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Owner Rents Main Floor - Lives in Lower Unit

Home Purchase

Total Purchase Price

Down Payment

After Down Payment

$750,000

20%

$600,000

Total Purchase Price
$750,000
Down Payment
20%

After Down Payment

$600,000

Rental Income (per month)

Rental Rate

Utilities Charged

Total Rental Income

$2,900

$169

$3,069

Rental Rate
$2,900
Utilities Charged
$169
Total Rental Income
$3,069

Mortgage Payment (per month)

Mortgage Payment* (5.5% Interest)

Rental Income

Total Mortgage

$3,407

-$3,069

$338

Mortgage Payment* (5.5% Interest)
$3,407
Rental Income
-$3,069
Total Mortgage
$338

Household Income Required

$56,957

Owner Occupies Main Floor - Lower Unit Rented

Home Purchase

Total Purchase Price

Down Payment

After Down Payment

$750,000

20%

$600,000

Total Purchase Price
$750,000
Down Payment
20%
After Down Payment
$600,000

Rental Income (per month)

Rental Rate

Utilities Charged

Total Rental Income

$1,500

$56

$1,556

Rental Rate
$1,500
Utilities Charged
$56
Total Rental Income
$1,556

Mortgage Payment (per month)

Mortgage Payment* (5.5% Interest)

Rental Income

Total Mortgage

$3,407

-$1,556

$1,851

Mortgage Payment*(5.5% Interest)
$3,407
Rental Income
-$1,556
Total Mortgage
$1,851

Household Income Required

$117,457

Owner Occupies Entire Home

Home Purchase

Total Purchase Price

Down Payment

After Down Payment

$750,000

20%

$600,000

Total Purchase Price
$750,000
Down Payment
20%
After Down Payment
$600,000

Rental Income (per month)

Rental Rate

Utilities Charged

Total Rental Income

$0

$0

$0

Rental Rate
$0
Utilities Charged
$0
Total Rental Income
$0

Mortgage Payment (per month)

Mortgage Payment* (5.5% Interest)

Rental Income

Total Mortgage

$3,407

-0

$3,407

Mortgage Payment* (5.5% Interest)
$3,407
Rental Income
-$0
Total Mortgage
$3,407

Household Income Required

$179,709

Owner Occupies Entire Home

Home Purchase

Total Purchase Price

Down Payment

After Down Payment

$750,000

20%

$600,000

Rental Income (per month)

Rental Rate

Utilities Charged

Total Rental Income

$0

$0

$0

Mortgage Payment (per month)

Mortgage Payment* (5.5% Interest)

Rental Income

Total Mortgage

$3,407

-0

$3,407

Household Income Required

$179,709

Owner Occupies Main Floor - Lower Unit Rented

Home Purchase

Total Purchase Price

Down Payment

After Down Payment

$750,000

20%

$600,000

Rental Income (per month)

Rental Rate

Utilities Charged

Total Rental Income

$1,500

$56

$1,556

Mortgage Payment (per month)

Mortgage Payment* (5.5% Interest)

Rental Income

Total Mortgage

$3,407

-$1,556

$1,851

Household Income Required

$117,457

Owner Rents Main Floor - Lives in Lower Unit

Home Purchase

Total Purchase Price

Down Payment

After Down Payment

$750,000

20%

$600,000

Rental Income (per month)

Rental Rate

Utilities Charged

Total Rental Income

$2,900

$169

$3,069

Mortgage Payment (per month)

Mortgage Payment* (5.5% Interest)

Rental Income

Total Mortgage

$3,407

-$3,069

$338

Household Income Required

$56,957

*Mortgage rates are subject to change.
** This chart is for illustrative purposes only. These numbers and scenarios are based on 30% of annual income for housing (guidelines).
*** Rental rates are based on market rents within the area and may vary.

What is Flex Haus™?

An Unique Buying Experience

Self Funding

The Ironstone Self Funding House provides a complete system aimed at making home ownership possible by connecting prospective homebuyers with the knowledge and tools to buy a house and run it as a business.

Treat your house as a business by becoming a landlord!

Flex Haus™ is Two Homes Under One Roof

Flex Haus  is part of a multi-Gen home that provides a private suite designed for your changing lifestyle. Whether you need the space to accommodate aging parents, young adult children, work or income suite, Flex Haus offers convenience and flexibility for you.

Making Home Ownership Possible Together

Guaranteed approval of the mortgage for 36 months* from the time of application.

  • RBC offers firm approval.
  • HomeProtector®’ 
  • You may get approved for a capped interest rate for 36 months. 
  • There are no application or appraisal fees.**
  • Access professional advice from one of the world’s largest and most reputable financial institutions, available where and when you want. 

* Applies to selected properties only and subject to meeting credit criteria of RBC Royal Bonk. Mortgages may only be default insured if the closing dote is within 36 months of approval.

**Not available for construction draw mortgages.

*** The lesser of the appraised value or the purchase price.

Our partnership with RBC is

Making Home Ownership Possible Together

Guaranteed approval of the mortgage for 36 months* from the time of application.

  • RBC offers firm, final mortgage approvals for the purchase of your new construction home. Once approved, you stay approved.
  • HomeProtector®’ critical illness and life insurance may be available while your home is under construction, with no premiums payable until your mortgage is advanced.
  • You may get approved for a capped interest rate for 36 months. You may be eligible to receive a reduced interest rate if rates are lower prior to your closing date.
  • There are no application or appraisal fees.**
  • Access professional advice from one of the world’s largest and most reputable financial institutions, available where and when you want.
     

* Applies to selected properties only and subject to meeting credit criteria of RBC Royal Bonk. Mortgages may only be default insured if the closing dote is within 36 months of approval.

**Not available for construction draw mortgages.

*** The lesser of the appraised value or the purchase price.

Your Dedicated

Flex Haus™ Mortgage Specialist

Joe Daabous

Senior Mortgage Specialist | RBC Royal Bank

The Flex Haus™ Advantage

To aid homeowners on their journey, we are offering 3 valuable resources.

3 Simple Steps

Toward realizing your homeownership goals

Joe Daabous

Senior Mortgage Specialist | RBC Royal Bank

Your Flex Haus™ mortgage specialist ready to work with you and your goals

Erica Killeen

Ironstone Sales Rep

Josh Brown

Ironstone Sales Rep

Your Flex Haus™ sales team is ready to walk you through the home buying journey of owning a Flex Haus™ 

Read The Self-Funding House™ Book

And learn how to view your property as a business, enabling you to generate income and offset the costs associated with homeownership.

3 Models To Choose From

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For Sale – Ready-To-Go

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$773,100

Flew Haus - Lot 124

$787,300

$819,900

Get In Touch Today!

Fill out the form below to get access to the Flex Haus Floor Plans and one of our agents will be in touch with you to answer any questions that you might have.
Flex Haus(#28)