Gurvinder Nokwal REALTOR®
For Sale Fourplex 8 days on market

$1,799,000

Est. payment $7,966/moCalculate yours

2983 Lawrence Avenue E, Toronto, ON M1P 2V6

Bendale, Scarborough, ON M1P 2V6

  • 6 Beds
  • 6 Baths
  • 2,000 Sq Ft
Map

Listing courtesy of HOMELIFE/FUTURE REALTY INC. MLS® E13885124

About this home

Exceptional Multiplex Investment Opportunity! Prime McCowan & Lawrence location featuring 4 legal one-bedroom apartments, plus 2 additional units with potential for legal conversion, subject to City of Toronto zoning, building and permit requirements. Located directly across from Scarborough General Hospital, with excellent public transit access and proximity to major healthcare and transportation facilities. The City of Toronto has verbally indicated potential for conversion to a seniors’ home, subject to formal approvals, permits and applicable requirements. An excellent opportunity for investors, developers and operators seeking income, redevelopment and conversion potential. Buyers and cooperating brokerages are advised to conduct their own independent due diligence regarding zoning, permitted uses, building code compliance, licensing, permits, legal unit status and any proposed conversion or redevelopment.

Property details

Overview

Property Type
Fourplex
Style
2-Storey
For
For Sale
Status
New
Size
2,000 sqft

Interior

Bedrooms
6
Bathrooms
6
Kitchens
6
Basement
Apartment

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
30.85 x 120 Feet
Parking
None garage · 6 total

Financial

Property Taxes
$4,657 (2026)

Location

Neighbourhood
Bendale
Cross Street
Mccowan & Lawrence
Direction Faces
South

Listing

MLS® Number
E13885124
Days on Market
8
Listed On
2026-10-10
Possession
Immediately
Listed By
HOMELIFE/FUTURE REALTY INC.

Features

Interior

  • None

Pool

  • None
Included
All ELFs, Stove (6), Fridge (6), Washer/Dryer

Mortgage calculator

Minimum for this price: $359,800 (20%)

Amortization, years

Estimated mortgage payment

$7,966 per month

Principal and interest
$7,966
Property tax
$388
Estimated monthly cost
$8,354

Your mortgage

Mortgage amount
$1,439,200
Mortgage insurance
Not needed
Interest over 25 years
$950,475

Cash to close

Down payment
$359,800
Land transfer tax (Ontario + Toronto)
$64,910
Total, before legal fees
$424,710
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

2983 Lawrence Avenue E, Toronto, ON M1P 2V6 Bendale, Scarborough, ON M1P 2V6
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,799,000 2983 Lawrence Avenue E, Toronto, ON M1P 2V6
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