Multi Unit Appraisals
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.
Overview
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.
When You Need a Multi Unit Appraisal
What We Provide
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
Property Types Covered
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
Common Use Cases
Lenders require verified market value and rental income strength.
Equity access for investors often depends on unit quality and income performance.
Multi unit properties often require retrospective or change of use valuations.
Investors use updated values for long term planning and restructuring.
Accountants and lawyers require independent FMV for reorganizations and settlements.
Service Areas
We provide multi unit appraisals across the GTA and surrounding areas including:
Why Investors Choose Advanced Appraisals
What Clients Receive
Full multi unit appraisal
Fair market value conclusion
Comparable sales grid
Rental income analysis
Neighbourhood and market overview
Tenancy impact commentary
Income approach valuation when relevant
Digital, lender friendly PDF
Support for lenders, accountants, and legal professionals
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 forplexes?
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?
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.
Can this report be used for CRA or capital gains?
Yes. We regularly provide multi unit valuations for tax and change of use filings.
Do you analyze rent increases or long term tenants?
Yes. Tenancy profile impacts value, risk, and lender decision making.
Can you separate value by unit?
Where needed, we provide commentary on how each unit contributes to overall value.
