87 Niagara Street

About this home

Welcome to a rare opportunity in one of downtown Toronto's most coveted addresses - an M5V postal code, no less! Tucked into the heart of the city, this Niagara St property is perfectly suited for investors or anyone ready to plant roots in a beautiful, established downtown neighbourhood. The main entrance offers a warm and inviting introduction to what could easily serve as your primary residence, while the basement level brings serious income potential to the table. With both a front and back separate entrance, this lower level is ideally set up to become its own self-contained unit - helping offset renovation costs or generate steady rental income from day one. Step outside and discover a charming, sun-dappled backyard, shaded by the natural grace of mature trees. It's a peaceful little escape that feels worlds away from the bustle of the city, even though you're right in the middle of it. A private parking spot at the rear of the building means your car stays protected from the elements - no more scraping snow off the windshield on a cold Toronto morning. And here's where things get even more exciting: with laneway units now permitted in the city, that same parking spot presents the opportunity to build a second income-generating unit. Whether you're looking to add long-term rental income, create a space for extended family, or simply maximize the property's value, the potential here is significant. Location doesn't get much better than this. You're just steps from 1 Hotel Toronto and Stack't Market, with Old York Tavern nearby for a great night out. A cosmetic medical clinic is also coming soon just across the street, and The Well is only moments away - bringing even more shopping, dining, and lifestyle amenities right to your doorstep. Add in countless parks and restaurants throughout the neighbourhood, and you have a location that truly has it all. This home truly deserves to be seen in person.

Details

Property type

Att/Row/Townhouse

Style

3-Storey

Size (sq ft)

1100-1500

Bedrooms

3

Bedrooms below grade

1

Bathrooms

2

Kitchens

2

Basement

Finished with Walk-Out

Heating

Baseboard

Air conditioning

Central Air

Garage

Other

Parking spaces

1

Lot frontage

16.19

Lot depth

100.14

Lot units

Feet

Faces

South

Cross streets

Niagara St/Bathurst St

Property taxes

$9,499

Tax year

2026

Possession

Immediate

MLS® number

C14031006

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Listing courtesy of THE AGENCY.