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.
About this home
Photos of 87 Niagara Street
Facts and features of 87 Niagara Street
| Type | Att/Row/Townhouse |
|---|---|
| Style | 3-Storey |
| Bedrooms | 3 + 1 |
| Bathrooms | 2 |
| Size | 1100-1500 sq ft |
| Lot | 16.19 x 100.14 Feet |
| Parking | 1 |
| Garage | Other |
| Heating | Baseboard |
| Cooling | Central Air |
| Basement | Finished with Walk-Out |
| Exterior | Vinyl Siding, Brick |
| Taxes | $9,499 (2026) |
| Days on market | 16 |
| Listing brokerage | THE AGENCY |
Rooms
8 rooms, with sizes
| Room | Level | Size | Features |
|---|---|---|---|
| Primary Bedroom | Second | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | Large Window |
| Kitchen | Main | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | Walk-Out |
| Bedroom 3 | Second | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | Large Window |
| Office | Lower | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | Open Concept |
| Dining Room | Main | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | open concept, combined w/living, hardwood floor |
| Living Room | Main | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | open concept, combined w/dining, hardwood floor |
| Kitchen | Lower | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | Walk-Out |
| Bedroom 2 | Second | 0′ 0″ × 0′ 0″ 0.0 × 0.0 m | Large Window |
Around this home
What’s near 87 Niagara Street
From 87 Niagara Street, the nearest station is St Andrew station (Line 1 Yonge-University), 22 minutes on foot; the nearest grocery store is Farm Boy, 2 minutes on foot; the nearest TDSB elementary school is Niagara Street Junior Public School, 7 minutes on foot; and the nearest park is Victoria Memorial Square, 3 minutes on foot.
Transit
- St Andrew station Line 1 Yonge-University 22 min walk 9 min drive
- Osgoode station Line 1 Yonge-University 25 min walk 10 min drive
- Union station Line 1 Yonge-University 25 min walk 9 min drive
Groceries and pharmacies
- Farm Boy Grocery 2 min walk
- Kitchen Table Grocery 4 min walk
- Whole Health Pharmacy & Clinic Pharmacy 5 min walk
- Shoppers Drug Mart Pharmacy 5 min walk
- Loblaws Grocery 8 min walk
Parks
- Victoria Memorial Square Park 3 min walk
- Adelaide Place Parkette Park 6 min walk
- Ordnance Park Park 8 min walk
Schools
- St Mary Catholic School Catholic elementary · JK-8 EQAO 2024-25: Gr 6 reading 100% · Gr 6 math 38% 7 min walk
- Niagara Street Junior Public School TDSB elementary · JK-6 EQAO 2024-25: Gr 6 reading 100% · Gr 6 math 84% 7 min walk
- ALPHA Alternative Junior School TDSB elementary · JK-6 10 min walk
- Oasis Alternative Secondary School TDSB secondary · 9-12 10 min walk
- Msgr Fraser College (Southwest) Catholic secondary · 9-12 23 min walk 12 min drive
Nearest schools, not necessarily the ones that serve this address. Check with the TDSB and TCDSB school locators.
Community
- Fort York Library Library 6 min walk
- The Bentway Skate Trail Pool or arena 10 min walk
- Trinity Community Recreation Centre Community centre 15 min walk
Restaurants
- Hibachi Teppanyaki & Bar Google reviews 3 min walk
- Wild Wing Google reviews 4 min walk
- Wang Lang Google reviews 4 min walk
- Edulis Google reviews 4 min walk
- Donna Fernanda Ristorante & Pizzeria Google reviews 5 min walk
Places: OpenStreetMap contributors, October 2026. Walking and driving times: Mapbox. Schools: EQAO 2024-25, Ontario Ministry of Education.
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87 Niagara Street
Listing information is deemed reliable but is not guaranteed accurate by PropTx or the Toronto Regional Real Estate Board. Data source: PropTx. Listings are refreshed from the MLS® at least daily.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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MLS® C14031006 Data source: PropTx Listed October 14, 2026
