Basement Apartment vs Garden Suite: Smart ROI Comparison
Basement apartment vs garden suite comes down to capital and yield. A basement apartment costs $60,000 to $120,000 to build and grosses back its cost in four to six years.
Basement apartment vs garden suite comes down to capital and yield. A basement apartment costs $60,000 to $120,000 to build and grosses back its cost in four to six years.
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.
Garden suites Toronto are self-contained backyard homes built on residential lots, following city zoning laws to add extra living and rental space. These units aim to increase housing supply and offer new income opportunities,