2983 Lawrence Ave E is a 6-bedroom, 6-bathroom fourplex in Toronto, listed for $1,799,000. It has 2000-2500 sq ft of living space.
1Exceptional Multiplex Investment Opportunity!
2Located directly across from Scarborough General Hospital, with excellent public transit access and proximity to major healthcare and transportation facilities.
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.
6 bedrooms, 6 bathrooms, about 2,000 sq ft, works out to roughly $900 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.Ask Zara a follow-up
Inside 2983 Lawrence Ave E
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
6 spaces
Basement
Apartment
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Fourplex
2983 Lawrence Ave E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E13885124$1,799,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2983 Lawrence Ave E Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$8,838
/mo
based on the purchase price of $1,799,000
$359,800 cash
$1,439,200 financed
$1,212,184 total interest
Principal54%$1,439,200
Interest46%$1,212,184
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 5–12 bed homes for sale in Toronto around $1.8M.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4970.0%On average, homes sold at or above asking.
Active listings12,207Homes for sale here right now.
Median vs prior 90 days+3.7%Compared with Apr 13 – Jul 12, 2026: prices up.
Based on 9,546 sales from Jul 12 – Oct 10, 2026 (6,503 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
2983 Lawrence Ave E is listed at $1,799,000 (MLS® E13885124). Summitly updates the price as soon as the MLS® record changes.
Is $1,799,000 a good price for 2983 Lawrence Ave E?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 2983 Lawrence Ave E changed?
No — 2983 Lawrence Ave E is still listed at its original asking price of $1,799,000.
How many bedrooms and bathrooms does 2983 Lawrence Ave E have?
2983 Lawrence Ave E has 6 bedrooms and 6 bathrooms, with about 2,000–2,500 square feet of living space. It is a fourplex in Toronto.
Is 2983 Lawrence Ave E close to transit?
The nearest rapid-transit station is Eglinton GO Station (Lakeshore East GO), about 2.1 km in a straight line. Kennedy Station is about 2.7 km, and Ionview Station is about 3.2 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 2983 Lawrence Ave E?
About $8,838 a month — principal and interest on $1,799,000 with 20% down ($359,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 2983 Lawrence Ave E compare with other homes in Toronto?
Its asking price of $1,799,000 is about 112% above the median sold price in Toronto over the last 90 days, $850,000, across 9,546 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 2983 Lawrence Ave E been sold before?
Summitly has no earlier MLS® sale or lease of 2983 Lawrence Ave E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2983 Lawrence Ave E?
2983 Lawrence Ave E is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2983 Lawrence Ave E been on the market?
2983 Lawrence Ave E was listed today (October 10, 2026).
What is the price per square foot of 2983 Lawrence Ave E?
About $720 to $900 per square foot: the asking price of $1,799,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 2983 Lawrence Ave E have parking or a garage?
