Gear without a room is capacity you can't sell.
Equipment does not generate revenue. Booked hours inside a treated, isolated room with an address do. Until there is a door a client can walk through, every piece of that chain is depreciating in storage instead of billing.
Toronto has 85 listed recording studios and 75 labels. None of them are competing with you on equipment. They are competing with you on availability.
City of Toronto Music Industry Strategy 2022–2026.