Pre Reno Rent: $2000.00
Post Reno Rent: $4295.00
Rental Value Increase: 114.8%
Project Cost: $217,560.00
Return On Investment: 12.7%
Renovation Project
Gainsborough Main Floor
The Project
When the tenants of this unit decided to move on, LandLord Renovations Inc. saw this as an opportunity to modernize the apartment and increase the potential rent value. With the owner's approval, designs were drawn up, permits were obtained, and work began.
- Demolished interior walls as required to reconfigure bedrooms and bathrooms
- Removed all existing flooring throughout
- Removed and disposed of existing kitchen and bathroom
- New framing, insulation, and drywall
- New electrical, including upgrading of service and sub-metering Main Unit and Basement
- Installed new flooring, baseboards, and shoe mold
- New lighting
- New kitchen, including cabinetry, quartz counter, sink and S/S appliances
- New laundry
- New windows
