Rental Property Appraisals
Independent, professionally supported valuations for rental homes, basement suites, duplexes, triplexes, condos, and small multi unit buildings across the GTA and surrounding areas.
Our reports provide clear market value, rental income analysis, and lender friendly formatting for financing, taxation, investment planning, and portfolio growth.
Rental properties behave differently from owner occupied homes. Value reflects income potential, legal suite status, tenancy structure, vacancy expectations, and neighbourhood rental demand. Advanced Appraisals provides valuations that reflect real market behavior and align with lender standards, investor expectations, and CRA reporting requirements.
You may need a rental property appraisal when:
• Purchasing a rental property
• Refinancing or adding a HELOC
• Valuing a duplex, triplex, or four plex
• Converting your principal residence into a rental
• Reporting fair market value for CRA
• Transferring property within a family or corporation
• Completing an investment analysis
• Understanding the impact of legal or non legal suites
• Managing long term tenants or multiple leases
COMMON USE CASES
• Market supported estimate of value
• Comparable sales tailored to rental properties
• Market rent analysis
• Income approach valuation when applicable
• Expense and vacancy considerations
• Legal versus non legal suite confirmation
• Commentary on tenancy impact
• Neighbourhood and market analysis
• Lender friendly formatting and clear valuation logic
• Single family rentals
• Homes with legal or non legal basement units
• Duplexes and triplexes
• Four plex and small multi unit properties
• Investment condominiums
• Student rentals
• Short term rental conversions
• Mixed residential up to four units
FAQ
Do rental properties get valued differently than owner occupied homes?
Yes. Income, tenancy, suite status, and rental demand influence value and risk.
Do you include market rent in the appraisal?
Yes. We analyze local rents, tenancy agreements, and typical market behavior.
Does the legal status of a basement unit affect value?
Absolutely. Legal suites usually have higher market acceptance and rental potential.
Can you use the income approach for a duplex or triplex?
Yes. We apply income based methods when appropriate and combine them with market comparables.
Will lenders accept your rental property appraisals?
Yes. We follow the structure lenders request for income properties.
Do I need a rental appraisal for a change of use?
Often yes, especially if your accountant requires FMV for CRA.
