House hacking analysis

[Zach Theberge]

Hello Everyone,

I am planning on purchasing my first deal in the next year and I would like to get some advice. I live in Ottawa, Ontario and I am looking at doing a house hack.

I want to buy a bungalow and convert the basement into a Secondary Dwelling Unit. Ideally, I want to find a property that has already had the basement converted, but I am not opposed to finding a property and going through the process to have it done myself.

I am looking for some insight from anyone who has done this, such as costs to convert basement into a 2 bedroom, 1 bath apartment. Also any information that will aid me in getting started. Thanks in advance.