With housing affordability becoming an increasing concern for countless Canadians, the government is stepping up with innovative solutions to ensure that everyone has access to a home they can afford. Beginning January 2025, homeowners can take advantage of the federal Secondary Suites Program, offering up to $40,000 in low-interest loans. This initiative empowers homeowners to create an additional dwelling unit, boosting property value and addressing housing shortages.
At Amsted Design-Build, we’ve spent 35 years helping Ottawa residents reimagine their homes, and this grant presents an incredible opportunity to make meaningful changes. If you’re looking to create additional income, design a space for multi-generational living, or maximize your home’s potential, adding an additional dwelling unit could be the ideal solution.
What Are Additional Dwelling Units?
Additional Dwelling Units are self-contained living spaces located within or next to a primary residence. These units can fulfill various functions, including rental properties, multi-generational housing, or accommodations for in-home care.
ADUs come in several forms, including:
- In-law suites: Integrated living spaces without separate kitchens, perfect for semi-independent arrangements.
- Coach houses: Detached units often located in backyards or adjacent to laneways.
- Basement apartments or above-garage units: Self-contained suites with private entrances, kitchens, and bathrooms.
Recent zoning and by-law amendments in Ottawa, such as By-law 2023-435, now allow up to three dwelling units on properties connected to municipal services. This creates even greater flexibility for homeowners looking to expand.
Why Build an Additional Dwelling Unit?
Here are some reasons to consider building an ADU:
- Boost Your Property Value: Adding an ADU increases your home’s market value and creates a potential income stream through rental opportunities.
- Adapt to Changing Needs: Multi-generational living is on the rise, and ADUs offer flexibility for growing families or aging parents who need to live close by.
- Access Funding Through the Secondary Suites Program: The newly launched program provides affordable financing to make the process easier.
The Secondary Suites Program: How It Works
Starting in January 2025, homeowners can apply for a low-interest loan of up to $40,000 through the Secondary Suites Program. This funding can be used to cover construction costs, such as:
- Renovations to convert a basement or other area into an SDU
- Building a coach house or other detached unit on your property
- Updating your home to meet building code requirements for fire safety, soundproofing, and egress
Whether you’re preparing to welcome a tenant or family member, this loan is designed to help you enhance your home while increasing density in Canadian neighbourhoods.
Partner with Amsted Design-Build
As Ottawa’s 10-time Renovator of the Year, Amsted Design-Build stands as your premier partner in crafting stunning, functional, and code-compliant additional dwelling units. With 35 years of dedicated experience, our talented in-house design and project management teams excel in navigating the intricacies of zoning, building codes, and accessibility standards.
From the initial concept to the final execution, we guarantee a smooth renovation journey that brings your vision to life. If you are transforming a basement, building a coach house, or reimagining a garage, Amsted is here to turn your ideas into a reality you will love. Contact us today.