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.
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.
Our valuation process includes:
• Architectural drawings and plans
• Construction materials, finishes and quality level
• Builder credentials
• Lot size, grading and location influences
• Planned layout and square footage
• Comparable new builds and recent sales
• Neighbourhood value patterns
• Zoning, setbacks and development considerations
• Market demand for new construction
We estimate how the completed home will perform in the open market.
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
COMMON USE CASES
SERVICE AREAS
We provide multi unit appraisals across the GTA and surrounding areas including:
Mississauga, Brampton, Oakville, Burlington, Milton, Halton Hills, Toronto, Vaughan, Richmond Hill, Markham, Pickering, Ajax, Whitby, Oshawa, Hamilton, Ancaster, Stoney Creek, Grimsby, Niagara region, Barrie, Innisfil, Bradford, New Tecumseth, and nearby communities.
• Independent and standards compliant
• Deep experience with multi unit residential assets
• Accurate rental income and expense analysis
• Clear understanding of legal versus non legal suites
• Lender friendly, structured reporting
• Reliable support for accountants, planners, and legal professionals
• Strong market knowledge across every major region in the GTA and surrounding areas
• 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
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.
