Pay Nothing
Build Now, Earn Later
Pay Nothing
Yes, pay nothing. we make this possible through unique partnerships exchanging bulk work for flexible payment terms.
Rental Guarantee
We lease you basement from you and manage subleasing it for you. and you right to approve the tenant
Top Notch
Our basements aren’t just functional, they’re beautiful. prime offers Satisfaction Guarantee Program, ensuring every project aligns with Tarion Quality standards.
No Catch
Once paid off you get a professionally finished, legally compliant basement. and added serious value to your home.
Hassle Free
We handle everything from design and construction to leasing and property management. No stress, no surprises just a basement that pays itself then you.
No Lock in period
You have the flexibility to pay off your balance at any time, with no penalties, fees, and no unnecessary complications. It’s simple, straightforward, and entirely on your terms.
HOW DOES THE
PROCESS GO
01 PLANNING AND ANALYSIS
Prime team will create a proposal for your basement potential. This will include the basement's layout, eligibility Prime funding, and possible income potential.
03 BASEMENT GETS RENTED
While we were working on getting your basement build we also workedon getting it rented... Prime will work with you to select a verified tenant
02 WE GET THE PARTY STARTED
Prime team get to work getting approved drawings with materals selection, obtain city permits, get materials on site and workers working to create a well crafted basement.
04 NOW FOR THE BEST PART
at this point you your basement was rented for the term you selected and your tenant payed for the cost of construction. enjoy additional rental income and higher property value!
Questions
Answered
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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Item description
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Item description
Does you propery qualify?
Approval is subject to primes team review and approval.
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Depending on the work thats required to make your property rental ready.
What may affect getting approved:
Age of house over 100 years.
If underpinning is required.
If extensive plumbing/ electrical upgrades are required.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more.
Contact Us
Phone: (416) 559-0100
Location: 1377 The Queensway Etobicoke, ON M8Z 1T1
Your Questions Answered
What if i want to sell the house?
you can pay off the remaining balance at anytime. alternitavly the agreement can be transferredtot he new owner. .
What is an average basement renovation cost?
For basement renovation costs, we factor in the basement area in square footage, wall counts, etc. The average cost of a basement finishing in Toronto typically costs about $35 to $55 per square foot. We believe in complete transparency. We will guide you through your options, offering expert advice tailored to your budget and preferences, without any pressure. You will always understand what you are paying for and never have to worry about hidden charges. Contact us today for a comprehensive estimate.
How long does it take to renovate my basement?
A professional basement contractor should be able to renovate a basement within 4-6 weeks. Although this is a rough estimate, there are many variables that can affect this time.
Do I need a permit to renovate my basement?
Most Ontario guidelines specify when a basement renovation permit is needed and when it is not.
According to the City of Toronto, for example, a renovation permit is required only if the work involves:
Structural or material alterations. Insulating or modifying heat or plumbing systems. Excavating and/or constructing foundations. Basement underpinning. Building a basement entrance. Adding a second suite.
Can I provide basement finishing materials?
If you would like to take any part on yourself your welcome to do so. it's your basmnet do as you please. If you would like to provide the flooring for example go ahaid and we will make the plan around that!
You may provide your own basement finishing materials as long as they meet the finishing requirements.
We will help you assess available materials in order to choose the most suitable options.
Is there a catch?
Nope! We renovate and lease your basement for three years to recover our costs. After that, it’s all yours.
Who manages the rental during the 3-year lease?
We do! Our team takes care of tenants, rent collection, and maintenance, so you don’t have to worry about anything.
What happens after the lease is up?
You take full ownership of a fully finished, legally compliant basement. Keep renting it for extra income or use it however you like.
What if I want my basement back sooner?
We’re flexible—let’s chat about buyout options if you need to make a change. Pay off your balance at any time.
How long will it take to pay off the basement?
This is dependent on the following: 1 size of your basment, selected materials, if you put money down and rental market in your area. Heres a n example.
We determine 2 bedroom apartment market price : $2000
Basment cost $60,000. (optional 12,000 down)
60,000 - 12000 = 48000/ 2000 = 24 months ( 2 years )
Prime would take the first 2 years of rent. Alternative split 80/20 profit share.