54 RABBIT Lane · 12-unit multifamily

54 RABBIT Lane is a 12-unit multifamily in Toronto, ON, asking $2,299,000 — $191,583 per door.

That sits below the Toronto band of $425k - $750k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. Toronto cap rates screen 3.3% - 4.8% against average rent near $2,850 a door.

At 12 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

Toronto has unmatched rental depth but income yields are thin and diligence must focus on carry, policy, and execution. Investor demand reads very high, vacancy structurally tight.