Is building a basement suite a smart investment? Let's crunch the numbers using real Saskatoon rental data and construction costs to see how long it takes to pay off your investment.
Ready to invest? Explore our basement suite development services and see how we maximize your ROI with SSI Grant expertise.
Saskatoon Basement Suite Rental Rates (2026)
Current rental rates for legal basement suites in Saskatoon:
| Suite Type | Monthly Rent | Annual Income |
|---|---|---|
| 1 Bedroom (basic) | $850 - $950 | $10,200 - $11,400 |
| 1 Bedroom (upgraded) | $950 - $1,100 | $11,400 - $13,200 |
| 2 Bedroom (basic) | $1,000 - $1,150 | $12,000 - $13,800 |
| 2 Bedroom (upgraded) | $1,150 - $1,400 | $13,800 - $16,800 |
ROI Calculation: Real Example
Let's calculate the ROI for a typical 2-bedroom legal basement suite in Saskatoon:
Project Assumptions
- Suite size: 750 sq ft
- Bedrooms: 2
- Construction cost: $85,000
- SSI Grant (35%): -$29,750
- Net investment: $55,250
- Monthly rent: $1,200
Payback Period
$55,250 ÷ $11,160 = 4.95 years
After approximately 5 years, your suite has paid for itself. Every dollar after that is profit.
10-Year Return
Assuming 2% annual rent increases:
- Total rent collected (10 years): ~$122,000
- Less expenses: ~$35,000
- Net income (10 years): ~$87,000
- Original investment: $55,250
- Net profit after 10 years: ~$31,750
That's a 57% return on your investment over 10 years, plus you still own the suite.
Calculate Your Personal ROI
Use our free Rental Income Calculator to see projected returns based on your specific situation.
Calculate My ROIIs a Basement Suite Right for You?
A basement suite makes financial sense if:
- ✓ You plan to stay in your home for at least 5 years
- ✓ Your basement is suitable (adequate ceiling height, dry)
- ✓ You're comfortable being a landlord or hiring property management
- ✓ You want to build equity while generating income
- ✓ You want to take advantage of the SSI Grant before deadlines
Let's Run the Numbers Together
Get a free consultation where we'll calculate your expected costs, rental income, and ROI based on your specific property.
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