An investment purchase also carries different financing terms than an owner-occupied one, since lenders weigh projected rental income and typically expect a larger down payment, which changes the real cost of buying beyond the listed price.
Rental demand in a family-oriented east side neighbourhood like Lakeridge tends to skew toward longer tenancies rather than high turnover, which affects the return an investor should model, separate from the purchase price itself.
A hand-reviewed valuation on the specific property gives you a real number to plan around. Get your hand-reviewed valuation from Joel Dyck.