243 Niagara Street, Toronto, ON
Niagara, Toronto · 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.
Key facts
- Property type
- Other, Other
- MLS®
- C13158784
- Bedrooms
- 9 (8 + 1)
- Bathrooms
- 9
- Size
- 3500-5000
- Lot
- 19.91 × 105.83 ft
- Cross streets
- King St W And Niagara
- Parking
- 3 garage · 6 parking (detached)
- Driveway
- Private
- Basement
- Finished
- Kitchens
- 5 (4 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Other
- Sewer
- Sewer
- Property tax
- $19,900 / 2025
- Days on market
- 58
- Listing brokerage
- HOMELIFE DISTRICT REALTY
Listed at $5,500,000, this home is tracking about 35% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 95 similar homes nearby, adjusted for size, beds, and baths.Median of 95 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $4.08M, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $940K
- Size difference +$2.61M
- Bedrooms +$180K
- Bathrooms +$105K
- Adjusts to $3.84M
That comparable adjusts to $3.84M; the $4.09M estimate above is the median of all 95 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Niagara Street Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $4.09M, median of 95 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Elevator: rare and valuable for accessibility and resale.
- Lifestyle
This home lists 40% above the area average of $925/sqft.
57 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Niagara, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $4,400,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $23,480
- Property tax
- $1,658
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $25,138
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $123,975
- Toronto municipal land transfer tax
- $168,975
- Estimated closing costs
- $292,950
Plus your down payment of $1,100,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $1,408,802
- Principal paid down
- $560,341
- Interest paid
- $848,461
- Balance remaining
- $3,839,659
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE DISTRICT REALTY. MLS®/PropTx.