Smart Renovations To Maximize Rental Income

Investment & Rental Property Renovation Services in GTA

Our Investment & Rental Property Renovation Services in the GTA help landlords and investors maximize rental income. From legal basement conversions to multi-unit upgrades, we deliver code-compliant, ROI-focused renovations with quick turnaround and long-term value.

Yelp Logo
Homestar Logo
Facebook Reviews
ahs-trusted-pros-reviews
Google Reviews
reno-quote logo
Houzz Logo
proudly_canadian logo
Best in Business Logo

Transform Your Space

Renovations That Turn Properties into Profitable Investments

We specialize in Investment & Rental Property Renovation Services that increase rental yields, property value, and tenant demand. Our team handles legal basement suites, multi-unit conversions, kitchen & bathroom upgrades, and energy-efficient retrofits, all tailored to meet Ontario Building Code and rental compliance standards. 

Unlike general contractors, we focus on ROI-driven strategies, delivering fast turnovers, cost-efficient solutions, and durable finishes that reduce vacancies and maximize long-term income.

Renovated rental property with open-plan kitchen and living area, featuring white cabinetry, stainless steel appliances, a kitchen island, and hardwood floors.

Our testimonials

Reviews from Our Happy Clients

RM Renovation30 Google reviewsWrite a review
Lilian Ghawi

Robert and his apprentice Lazar were absolutely amazing. They did a super job and painted my apartment in record time. Highly professional, he takes pride in his work and extremely respectful of both myself and my apartment. I would give them more than 5* if I could. They will be recommended to all my family and friends for sure. Thank you Robert and Lazar.

Kelsey Gold

Robert and his team were a pleasure to work with. He was professional, communicative, and thorough throughout my project. From the start, he carefully assessed what was needed, provided a clear and detailed quote, and sourced all necessary materials—including a perfect match for some flooring that needed replacement, which I greatly appreciated. While working in my home, Robert was meticulous and respectful. He kept the space tidy, used drop cloths to protect surfaces, and was as mindful of noise as possible while I was home. The finished result looks fantastic, and he even went above and beyond by helping me lift and move a few small items. I wouldn’t hesitate to work with Robert again and highly recommend him and his team for any renovation project.

Назар Слободян

Working alongside Robert and the entire team at RM Renovation was a pleasure. As rookies in major home renovations, they skillfully navigated us through the process. Opting for RM Renovation for our full basement overhaul was the right choice. Given our home's age of 50 years, surprises lurked behind the walls, yet each was met with professionalism and swift resolution. Throughout the 4-month renovation period, subcontractors and tradespeople seamlessly managed their tasks, showcasing their expertise and efficiency. Delighted with the final outcome, we eagerly anticipate working with RM Renovation on future projects and wholeheartedly recommend their services!

Peter Borik

Robert conducted himself with utmost professionalism and was approachable. I communicated my desires and specifications, including the timeframe, and was pleasantly surprised by the outcome. Thanks to RM Renovation, my dream home became a reality.

Vic

Robert did a large reno on my home; we had work done on all 3 floors, including a new kitchen, new bathroom, and new floors through most of the house. He worked well with us when we added to the project and made changes when we asked. He finished on time and on budget

Fredy N-I

Very professional and clean work Will definitely work with them again

Junior Jaramillo

They are quick, efficient and personable, we look forward to continuing our working relationship.

Marvyn de Paiva Sampaio

Friendly staff pleased with quality of work

Excellence in Renovation

Our Full-Service Rental & Investment Property Renovation Solutions

We provide comprehensive renovation services tailored for landlords and property investors across the GTA. Our complete range of services includes:

Quick Turnover Rental Renovations

Vacancies reduce profitability. Our team completes fast, cost-effective renovations, including painting, flooring, and fixture upgrades, to make units tenant-ready in days. By streamlining the process, we help landlords maintain cash flow and avoid extended downtime.

Kitchen & Bathroom Upgrades

Kitchens and bathrooms drive tenant demand. We upgrade these spaces with durable finishes, quartz countertops, water-saving fixtures, and efficient layouts. These improvements not only lower maintenance requests but also increase rental rates and long-term property value.

Legal Basement & Secondary Suite Conversions

Unlock new income streams with legal basement apartments and secondary suites. We handle design, permits, fire separation, egress windows, and MEP upgrades to ensure full Ontario Building Code compliance while maximizing rental income potential.

Multi-Unit & Apartment Building Renovations

Whether upgrading common areas or renovating full units, we specialize in apartment building renovations that improve tenant satisfaction and retention. Our services include soundproofing, energy-efficient systems, and fire-rated construction, ensuring both safety and profitability.

