Carriage House Kelowna

Carriage House Services

What is a Carriage House?

A carriage house provides a compact yet fully functional living space on your property, perfect for accommodating guests, housing family members, or serving as a rental opportunity. Despite their smaller size compared to the primary home, these dwellings are designed to maximize efficiency and utility.
 

Why build Carriage House?

Investing in carriage homes can significantly enhance your real estate portfolio. When your property is zoned for a carriage home, it offers the most cost-effective land purchase for building a new residence. With rental income, these properties are often fully financed within 12 years, in addition to the added equity from the new structure. The construction cost per square foot is typically lower than the market selling price per square foot. For those seeking to accumulate wealth through rental income, carriage homes are an excellent choice.
 

We’re Kelowna’s go-to builders for carriage homes!

Our expertise lies in the creation of carriage houses, with a thorough understanding of permits and zoning laws. We navigate the complex legal landscape to ensure your project meets all necessary regulations. Committed to crafting your ideal dwelling, we promise your carriage house will be built with precision and in full compliance with all standards.

Our expertise lies in the creation of carriage houses, with a thorough understanding of permits and zoning laws. We navigate the complex legal landscape to ensure your project meets all necessary regulations. Committed to crafting your ideal dwelling, we promise your carriage house will be built with precision and in full compliance with all standards.

We’re Kelowna’s go-to builders for carriage homes!

It’s the cheapest land available to you for building wealth. If you’re planning to build a carriage house, your going to be spending between $300k-$400k. You can’t invest that amount of money into another type of real estate and make a bigger return than by building a carriage house in your own back yard.

Construction phase pays for itself
Spend $400k and build up to 1100sqft =$363/sqft
Real estate zoned for carriage selling between $400-$460/sqft
Gross profit 1100sqft x $62 =$68200

Rental income
2bedroom $2300 average/month = $27600 = 6.9% return per year on $400,000 investment

Timeline – It takes 2-3months to complete all preliminary work for a carriage house. This is where we offer a concept agreement in conjunction with our preliminary agreement to get your project permit ready.
Permit application process 4-8weeks depending on municipality work load and time of year. Construction timeline start to finish is typically 8-10months depending on material
availability, trade availability, and progress draw payments during construction.

The benefits to a carriage house makes sense financially if your end goal is to build wealth in real estate and to use the rental income to pay for itself.

The simple answer is yes. Compare 2 options if you have $300,000.

Option 1 buy a bank stock and make 5%/yr Approx $1250/month

Option 2 build a carriage house and make rental income of $2200/month.

It’s the cheapest land available to you for building wealth. If you’re planning to build a carriage house, your going to be spending between $300k-$400k. You can’t invest that amount of money into another type of real estate and make a bigger return than by building a carriage house in your own back yard.

Construction phase pays for itself
Spend $400k and build up to 1100sqft =$363/sqft
Real estate zoned for carriage selling between $400-$460/sqft

Rental income
2bedroom $2300 average/month = $27600 = 6.9% return per year on $400,000 investment

The simple answer is yes. The waterline will need to be upgraded to 25mm, the sewer line would most likely be exposed during the process so why wouldn’t you want it replaced if it hasn’t been updated in the past 20 years, the power to the lot will need to be 200amps for a main house and carriage house. The power would require a new duplex meter base. Gas is optional to a carriage house and usually doesn’t make sense.

A realistic budget is important but what DeGroot custom homes offers is a concept
agreement, so you know exactly where you stand before the permit process starts. There is a lot to consider such as utility upgrades, development cost charges, soft costs such as insurance, interest, and the actual cost to build.

Our expertise lies in the creation of carriage houses, with a thorough understanding of permits and zoning laws. We navigate the complex legal landscape to ensure your project meets all necessary regulations. Committed to crafting your ideal dwelling, we promise your carriage house will be built with precision and in full compliance with all standards.

Our expertise lies in the creation of carriage houses, with a thorough understanding of permits and zoning laws. We navigate the complex legal landscape to ensure your project meets all necessary regulations. Committed to crafting your ideal dwelling, we promise your carriage house will be built with precision and in full compliance with all standards.

Time is very important to consider when building. A realistic timeline once construction begins is 6-8 months. To obtain a permit including design can take up to 2 additional months.

First you must decide if your building the carriage house for rental purposes or for yourself to move into and live on the same property. If you want a comfortable rental 820sqft is an optimal size to get 2 bedrooms, 1 storage/mechanical rooms,1 bathroom, and a living area with kitchen and living room. If you want the house for yourself then going for the max square footage would make more sense so you can have an ensuite and attached garage.

Every carriage house application must show how the property conforms to the future parking requirements. If you can park on your front street that is great but typically not part of the future city plans. The city will require a specific number of parking spaces included on the
site plan that are available from the alley.

7 important items to consider
for your carriage house!

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Maximizing Wealth with a Carriage House on Your Property

The Financial Advantages

One of the main considerations for investing in real estate is the financial reward and how the final product will build wealth for the parties involved. One investment that stands out is building a carriage house as a cost-effective strategy for wealth creation. Unlike other real estate options where initial investments can be high, a carriage house offers an affordable entry point, with construction costs ranging between $300k-$400k for a 2 bedroom 1-2 bathroom carriage house with a desirable layout, a private outdoor patio area and an attached garage.


The return on Investment can be broken down: Constructing a carriage house can yield significant returns. For instance here is an example, building a 1000sqft unit at an average of $363/sqft can lead to a gross profit of $68,200. Rental income from a 2-bedroom unit at $2300/month amounts to $27,600 annually, providing a 6.9% yearly return on a $400,000 investment.

Construction and Timelines

Efficient Timeline: The construction process for a carriage house is streamlined, typically taking 2-3 months for preliminary work and 8-10 months for completion. With a well-structured concept agreement and a smooth permit application process (4-8 weeks), the project can progress swiftly, subject to material availability and construction phases.

Practical Financial Insights

By leveraging a carriage house for rental income and capitalizing on the property’s zoning regulations, you can gradually build wealth in real estate. The financial sustainability offered by rental returns can effectively offset construction costs, making a carriage house a lucrative investment choice.

Dive into the realm of property wealth accumulation through a carriage house—a smart financial move with long-term benefits.

Remember, the key to maximizing the benefits of a carriage house lies in strategic planning, diligent execution, and a clear vision for long-term financial growth.

Our Latest Projects

Check out our latest projects to see how we’re transforming spaces with stylish, energy-efficient carriage houses! Visit us to explore the quality and craftsmanship we bring to each build.

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Elegant Bathrooms
Luxury Kitchens
New Builds