Here’s how much you can make renting your basement in and around Toronto

Renting basement apartments in Toronto can yield significant income, with average monthly rents reaching up to $2,600 in some neighborhoods. Old Toronto tops the list, followed by East York ($2,450), York ($2,350), Etobicoke ($2,300), and Oakville ($2,200). While Oshawa offers lower rents ($1,875), it also has the lowest home prices, making it a better investment option. The study highlights the importance of considering both rental income and property prices for potential landlords in the Greater Toronto Area.