The top 10 amenities your rental property in Ontario should have

As we go into 2024, the Ontario rental market is more competitive than ever. Landlords and property managers have to stay ahead of the curve to attract quality tenants and improve their living experience by offering amenities that will give them an advantage over other properties.

Being rated number one in property management for six years running, Royal York Property Management assures property owners of the ability to relax and diversify their portfolios while professionally managing complexities. Competitive in the Ontario landscape, the property management portfolio is strong and now includes 22,000 properties valued in excess of $10.1 billion in combined assets. At Royal York Property Management, we appreciate the need to offer the best features that will meet the ever-changing needs of tenants. Following the latest insights and trends, here are the top 10 must-have amenities in 2024 for your Ontario rental property:

1. In-Unit Washer and Dryer  

Having an in-unit washer and dryer is a game-changer for tenants. It saves them time, eliminates the hassle of shared laundry rooms, and offers convenience. In 2024, tenants expect this amenity to be standard. 78% of tenants prioritize having in-unit laundry facilities when choosing a rental property, according to a survey by the Ontario Tenants Association. That is why landlords should make sure that the appliances are energy-efficient and well-maintained to meet this demand and attract quality tenants.