LiveMLS W13757126Buy & hold

13 SPENCER AVENUE · Duplex

Toronto, ON · Duplex · 2 units

$1,650,000listed

Workable offer

Toronto market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

13 SPENCER AVENUE is a 2-unit duplex in Toronto, ON, asking $1,650,000 — $825,000 per door.

That sits above the Toronto band of $425k - $750k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Toronto cap rates screen 3.3% - 4.8% against average rent near $2,850 a door.

At 2 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%.

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.

Asking price: $1,650,000
Units: 2 units
Property type: Duplex
Location: Toronto, ON
Price per door: $825,000
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 offer band this desk would actually bid — opens with a free account.