Garden Suites as Smart Rental Investments
Adding a garden suite to your property isn’t just a lifestyle upgrade—it’s a strategic financial decision. In the Greater Toronto Area, these secondary dwellings can generate $2,000–$3,000 in monthly rental income, often outperforming condo investments in both return and flexibility.
Whether you're looking to supplement your mortgage, boost property value, or create a new revenue stream, a garden suite delivers.
Long-Term Rental Option
Looking for stable, predictable income? A well-designed garden suite is a compelling alternative to a condo or basement unit. Real estate agents can help you secure high-quality, long-term tenants seeking independent, modern living spaces in quiet residential neighbourhoods.
Short-Term Rental Potential
Designed with privacy and comfort in mind, garden suites make ideal short-term rentals—earning up to $150–$250 per night before expenses. They offer guests a private, home-like alternative to hotels, with far lower overhead than managing a separate property.
Garden Suite
| Size | 450 sq ft | 644 sq ft |
|---|---|---|
| Taxes & Fees | $230 | $350 |
| Rent Income | $1700 | $2300 |
| Investment | $235,000 | $285,000 |
| NOI | $1470 | $1950 |
| NOI with Financing | + $425 | + $682 |
| Cap Rate | 7.5 | 8.1 |
Condo Unit
| Size | 450 sq ft | 644 sq ft |
|---|---|---|
| Taxes & Fees | $230 | $350 |
| Rent Income | $1700 | $2300 |
| Investment | $235,000 | $285,000 |
| NOI | $1470 | $1950 |
| NOI with Financing | + $425 | + $682 |
| Cap Rate | 7.5 | 8.1 |
QUOTE
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