worth it to add a bathroom?

[Ralph Noack]

I'm renovating an old house and we're making 3 units in it. A 1 bedroom, a 2 bedroom, and a 3 bedroom. The 3 bedroom may become a 4 bedroom depending on costs and if its worth it to do the work. Each unit has 1 bathroom in it. As we are in a university city and close enough to the schools for student rentals, I figure the 3 bedroom will most likely go out out students. My question is: Is it worth it to put in a 2nd bathroom into the large unit? As in, will I fetch more rental money for the unit or per room if we can offer another full bathroom.

The house is in Southern Ontario (Brantford). 

Current rents are only $450/month with utilities included & the place is kinda dumpy. We're renovating & I would hope to get at least $550/month/room in the 3(or 4) bedroom unit, for the newly renovated place with brand new kitchen, bathroom(s) & living room. 

What are your thoughts please?

[Deanna McCormick]

what's the expected cost of adding that bathroom..?? how long would it take for you to cover that reno cost.... is there a way to split the 3 br and make that a studio with a bath.. with a 3br unit the hold back is the limited bathroom but the entire building seems very low rent to me and makes me wonder where the profit is in it period.. More people in a unit make utility costs higher and how can you cover your expenses let alone make a profit on this type of set up. Do some reality checks on what your goal is and how hard you want to work for nothing.. this type of low rent rental to me is hard to grasp putting any huge money into I don't know your whole number story but get out a calculator...