Have been renovating Scarborough bungalows for investment for several years. Sharing my renovation strategy since the approach differs significantly from an owner-occupied project.
My target: Post-war Scarborough bungalows (1955-1972), purchased at a discount due to dated condition or deferred maintenance. Renovate to rental standard, hold for income.
Renovation standard I use:
- LVP flooring throughout (7mm thick, quality brand — not the cheapest stuff, but not premium either)
- Kitchen: painted MDF shaker cabinets, quartz counters (not laminate — the visual upgrade is worth the $2,000 premium), stainless appliances
- Bathroom: new tub/shower surround (solid surface, not tile), new vanity, new toilet
- All-new paint throughout
- Electrical panel upgrade (100A to 200A) — essential for modern loads and required by most insurers now
- No custom work, no unusual colours, no expensive fixtures
What I don’t spend on:
- Custom millwork or built-ins
- High-end tile
- Premium appliances
- Hardwood flooring (LVP performs better in rental anyway)
Typical total budget: $70,000-$95,000 for a full interior renovation on a 1,000-1,200 sq ft bungalow
Rental premium achieved: Consistently $250-$400/month above an unrenovated comparable at current Scarborough market rates. Payback period from rental premium alone: 18-24 months.
Questions welcome — happy to discuss specific line items or the Scarborough rental market in more detail.