Listed for:Listed 6 days ago
$1,799,000

2983 Lawrence Avenue E

Scarborough (Bendale), ON M1P 2V6

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 2983 Lawrence Avenue E, Scarborough, Bendale

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 2983 Lawrence Avenue E, Scarborough, Bendale

Summarized Description

  • Located in prime McCowan & Lawrence area.
  • Features 4 legal one-bedroom apartments.
  • Potential for additional legal unit conversions.
  • Close to Scarborough General Hospital.
  • Excellent public transit access nearby.
  • Opportunity for income and redevelopment.
  • City supports potential seniors' home conversion.
  • Investors should verify zoning and permits.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,657
Land Transfer Tax Fee
$64,910

Basement Type
Apartment

Interior Features

Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
30.85 ft
Lot Depth
120.00 ft

Inclusions

Inclusions
All ELFs, Stove (6), Fridge (6), Washer/Dryer

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
6
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Bedrooms
6
Washrooms
6
Kitchens
6

Washrooms

  • 4-piece, Second
  • 4-piece, Main
  • 4-piece, Basement

Municipality
Scarborough
Neighbourhood
Bendale
Main cross streets
Mccowan & Lawrence
Directions
Mccowan & Lawrence

MLS® number
E13885124
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-10
Updated on
2026-10-10
Days on market
6 days
Possession date
2026-10-10
Possession type
Immediate
Co-op commission
2.25% + HST
Seller
Listed by
HOMELIFE/FUTURE REALTY INC.

Home Market Value

Current home valuation for 2983 Lawrence Avenue E, Scarborough, Bendale, Scarborough, ON. Listed for $1,799,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 2983 Lawrence Avenue E, Scarborough, Bendale

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Scarborough, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$359,800

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$1,439,200$1,349,250$1,259,300$1,169,350
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$7,027monthly$6,588monthly$6,149monthly$5,709monthly
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Land Transfer Tax

Provincial

$32,455

Municipal (Toronto)

$32,455

Total Land Transfer Tax

$64,910

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