Unlock HUGE Savings on Secondary Suites

Secondary Suite Promotion in Calgary
At Cedarglen Homes, we understand that homeownership is a significant milestone and investment in one’s life. It represents not just a place to live, but a foundation for your future, a space to create memories, and a valuable asset. To support our homebuyers in achieving their homeownership dreams, we are excited to offer an exclusive promotion you will not want to miss out on.
Laned Home + 2 Bedroom Secondary Suite Starting at $680,000
For a limited time only, you can buy the ‘Heritage‘ 1,600 square foot laned home model, with a 1- or 2-bedroom secondary suite for as low as $680,000 (including house, lot & GST). This unbeatable price equates to $30,000 in immediate price savings.
QUALIFYING DETAILS: This offer is valid on the ‘Heritage’ laned home model in CreekView, Livingston and Logan Landing until February 28, 2025. All homebuyers purchasing the ‘Heritage’ laned home model will be required to make their interior selections at ‘Studio 81 Express’ with the guidance of one of our Design Consultants. Starting at price will vary depending on community and lot. This cannot be combined with any other offers.
Front Drive Garage Home + 2 Bedroom Secondary Suite Starting at $810,000
If you are looking for a larger home for your family, you can also buy a ~2,200 sq. ft., front drive garage home with a 1- or 2-bedroom secondary suite for as low as $810,000 (including house, lot & GST) – unlocking $50,000 in immediate savings.
QUALIFYING DETAILS: This offer is valid on our front-drive garage homes (excluding our feature models the Claresholm, the Longview and the Strathmore) in Belmont, Glacier Ridge, Livingston, Logan Landing, Rockland Park and Seton until February 28, 2025. To secure this offer, all homebuyers must purchase one of our expertly curated Interior Selection Packages (click here to learn more). These packages are valued at $10,000 and homebuyers will receive 50% off this price. Starting at prices for these homes will vary depending on community and lot. This cannot be combined with any other offers.
With these unbeatable prices, homeownership has just gotten that much easier to afford. Buying a new home with a secondary suite not only makes it more affordable but also allows you to qualify for a higher mortgage. By renting out the suite, you can offset your monthly mortgage payments with additional rental income. Check out the example below to see how a secondary suite can impact your mortgage payments.
These prices are calculated with the following assumptions:
- 10% down payment
- 5-year fixed term mortgage at a 4.890% interest rate with a 30-year amortization period
- Payments calculated using https://www.ratehub.ca/mortgage-payment-calculator
- This monthly payment assumes that the homeowner is renting their secondary suite out for $1500/month which is the current average price of a secondary suite in Calgary based on listings from rentfaster.ca as of January 16, 2025.
As seen above, secondary suites can enhance the affordability of homeownership by reducing the overall cost burden. This opens up a wider range of housing options and increases the likelihood of securing a mortgage that meets your needs and preferences.
What is a Secondary Suite?
According to the City of Calgary’s website, a secondary suite is a ‘self-contained residence with two or more rooms and includes a kitchen, living, sleeping and sanitary facilities’. In Calgary, this is most often seen as a ‘basement suite’ where the homeowners live on the top floors and the basement is then rented out to another tenant.
Benefits of Adding a Secondary Suite
When building a new home, considering the addition of a secondary suite can be a smart and strategic decision. Secondary suites, also known as in-law suites or basement suites, offer a range of benefits that can provide financial advantages, enhance your living experience, and contribute positively to the community. Here are some key benefits of adding a secondary suite to your new home:
- Mortgage Qualification
- One of the key benefits to owning a home with a secondary suite is that it increases the income potential of your property. By renting out the secondary suite, homeowners can generate rental income, which can be used to supplement mortgage payments or cover other expenses associated with homeownership. This extra income can make a significant difference in your ability to qualify for a higher mortgage, as lenders take rental income into account when assessing your borrowing capacity.
- Flexibility and Convenience
- A secondary suite offers plenty of flexible living options that can open up a world of possibilities. Some common use case scenarios we have seen homebuyers build a suite for includes (but is not limited to):
- Rent the space out to earn rental income
- Private space for multigenerational family members (aging parents, adult children etc.)
- Private space for out-of-town guests
- Home office/studio space
- Ability to downsize within one’s own home and rent out upstairs
- Individuals who are away travelling often have peace of mind that there is a tenant in the basement to look after the home while away.
- Use the space as a short-term rental (i.e. AirBnB space).
- Benefits to Renters
- Secondary suites significantly expand the availability of rental housing, offering more choices for renters, especially in areas with high housing demand and limited rental options. These suites often come with access to amenities such as a yard, parking, and storage, which are not typically available in traditional apartment buildings. Additionally, secondary suites are usually located in established neighborhoods, providing renters with the benefits of mature communities, including access to schools, parks, and other local amenities. This combination of increased housing options, enhanced amenities, and prime locations makes secondary suites an attractive and practical choice for many renters.
We are committed to making homeownership more accessible and beneficial for our homebuyers. This promotion is designed to help you maximize the potential of your new home while enjoying significant savings. Our experienced Sales Team is here to guide you through the homebuilding journey, ensuring that your secondary suite meets all your requirements and enhances your living experience.
Take advantage of this limited time offer and make your dream home even more valuable and versatile. Contact us today to learn more about this promotion and how we can help you build the perfect home with a secondary suite.
Current Showhomes with Secondary Suites
- 173 Mitchell Road NW in Glacier Ridge (virtual tour)
- 118 Rowley Way NW in Rockland Park (virtual tour)
- 191 Lucas Common NW in Livingston (virtual tour)
- 8 CreekView Common SW in CreekView (virtual tour)
- 79 Ricardo Ranch Avenue SE in Logan Landing (virtual tour)
- 83 Ricardo Ranch Avenue SE in Logan Landing (virtual tour)
- 158 Setonstone Green SE in Seton (virtual tour)