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What Is The ROI of Home Additions in Toronto?

The ROI (Return on Investment) for home additions in Toronto depends heavily on the type of project, local housing demand, and execution quality. Based on current cost ranges, second story additions remain the largest investment, averaging $250,000 to $500,000+, while smaller projects like decks and patios start as low as $15,000. Kitchen extensions, bathroom additions, and attic conversions fall in the mid-range, from $50,000 to $150,000, with ROIs often between 60% and 100%. Garages, sunrooms, and single-room additions typically recoup 60%-75% of costs, depending on finish level and location.

September 10, 2025

What Is The ROI of a Second-Story Addition in Toronto? (2025)

The ROI of a second-story addition in Toronto typically lands in the 65%–75% range in 2025, meaning a $400,000 full second floor can add roughly $260,000 to $300,000 to resale value depending on finishes, neighbourhood, and market timing

September 5, 2025

What Is The ROI of Building a Garden Suite in Toronto? (2025)

The ROI for a garden suite in Toronto typically ranges from about 7.0% to 8.3% based on average build costs and conservative market rents in 2025. Using gross annual rent divided by total construction cost as the benchmark, a Budget build at roughly $175,000 generating about $14,400 per year returns approximately 8.23%. A Mid-Range build at about $275,000 with $20,400 per year rents yields roughly 7.42%. A Luxury build at about $425,000 with $30,000 per year rents comes in near 7.06%.

September 4, 2025

What is The ROI of Building a Laneway Home in Toronto? (2025)

The ROI for a laneway home in Toronto typically ranges from about 7.0% to 8.3% in 2025 when measured as gross annual rent divided by total construction cost. Using conservative rent and cost assumptions, a Budget build around $175,000 that earns about $14,400 per year returns roughly 8.23%.

September 3, 2025

What Is The ROI of A Kitchen Remodel In Toronto?

A kitchen remodel in Toronto can deliver a return on investment (ROI) of 75% to 100% depending on the scope of the project, quality of materials, and timing in relation to market conditions.

August 13, 2025

How To Convert A Basement To An Apartment in Toronto

Converting a basement into a legal apartment in Toronto requires meeting strict zoning, permit, and safety regulations, including compliance with the Ontario Building Code.

August 10, 2025

How Much Does It Cost To Build an ADU in Toronto?

The cost to build an ADU (Accessory Dwelling Unit) in Toronto typically ranges from $250,000 to $350,000+ for larger or luxury units.

August 10, 2025

Do You Need A Permit For Garage Additions In Toronto?

In Toronto, you need a building permit for a garage addition whether the structure is attached or detached.

August 8, 2025

Do You Need A Permit For A Second Story Addition In Toronto?

In Toronto, you need a building permit for a second story addition. This type of project is considered a major structural alteration and is explicitly listed under the Ontario Building Code and City of Toronto regulations as work that requires permitting.

August 8, 2025

Do You Need A Permit To Build An ADU In Toronto?

In Toronto, you need a building permit to construct an accessory dwelling unit (ADU), whether it is a detached garden suite, a secondary suite within your primary residence, or a laneway house.

August 8, 2025

Do You Need a Permit for a Basement Renovation in Toronto?

In Toronto, you generally need a building permit for most basement renovations - especially if your project involves structural changes, plumbing, electrical work, creating a separate entrance, or adding a rental unit. Cosmetic updates like painting, installing flooring, or replacing cabinets typically do not require a permit, as long as you are not altering the structure, plumbing, or electrical systems.

August 8, 2025

Do You Need Permits For A Kitchen Renovation In Toronto?

In Toronto, you generally need a building permit for a kitchen renovation if it involves structural changes, electrical work, or plumbing modifications.

August 2, 2025