Basement Apartment vs Garden Suite Toronto 2026: Which Earns More?
A basement apartment in Toronto costs $50,000–$80,000 to build and earns $1,400–$2,400/month. A garden suite runs $200,000–$400,000 but generates $2,500–$3,500/month or more.
A basement apartment in Toronto costs $50,000–$80,000 to build and earns $1,400–$2,400/month. A garden suite runs $200,000–$400,000 but generates $2,500–$3,500/month or more.
The City of Toronto Garden Suite Rebate and Loan Program gives eligible homeowners financial tools to build backyard garden suites. In 2026, the active program is the Development Charges Deferral, and garden suites are fully exempt from development charges