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?