$1585 for 2 bedrooms seems to be a below average rental rate in TO.
https://www.getwhatyouwant.ca/renting-in-toronto-guide-for-tenants
That said, It has been reported that BM lived with a roommate; and later, also his son. If so, as many choose to do in Toronto, rent would have been more than affordable when intentionally splitting costs with 1 or 2 others. Vacation expenses also could have been shared or solely funded by his traveling companion(s).
To date, no reports have described BM as extravagant in his spending or lifestyle. In fact, by most accounts it has been reported that he drove an older vehicle; dressed casually; hung out at coffee shops with elderly friends; and ordered breakfast specials. All pictures of BM show him dressed mostly in jeans/shorts/t-shirts (both around the GTA and while on vacations). Only one picture showed him formally dressed in a tuxedo (possibly from a family wedding).
In regards to his business, it appears that he would have had zero overhead expenses while using the property on Mallory Crescent to store his equipment and work on the planters he made and sold. Based on this, most likely his primary operating expenses would have been buying gardening materials; and that could have only been an in/out expense, if sold quickly. Given his reported customer list in well-to-do neighborhoods, would assume he had healthy profit margins.