Secondary Suites Allowed

Sol Terra Ranch makes home ownership even more attainable by pre-zoning lots to allow secondary suites. Plus, the nearby University of B.C.-Okanagan campus guarantees a steady supply of potential tenants, as students seek housing in the area.

There is also high demand for rentals throughout Kelowna, so homes with suites can count on rentals that will help pay for the mortgage.

The applicable development cost charge levied by the City of Kelowna on secondary suites has already been paid by the developer. Since the lots are zoned for secondary suites, all suites will be legal rentals.

For more details about Kelowna's secondary suite development policy, please click here.

When you buy in Sol Terra Ranch, the suites are one of four factors designed to help make your new home purchase more financially viable.

• You can purchase an affordable, fully-serviced lot for $150,000 - $200,000;
• You save approximately 30 per cent on home construction costs with the purchase of a new modular unit
• You access special financing arranged through the Interior Credit Union
• You gain a mortgage helper with a home pre-zoned to allow a secondary suite.

The extra income from the secondary suites will make it possible for more people to acquire their first new home in Sol Terra Ranch. The secondary suites will also add diversity to the community and supplement the supply of rentals in the Kelowna area.

To apply to purchase your new Sol Terra Ranch lot, complete with a mortgage helper secondary suite, click here.

Please note: Sol Terra Ranch is only selling the lots. To arrange purchase of your modular home, click here to learn more about the companies providing modular homes for Sol Terra Ranch.