Simple Upgrades That Boost Rental Value in Peterborough, Ontario

Owning a rental property in Peterborough, Ontario is a great long-term investment—especially with our city’s growing population and evolving rental demand. But did you know that a few simple upgrades can significantly boost your rental’s value, attract better tenants, and even reduce turnover?

Here are some budget-friendly, high-impact improvements you can make to increase your rental property’s appeal in the Peterborough market.

Freshly Painted & Updated Kitchen

🛠️ 1. Fresh Paint Goes a Long Way

It sounds simple, but a fresh coat of paint—especially in neutral, modern tones—can completely transform a space. Tenants in Peterborough appreciate clean, updated units, and paint is one of the most cost-effective ways to achieve that.

Pro Tip: Stick to warm grays, soft whites, or light beige tones to keep the space bright and versatile.

💡 2. Update the Lighting

Many older properties around Peterborough still have outdated or dim lighting. Swapping in modern LED fixtures or adding stylish light pendants in the kitchen or dining area can give your unit a refreshed look.

Better lighting = better listing photos, more showings, and better first impressions.

🚿 3. Modernize the Bathroom

You don’t need a full reno. Consider these quick fixes:

• Replace old faucets and showerheads

• Upgrade to a new mirror or vanity

• Add new cabinet hardware or towel bars

Tenants love clean, modern bathrooms, and even small updates can elevate the feel of the space.

🍽️ 4. Upgrade Kitchen Essentials

The kitchen is often the heart of the home. In Peterborough’s competitive rental market, small kitchen upgrades can go a long way:

• Change dated cabinet handles

• Install a new backsplash

• Add open shelving for a modern touch

Even replacing a faucet or adding under-cabinet lighting can enhance value.

🧺 5. Add In-Suite Laundry (If Possible)

If space allows, installing in-unit laundry is a major value booster—especially in student or family rentals near Trent University or Fleming College. Many tenants will pay a premium for this convenience.

Clean, Fresh Landscape Exterior

🪴 6. Improve Curb Appeal

First impressions matter. If you own a house or duplex, simple outdoor improvements like:

• Painting the front door

• Adding new house numbers

• Cleaning up the landscaping

...can make your rental stand out in a Peterborough listing.

📶 7. Offer High-Speed Internet or Smart Features

As remote work continues to rise in Peterborough, strong internet is no longer a luxury—it’s a must. Consider wiring your unit for fast internet or including Wi-Fi in the rent. Bonus points for smart thermostats or locks!

📍 Why This Matters in Peterborough

Peterborough’s rental market is growing, but so is tenant expectation. With new developments and revitalized neighborhoods, landlords need to stay competitive. These simple upgrades not only improve your monthly rental income but also help reduce vacancy rates, especially in hot areas like The Avenues, East City, and North End.

👥 Join the Conversation

Want more tips like this or help navigating the local rental market? Join the Peterborough Landlord Association to connect with fellow property owners, stay informed, and get support from a growing community of local landlords.

Let’s keep raising the bar for rental housing in Peterborough—one upgrade at a time!