243 Niagara Street

Niagara, Toronto, M6J 2L7

$5,500,000

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  • 8+1 bedrooms
  • 9 bathrooms
  • 6 parking
  • 3500-5000 sq ft

Listed 152 days ago · MLS® C13158784

About this home

Detached four-storey building completed in 2018 with quality finishes throughout. Property features self-contained apartment units on each level above grade, with each unit offering afunctional open-concept kitchen and living area, 2 bedrooms, 2 bathrooms, and in-suite laundry. Living rooms feature gas fireplaces, while kitchens are finished with quartz countertops and quality cabinetry. Primary bedrooms include a 4-piece ensuite bathroom. Separate services are provided for each unit, including individual furnaces and tankless hot water systems. The building is also equipped with a full sprinkler system and elevator access. The property offers a three-car garage with driveway access from Adelaide Street West, along with additional surface parking located in front of the garage. Generating over $160,000+ in annual rental income, this is an exceptional investment opportunity ideal for investors seeking strong cashflow and long-term income potential. A rare turnkey asset with modern construction, quality finishes, and excellent income performance. A finished one-bedroom basement apartment with 1bathroom provides additional income flexibility and further enhances the property's value.

Details

Type
Fourplex
Style
Other
Age
6-15 years
Size
3500-5000 sq ft
Lot
19.91 × 105.83 ft
Basement
Finished
Garage
Detached
Kitchens
5
Property tax
$19,900 (2025)
Neighbourhood
Niagara
Municipality
Toronto C01

Interior

Bedrooms
8 above ground + 1 below
Bathrooms
2 × 4-piece (main), 2 × 4-piece (second), 2 × 4-piece (third), 2 × 4-piece (upper), 1 × 4-piece (basement)
Kitchens
5 (1 below ground)
Rooms
16 above ground + 3 below
Family room or den
No
Fireplace
Natural Gas

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Exterior
Stucco (Plaster)
Foundation
Poured Concrete
Age
6-15 years
Faces
West

Parking

Garage spaces
3
Total parking
6
Driveway and parking
Private

Lot

Size
19.91 × 105.83 ft
Acreage
< .50

More

Possession
IMM
Cross street
King St W And Niagara

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Osgoode Subway2.0 km
  • 🚇 St. Andrew Subway2.0 km
  • 🚆 Exhibition GO1.2 km

Within a 10-minute walk: 12 grocery stores, 220 cafés and restaurants, 22 parks, 17 pharmacies. Nearest grocery: Wong's Fruit Market (300 m). Nearest park: Stanley Park (200 m).

Schools nearby

Elementary

  • Niagara Street Junior Public School
    EQAO: Gr 6 reading 100%, math 84%
    1 min walk
  • St. Mary Catholic School Catholic
    EQAO: Gr 6 reading 100%, math 38%
    6 min walk
  • Charles G Fraser Junior Public School
    EQAO: Gr 6 reading 95%, math 71%
    8 min walk
  • Givins/Shaw Junior Public School
    EQAO: Gr 6 reading 86%, math 71%
    12 min walk

Secondary

  • Oasis Alternative Secondary School14 min walk
  • Downtown Vocal Music Academy of Toronto Private15 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M6J

Owners / renters
49% / 51%
Median household income
$90,000
Average age
40
Children under 15
10%
Homes
3% detached, 33% high-rise
Commute by transit
25%
Population
32,111

Languages spoken most at home besides English: Portuguese 6.6%, Yue (Cantonese) 3%, Mandarin 2.7%, Spanish 1.1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in West Queen West (2025): 24% below the Toronto average, down 16% from the year before.

  • Assault23% below average
  • Break and enter37% above average
  • Auto theft63% below average
  • Robbery34% below average
  • Theft from vehiclesabout average
  • Shootings21% below average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 18 active

  • 689 KING ST W · 450 m
    Official Plan / Zoning By-law Amendment · Application Received · applied 2026
    Proposed 30-storey mixed-use development, comprised of hotel uses on the first 13-storeys, including a restaurant and 251 hotel suites, and residential uses…
    Application details
  • 191 NIAGARA ST · 250 m
    Site Plan · NOAC Issued · applied 2023
    A Site Plan Application to build a 3-storey addition to the existing 1-storey building for a total of 4 storeys onsite. The proposed use will be office space…
    Application details
  • 668 KING ST W · 500 m
    Site Plan · Under Review · applied 2023
    Ontario Line King-Bathurst
    Application details
  • 723 QUEEN ST W · 350 m
    Site Plan · NOAC Issued · applied 2022
    To demolish the existing two-storey, 60-bed crisis shelter building and construct a new four-storey shelter building with 63 beds and a total gross floor area…
    Application details
  • 689 KING ST W · 450 m
    Site Plan · Under Review · applied 2022
    To construct 11 and 18 storey hotel with 272 suites and a restaurant at-grade. Related applications include zoning by-law amendment application 19 115906 STE…
    Application details
  • 675 KING ST W · 450 m
    Site Plan · Under Review · applied 2022
    The proposed development is for a 19-storey mixed-use building with a height of approximately 67.7 metres to the top of the roof (72.0 metres to the top of the…
    Application details

19 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 2 km. Transit times · Driving times

Coming transit

  • 🚧 King West GO Transit550 m
  • 🚧 Chinatown 1.1 km
  • 🚧 Exhibition 1.2 km · opening 2031

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Multiple Projects · 2020 · Inspection
    Proposal to construct 4 storey building , roof access to stair,for greenroof 4 residential units, ground floor ramp at front, and…

6 permits on this block of the street in the last 2 years, including 1 new home.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

71 City street trees within 100 m. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by HOMELIFE DISTRICT REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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