Energy-Efficient Upgrades for Lower Costs

Reduce operating expenses with triple-pane windows, spray foam insulation, smart HVAC systems, and LED retrofits. Our energy-efficient renovations lower utility costs, meet provincial efficiency standards, and attract tenants looking for modern, sustainable living.

Transform Your Bathroom Into a Luxurious Retreat!

Where Quality Lives

When You Need Investment Property Renovation Services

Rental properties in the GTA demand timely upgrades and code-compliant renovations to stay profitable, reduce vacancies, and meet tenant expectations. Here’s when you should call us for a renovation:

Modern open-concept rental unit featuring a white kitchen with stainless steel appliances, center island, dining nook, and a visible glass shower in a combined living space.
Preparing Property for New Tenants

Between tenancies, units often require painting, flooring replacement, fixture upgrades, and safety checks. We complete fast, professional turnover renovations that minimize vacancy periods and ensure properties are ready for move-in without delays.

Increasing Rental Value & ROI

Strategic upgrades like kitchen remodels, bathroom improvements, and custom storage solutions increase tenant appeal and support higher rental rates. Our ROI-driven renovations focus on long-term durability and market competitiveness in the GTA rental sector.

Converting Basements into Legal Units

We transform underutilized basements into legal income-generating suites. From fire-rated separations and egress compliance to plumbing and electrical upgrades, our team ensures Ontario Building Code compliance while creating sustainable rental opportunities.

Modernizing Outdated Rental Spaces

Old finishes, poor layouts, and failing systems drive away tenants. We provide complete modernizations, including MEP upgrades, energy-efficient fixtures, and space optimization, to align your property with current rental market expectations.

Reducing Maintenance Costs & Vacancies

Frequent repairs reduce profitability. Our renovations use durable materials, efficient systems, and preventative upgrades to minimize future maintenance. The result: fewer vacancies, happier tenants, and stronger long-term cash flow for property owners.

Designing Timeless Spaces

Why Investment Property Renovations Deliver Long-Term Value

Well-planned rental property renovations in the GTA boost income, reduce risks, and increase long-term asset performance while ensuring code compliance. Here are all the reasons property renovations is a smart investment for you:

Higher Rental Income & Appraisal Value

Upgrades like kitchen remodels, bathroom renovations , and legal suite conversions increase both monthly rent and long-term property appraisals. Our ROI-driven approach ensures every dollar spent directly improves asset value and marketability.

Faster Tenant Placement & Lower Vacancy Rates

Modern, code-compliant units with updated layouts, new finishes, and energy-efficient systems attract quality tenants quickly. Our renovations shorten listing times and reduce costly vacancy gaps in the highly competitive GTA rental market.

Reduced Operating & Maintenance Costs

We replace outdated plumbing, electrical, and HVAC systems with low-maintenance, high-efficiency systems designed for long-term performance. Durable finishes and preventative upgrades lower repair costs and extend property life cycles, protecting owner profits.

Compliance with GTA Rental & Building Codes

Our team ensures every renovation meets Ontario Building Code, fire safety standards, and municipal rental regulations. From legal basement suites to multi-unit upgrades, we provide fully compliant work that protects landlords from fines and legal issues.

Improved Tenant Retention & Satisfaction

Tenants stay longer in modern, comfortable, and safe rental spaces. We enhance functionality with custom storage, soundproofing, and efficient layouts, ensuring tenant satisfaction and reducing costly turnover for property owners.

Design. Build. Revamp.

Explore Our Latest Rental Renovation Projects

Building Your Vision

Why GTA Investors Rely on Us for Property Upgrades

We specialize in investment & rental property renovations in the GTA, helping landlords maximize ROI with compliant, durable, and tenant-ready upgrades. Here’s why you should choose our services over the others:

20+ Years Serving GTA Property Investors & Landlords

For over two decades, we’ve delivered rental-ready renovations for investors, landlords, and developers. Our portfolio includes single-family rentals, legal basement suites , and multi-unit apartment upgrades across Toronto and the GTA, with proven results.

Expertise in ROI-Driven Renovation Strategies

We focus on upgrades that maximize rental yield, from modern kitchens to secondary suite conversions. Using cost-benefit analysis, we design renovations that balance upfront spend with long-term revenue growth, helping investors outperform the GTA rental market.

Licensed, Insured & Rental Code Compliant

Our contractors are fully licensed, insured, and WSIB-certified, ensuring compliance with Ontario Building Code, fire separation, and municipal rental regulations. Investors trust us to deliver safe, legal, and risk-free property improvements every time.

Fast Turnaround for Tenant Turnovers

Vacancy costs landlords money. That’s why we prioritize efficient scheduling, streamlined permitting, and quick execution. Our fast turnaround reduces downtime between tenants while maintaining high construction quality and compliance.

