Multi Unit Appraisals 2 to 4 Units
Income properties with two to four units require deeper analysis than standard residential homes. We provide independent, professionally supported valuations for duplexes, triplexes, and fourplex properties across the GTA and surrounding areas.
You receive accurate market value, rental income analysis, and clean lender friendly reporting built for financing, refinancing, legal matters, tax planning, and investment decisions.
Two to four unit properties are unique. They are residential in classification, but they behave like income producing investments. Market value depends on rental income, suite configuration, unit legality, tenancy stability, expense expectations, neighbourhood demand, and investor behavior.
Advanced Appraisals provides multi unit valuations that combine market comparables with income based analysis. Lenders get clean, structured reports. Investors get clarity on performance and true value. Accountants and lawyers receive fully supportable FMV for tax, estate, or legal requirements.
You may require this valuation when:
• Purchasing a duplex, triplex, or fourplex
• Refinancing a multi unit rental property
• Adding or increasing a HELOC
• Completing a CRA related valuation or change of use
• Converting a single family home into a multi unit rental
• Transferring property within a family or corporation
• Providing supported rental income for your accountant
• Submitting documents to lenders during a mortgage review
• Managing long term tenants or mixed tenancy profiles
• Restructuring or expanding an investment portfolio
COMMON USE CASES
Every multi unit appraisal includes:
• Fair market value estimate
• Comparable sales specific to multi unit properties
• Rental income analysis with local market data
• Income approach valuation when applicable
• Review of legal versus non legal unit status
• Tenancy impact commentary
• Neighbourhood and market overview
• Investor specific considerations
• Clean, structured reporting ready for lenders, accountants, and advisors
We appraise:
• Duplexes
• Triplexes
• Fourplexes
• Homes converted to multi unit layouts
• Mixed residential properties up to four units
• Multi unit condos
• Properties with legal basement units plus additional units
• Homes with separate entrances and self contained suites
FAQ
Are multi unit properties valued differently than single family homes?
Yes. Income, tenancy, suite legality, and market demand play a major role in value.
Do you use the income approach for duplexes, triplexes, and fourplexes?
Often yes. When income is a meaningful factor, we apply income based valuation alongside market comparables.
Does the legal status of each unit affect value?
Absolutely. Legal units typically command stronger rents, higher demand, and greater lender acceptance.
Can you appraise homes converted to multi units?
Yes. We assess layout, unit separation, functionality, and market acceptance.
Should I get an appraisal before converting my home to multiple units?
Many investors do. It helps estimate post conversion value and financing options.
Will lenders accept your multi unit appraisals?
Yes. We structure reports specifically for lender review.
