Market Rent Appraisals
Independent rental value assessments for lenders, investors, landlords and legal purposes.
Clear rent estimates based on comparable properties, neighbourhood trends and real market behaviour across the GTA and surrounding areas.
A market rent appraisal provides an unbiased estimate of what a property can reasonably rent for under current conditions. Lenders use it when rental income is needed for mortgage qualification. Landlords and investors use it to set pricing, evaluate cash flow, and support legal or tax filings. Advanced Appraisals provides accurate, professionally supported rental valuations for residential properties of all types.
Clients request rental valuations for:
• Mortgage approval when rental income is used for qualification
• Refinancing a property that has a rental suite
• Purchasing an investment property
• Newly built rental units
• Legal basement apartments
• Converting a home into a rental
• BRRRR planning and cash flow analysis
• Supporting rental values for private lenders
• Setting fair and accurate rent
• Estate, legal or partnership disputes
• CRA reporting related to rental income
• Rental value documentation for insurance or planning
HOW WE DETERMINE MARKET RENT
Your market rent appraisal includes:
- Current market rent estimate
• Comparable leased and active rental listings
• Neighbourhood rent trend analysis
• Adjustments for finishes, size, features and layout
• Review of unit condition and amenities
• Vacancy and demand indicators
• Income and yield considerations for investors
• Clear, lender ready commentary explaining valuation logic
The final report is structured, accurate and usable for lenders, accountants, investors and legal professionals.
We provide rent valuations for:
• Single family homes
• Semi detached homes and townhouses
• Condominiums
• Legal basement apartments
• Newly constructed rental units
• Secondary suites and coach houses
• Duplex, triplex and fourplex properties
• Luxury rentals
• Short term to long term rental conversions
• Investment properties and income producing assets
FAQ
Do lenders require a market rent appraisal for basement apartments?
Yes. Most lenders require a formal rental estimate when rental income is used for qualification.
Can you appraise rent for a newly built or never lived in unit?
Yes. We use comparable newly built rentals and market demand indicators.
Do you include utilities in the rent estimate?
We adjust based on whether utilities are included or excluded in competing rentals.
How accurate is the market rent estimate?
It reflects current market conditions based on comparable leased data and active listings.
Can the appraisal be used for BRRRR analysis?
Yes. Investors use it to evaluate cash flow and refinancing potential.
Will lenders accept your rent appraisals?
Yes. Our structure is lender friendly and used widely across the GTA and surrounding areas.
