LiveMLS E13885124Buy & hold

2983 LAWRENCE AVENUE E · Fourplex

Toronto, ON · Fourplex · 4 units

$1,799,000listed

Price at 5.75% cap

Toronto market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Nov 3

What this listing is

2983 LAWRENCE AVENUE E is a 4-unit fourplex in Toronto, ON, asking $1,799,000 — $449,750 per door.

That sits inside the Toronto band of $425k - $750k per door. Toronto cap rates screen 3.3% - 4.8% and average rent runs about $2,850 a door.

At 4 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

The Toronto desk underwrites vacancy at 1.5% - 3% and operating expenses at 30% - 40% of gross rent.

Asking price: $1,799,000
Units: 4 units
Property type: Fourplex
Location: Toronto, ON
Price per door: $449,750
Toronto cap band: 3.3% - 4.8%
Toronto average rent: $2,850

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the price at a 5.75% cap — opens with a free account.

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