Pre Reno Rent: $1,568.45
Post Reno Rent: $2,550.00
Rental Value Increase: 62%
Project Cost: $82,405.00
Return On Investment: 11.69%
Renovation Project
Markham 3rd Floor
The Project
The renovation to this unit was initiated upon the tenant and LPRM agreeing to terminate the tenancy. Unit required significant upgrading to bring it up to the standards of the day to justify a higher rental amount.
- Kitchen was completely modernized with:
- new cabinetry
- new quartz counter tops
- new back splash
- new appliances
- New flooring throughout the unit
- Additional wall to wall closets added to both bedrooms
- Bathroom completely redone
- New pot lights throughout
- New Chandelier in the living room area
- Installed ductless heating/air conditioning
- New stacked laundry machines
- Kitchen was completely modernized with:
