Digging for rentals - Adding a basement appartment

[Alek Lupa]

With a hot market in most of southern Ontario finding additional value maybe challenging.  Has anyone sought after single family dwellings with a crawl spaces and the intention of digging out a livable space under the house? I found that the areas where i was looking zoned R1 you were allowed to make a basement apartment with separate entrance. 

A separate basement apartment would add 800-1000 in rent in my area. Of course there are many rules and bylaws to uphold and professionals to consult since this is by no means a small undertaking.

light reading stuff

http://www.expertinspector.com/BasementApartment.html

Alek