Transparent Pricing & Cost Estimates

We provide detailed, itemized estimates with no hidden costs. Our pricing outlines materials, labour, and timelines upfront, giving investors full financial clarity. This transparency helps landlords plan budgets and forecast ROI with confidence.

Reimagine Your Home

Our Streamlined Rental Renovation Process

  1. Step 1

    Property Assessment & ROI Planning

    We evaluate property condition, rental demand, and upgrade potential. Our team provides ROI-focused renovation strategies, balancing cost efficiency with long-term income growth for GTA investors.

  2. Step 2

    Design, Budgeting & Permit Approvals

    Our experts prepare detailed design plans, transparent budgets, and complete permit packages. We manage all municipal approvals to ensure compliance with the Ontario Building Code and rental property regulations.

  3. Step 3

    Construction, Compliance & Final Inspection

    Licensed contractors execute all renovations, structural, mechanical, and finishes, under strict quality control. Every project undergoes a final inspection for code compliance, safety, and durability, ensuring properties are tenant-ready fast.

Crafting Dream Homes

How Much Do Investment Property Renovations Cost in GTA?

Renovation Scope

Description

Estimated Cost (GTA)

Basic Refresh

Repainting, minor electrical upgrades, cosmetic improvements.

$5,000 – $15,000

Partial Renovation

Renovated bathroom or kitchen only, including premium materials and fixtures.

$20,000 – $40,000

Mid-Range Full-Reno

Kitchen + bathroom + selective flooring updates, mid-tier finishes.

$50,000 – $80,000

High-End Full Renovation

Full coverage: kitchen, bathroom, living area, storage solutions, millwork.

$80,000 – $120,000+

Premium Custom Design-Build

Luxe materials (e.g., quartz, engineered hardwood), MEP overhauls, high-end millwork.

$120,000 – $200,000+

Note: These prices are estimates and may vary based on project size, material selection, design complexity, and site conditions.

Locations We Serve

RM Renovation has been servicing Toronto and GTA area for more than 20 year.

  • Toronto
  • Mississauga
  • Etobicoke
  • Oakville
  • Ajax
  • Ancaster
  • Angus
  • Aurora
  • Caledon
  • Guelph
  • Halton Hills
  • Pickering
  • Vaughan
  • Hamilton
  • Markham
  • Barrie
  • Bolton
  • Bowmanville
  • Brampton
  • Brantford
  • Brooklin
  • Georgetown
  • Georgina
  • Port Perry
  • Richmond Hill
  • Oshawa
  • Burlington
  • Cambridge
  • Clarington
  • Concord
  • Durham
  • Rexdale
  • East Gwillimbury
  • Thornhill
  • Whitby
  • Scarborough
  • King City
  • Kitchener
  • Kleinburg
  • Maple
  • Milton
  • Mono
  • New Tecumseth
  • Newmarket
  • North York
  • Orangeville
  • Peel Region
  • Woodbridge

We Offer The Best Renovation Service in GTA

White RM Renovation van with company logo and phone number 416-879-2717, used for home renovation service calls across the Greater Toronto Area

Get in Touch with RM Renovation

Call Us
416-879-2717
Email
robert.milchevich@gmail.com
Address
215-9 Crown Hill Place, Etobicoke, M8Y 4C5
Business Hour
Monday to Sunday: 9am - 10pm

Frequently Asked Questions

What are investment property renovation services in the GTA?

Investment property renovation services focus on upgrading rental units, multi-family properties, and secondary suites to meet building codes, attract tenants, and maximize ROI. Our team specializes in ROI-driven upgrades for landlords and property investors.

How much does an investment property renovation cost in the GTA?

Costs vary depending on the scope, basic cosmetic upgrades may start at $15,000, while full rental property renovations, including kitchens, bathrooms, and legal basement conversions, can range from $40,000–$150,000+. We provide detailed estimates based on ROI goals.

Why should I renovate my rental property before listing it?

Renovating a rental property before listing increases market value, improves tenant appeal, and reduces vacancy rates. Strategic upgrades like energy-efficient systems, modern kitchens, and updated bathrooms can boost rental income and appraisal value.

Do you handle legal basement and secondary suite conversions?

Yes. We specialize in legal basement apartment conversions and secondary suites in compliance with Ontario Building Code and GTA zoning bylaws, helping investors create safe, rentable units that generate additional income streams.

How do investment property renovations improve ROI?

Renovations increase ROI by raising rental value, lowering maintenance costs, and ensuring compliance with tenant safety and building standards. Upgraded properties attract long-term tenants, leading to stable rental income and reduced turnover.

Can you renovate multiple rental units or apartment buildings in the GTA?

Absolutely. We handle multi-unit and apartment building renovations, from unit turnovers to large-scale upgrades, with strategies tailored to minimize vacancy downtime and maximize profitability.