Adding a second full bathroom is a strategic move for this 1,400 sqft home. Currently, the property functions as a 3/1, which limits its appeal to families or professional roommates. A second bath increases both utility and the potential rent ceiling.
Financial Impact Estimates
| Metric | Estimate |
| :--- | :--- |
| Current Market Value | $63,500 |
| Post-Reno Market Value | $104,000 - $115,000 |
| Projected Monthly Rent | $2,120 |
| Estimated Yield | ~23% |
By investing $45,000, you are effectively shifting the asset from a "distressed shell" to a "competitive rental/resale" product. In the McDougall-Hunt market, where renovated comps are reaching up to $190,000, this budget should focus on durable, design-forward finishes that capitalize on the neighborhood's artistic vibe.
This renovation aligns with BRR (Buy-Rehab-Rent) principles. By adding the second bath, you mitigate the primary functional deficit of the original floor plan, likely shortening days on market and allowing for a higher-tier tenant profile or a more successful retail exit.