When my husband and I were shopping for a home, a basement apartment seemed like a no-brainer.

House prices in downtown Toronto were already sky-high, so we loved the idea of someone paying us $800 a month to live in a space we could do without. We knew we’d have to find tenants, fix leaky taps, spruce the place up, and comply with various bylaws, but these seemed like tasks we could easily deal with in order to buy in the neighbourhood we wanted and become mortgage-free sooner.

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