Leslieville Basement Apartment Rents For $1100 – Episode #129
How do you increase your basement apartment rent by $4800 per year or $400 per month? Watch this!
We are in Leslieville which is near Queen Street East and Broadview Ave. Behnam Rad has purchased this two unit house and has finished the renovations in the basement apartment.
This is the after renovations video. To watch the before video click here: Leslieville Basement Apartment Renovation – Episode #123
The original renovation budget was $25,000 and it ended up costing $40,000 including all appliances and fixtures.
The previous rent this basement apartment was getting was $700 including utilities. The actual rent after the renovation is $1100 plus utilities. That is a $400 / month increase! Or 12% Return on Investment (ROI)!
Watch this “after” video and learn about some great ideas. Feel free to contact Peter Glaw, the General Contractor, at 416-452-4248 or 905-286-0303 for an estimate/consultation. You can also visit his website: www.premier-renovations.com
If you have any questions about basement apartments and what you can do to increase your rents in them, please feel free to contact me 416-885-2010.