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Basement suite rental income Edmonton
A legal basement suite in Edmonton could generate roughly $14,400 to $19,200 per year for many homeowners, based on current 2-bedroom basement rental ranges.
Call or Text 780.907.8144Unused basement space has become one of the most practical ways Edmonton homeowners add monthly income, support mortgage costs, and increase long-term property value.
Current rental data shows 2-bedroom Edmonton basement listings commonly landing around $1,350 per month, with a wider market range from about $850 to $2,070 depending on location, finish level, utilities, parking, private entry, laundry, and overall suite quality.
RentFaster lists Edmonton basement rentals across a broad price range, with 2-bedroom basement options typically around $1,350 per month. Zumper’s Edmonton rental research shows 1-bedroom apartments averaging about $1,250 and 2-bedroom apartments around $1,598, giving homeowners useful context when pricing a basement suite against the wider rental market.
You generate $14,400 per year before expenses.
You generate $16,200 per year before expenses.
You generate $19,200 per year before expenses.
You generate $21,600 per year before expenses.
A basement suite is not automatically legal because it has a bedroom, bathroom, and kitchen. The City of Edmonton requires permits for secondary suites, and the Alberta Building Code allows a maximum of one secondary suite per principal dwelling.
Legal requirements often include proper permits, fire separation, smoke and carbon monoxide alarms, egress windows, ventilation, safe electrical work, plumbing permits, and building inspections.
Yes. A suite renting for $1,500 per month creates $18,000 per year in gross rental income. Over five years, that equals $90,000 before expenses.
That income could help offset mortgage payments, taxes, utilities, repairs, maintenance, and renovation costs.
No. Some basements need major upgrades before they work as a legal suite. Ceiling height, window size, entry access, plumbing layout, electrical capacity, furnace setup, drainage, and floor plan all matter.
That is why a proper basement assessment should happen before design or construction starts.
Parabola Developments Ltd helps Edmonton homeowners plan and build basement renovations, basement developments, and legal suite projects with clear timelines, practical design, and permit-focused construction.
Book a basement suite consultation with Parabola Developments.
Call or Text 780.907.8144 Request a QuoteMany 2-bedroom basement suites in Edmonton fall around $1,200 to $1,600 per month, with higher-end suites earning more in strong neighbourhoods.
A suite renting for $1,350 per month generates $16,200 per year before expenses.
Yes. Secondary suites in Edmonton require proper permits before they are built and operated.
It often does, especially when the suite is properly permitted, well finished, and attractive to renters.
Parabola Developments Ltd builds basement developments, basement renovations, and legal suite projects in Edmonton and surrounding areas.
