Free tool
Rent it or sell it
What your equity earns as a rental, on your own numbers, before you decide.
As a rental, your equity earns
3.5%a year
Net rent as a share of what a sale would leave you, before income tax and before any change in the price.
- Net rent after costs
- $8,908/ year
- $33,600 rent, less $1,292 empty and $23,400 costs
- Estimated net proceeds if you sold
- $257,450
- After the mortgage payoff and $42,550 of selling costs ($39,550 commission with HST)
Only the interest is a cost. The principal you pay down each month is still yours: it shows up in the net proceeds, which is why it's left out of the costs.
Tax changes the answer. Rent is taxed as income, and selling a rental can mean capital gains tax. Run both with your accountant before you decide. An estimate, not an appraisal.
Get a real sale estimate from SashaMore free tools
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Where every rule comes from
- canada.ca, Rental income guide (T4036) (checked October 5, 2026)
- canada.ca, GST/HST rates (checked October 5, 2026)
General information from Ontario's and Toronto's published rules, not legal or tax advice. FastLease is a service of Sasha Bastani, Broker, Property.ca Inc. Brokerage.