Top Renovation Upgrades with the Highest ROI in High-End Areas of Toronto and Vancouver (2025)
If you’re a homeowner or real estate investor in neighborhoods like Forest Hill, Rosedale, Yorkville, Lawrence Park (Toronto) or Shaughnessy, Kerrisdale, West Point Grey, British Properties, Kitsilano (Vancouver), you’re probably thinking:
“Which home upgrades or renovation actually pay off?”
While luxury buyers expect a certain level of finish, not all renovations are equal in terms of return on investment (ROI). Based on recent market trends and realtor insights from both cities, here are the top renovations that deliver high ROI in high-end markets.
Kitchen Remodel: Modern, but Not Overdone
Estimated ROI: 70%–85%
Luxury buyers love a statement kitchen, but balance is key! Custom cabinetry, premium appliances (like Sub-Zero/Wolf/Gaggenau), and natural stone countertops and backsplashes (quartzite, marble) go a long way.
What works:
– Large kitchen island
– European-style cabinets
– Panel-ready appliances
– Walk-in pantry with built-in coffee bar
Avoid:
– Ultra-trendy designs
– Over-customization
Primary Bathroom Sanctuary
Estimated ROI: 65%–80%
In premium houses, bathrooms are not just functional, they’re spa-like retreat.
Top features:
– Radiant heated floors
– Oversized walk-in shower with steam
– Freestanding soaking tub
– Double vanity with lighting
Basement Finishing with Entertainment or Wellness Space
Estimated ROI: 60%–75%
Upscale buyers love homes with usable lower levels, but not just a place for storage.
Popular options:
-Bar and lounge area
– Home gym with infrared sauna
– Wine cellar
– Home theater
– maid`s suite with separate entry
Outdoor Living Spaces
Estimated ROI: 65%–80%
With growing emphasis on wellness and year-round comfort, outdoor upgrades are in high demand for luxury properties.
Smart additions:
– Covered kitchen
– Pergola
– Fireplace lounge
– Smart irrigation
Energy-Efficient Upgrades
Estimated ROI: 60%–90% long term
Luxury buyers are increasingly eco-conscious.
Key upgrades:
– Triple-pane windows
– HRV systems
– Spray foam insulation
– EV charging
– Solar panel roof
Smart Home Integration
Estimated ROI: 50%–75%
Smart homes are now expected in luxury markets.
Top investments:
– Lutron lighting
– Smart security-camera
– Whole-home audio
– Thermostats with HVAC zones
Closing Remark: Think For Resale from Day One
The best renovation isn’t just about how it looks today — it’s about what it will mean to the next buyer.
In markets like Toronto and Vancouver, where luxury buyers are having good judgment, the smartest investments are those that combine:
– Timeless design
– Functionality
– Sustainability
– Location-specific trends
Want to Know the ROI of Your Renovation Plan?
Try our free AI-powered renovation ROI estimator — customized for your home’s neighborhood, size, and project scope. Or book a 15-minute consultation with one of our renovation advisors.