all of the bedrooms, kitchen, living space on one level.  Most Toronto bungalows have a full basement - the same size as the top floor.  This allows for lots of living space.

Many bungalows were built after World War 2 in Toronto so date from the 1940's.  The majority of bungalows in Toronto were built from the 1940's to the early 1970's when their popularity waned as growing families favored 2 story larger homes.   They were originally built as smaller, single family homes. 

What makes bungalows so popular is that they can accommodate a large basement apartment.  With rising interest rates these type of properties are in high demand from:

• first time homebuyers who need the income from a basement suite rental to help with the mortgage
• multi-generational families pooling their money to purchase a home
• investors who are attracted by the income a two-suite home can provide

If you are interested in learning more about the legality of in-law suites or secondary suites in Toronto, you can find more information on the City of Toronto's website here:  Secondary Suites City of Toronto

If you are planning to be a landlord or buy a home with a suite to rent out, make sure you understand the law, and your obligations as a landlord under the Residential Tenancy Act of Ontario; here are some resources:

Frequently Asked Questions of the Landlord and Tenant Board of Ontario

Residential Tenancies Act of Ontario