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Townhouse · Listed 0 days ago

87 Niagara Toronto,ON M5V 1C9

Toronto, ON, Canada

3 Beds2 Baths1,500–1,500 sqft0 Built

List price

$1,199,000

Why This Property?

This 1,500 sq. ft. Niagara townhouse has three bedrooms, two bathrooms, parking and a basement with separate front and rear entrances. A mature-tree-shaded backyard adds outdoor space. Stanley Park, Victoria Memorial Square and the King West strip are among the neighbourhood’s named destinations.

Facts & Features

Highlights

  • parking
  • basement

Bedrooms & bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full: 2
  • Half: 0

Living Area

  • 1,500–1,500 sqft

Stories

Lot size

  • N/A — Condo

Year built

  • 0

Property type

  • Townhouse

Standard status

  • Active

Cooling

Heating

View

    Utilities

      Water / Sewer

      About This Property

      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.

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      Frequently Asked Questions

      Everything you need to know about valuing and buying with RealOrca.

      What is notable about the basement access?
      The basement has separate front and rear entrances; the listing describes potential to configure it as a self-contained unit.
      What parks and local destinations are nearby?
      Nearby named green spaces include Stanley Park, Victoria Memorial Square and Garrison Common at Fort York; STACKT Market and King West are local destinations.
      What is the typical ownership structure for townhouses in Toronto?
      Toronto townhouses may be freehold, condominium townhouse, or part of a shared-ownership/road maintenance arrangement. The main difference is whether you own the home and land outright or share responsibilities for common elements and maintenance. A buyer should review the status certificate or ownership documents carefully to understand fees, repairs, and restrictions.
      How important is transit access when buying a townhouse in Toronto?
      Transit access is often a major factor because many Toronto townhouses are valued for their convenience to TTC subway, streetcar, and bus routes, as well as GO Transit hubs like Union Station. Buyers often consider walkability to stations, commute times, and access to major routes when choosing a neighbourhood.
      What neighbourhood features do townhouse buyers commonly look for in Toronto?
      Townhouse buyers in Toronto often look for proximity to schools, parks, shops, transit, and community amenities. Since neighbourhood character varies widely across the city, buyers may prioritize a quieter residential feel, downtown convenience, or easier access to family-oriented services and public transit.
      What school options are available for families buying a townhouse in Toronto?
      Toronto is served by the Toronto District School Board (TDSB) and the Toronto Catholic District School Board (TCDSB), among other school options. Families often check school boundaries, program availability, and commute distance to determine which neighbourhood best fits their needs.