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Should you furnish your rental in Toronto?

Tolobi Rental Team
Publication date:
October 28, 2022
Article Summary: 

The article discusses the pros and cons of furnishing a rental property in Toronto. Furnished rentals can demand higher rates than unfurnished ones and provide a hassle-free experience for newcomers, but operational costs, time, and effort can quickly overrun. The location is crucial for furnished rentals, with downtown areas like the Entertainment District offering plenty of nightlife, shopping, dining, transit, parklands, and tourist attractions. Furnished rentals could charge 15~30% more than their unfurnished comparables, but landlords need to factor in costs like furnishings, cleaning, utilities, transaction fees, permits, and taxes. Landlords should also consider non-financial factors like competition, target tenant population, and potential unruly guests. Overall, landlords need to approach furnished rentals with caution and carefully evaluate their potential returns on investment.


furnished rentals, Toronto, location, operational costs, higher rates, furnishings, cleaning, utilities, transaction fees, permits, taxes, competition, target tenant population.

Source Citation: 
Tolobi Rental Team
Should you furnish your rental in Toronto?
October 28, 2022
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