- Bedrooms
- 8+1
- Bathrooms
- 9
- Size
- 3,500–5,000sq ft
- Per sq ft
- $1,294at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $19,9002025 tax year
- Built
- 6-15
- Parking
- 63 detached
- Days on market
- Members
The brief
About 243 Niagara St
243 Niagara St is an 8+1-bedroom, 9-bathroom fourplex in Niagara, Toronto, listed for sale at an asking price of $5,500,000 (MLS® C13158784).
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.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall10/100−$13,300/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 6 homes with 9 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $19,900 / 2025
- MLS® number
- C13158784
- Board
- TRREB MLS®
- Property Type
- Fourplex
- Building Age
- 6-15
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 19.91 x 105.83 ft
- Listed on
- Parking
- 3 Detached, 6 Parking
Property details
Property
- Property Type
- Fourplex
- Style
- Other
- Community
- Niagara
- Municipality
- Toronto
Building
- Size
- 3500-5000 sqft
- Building Age
- 6-15
- Construction
- Other
Inside
- Bedrooms
- 8+1
- Bathrooms
- 9
- Bathroom Details
- 2 × 4pc Main, 2 × 4pc 2nd, 2 × 4pc 3rd, 2 × 4pc Upper, 1 × 4pc Bsmt
- Basement Type
- Finished
- Kitchens
- 4
Parking
- Driveway
- Private
- Garage Type
- Detached
- Garage
- 3
- Additional Parking
- 3
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 19.91 ft
- Depth
- 105.83 ft
- Lot Size
- 19.91 x 105.83 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Other
- Fireplace
- Yes
- Pool
- None
- Den
- No
- Family room
- No
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 243 Niagara St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $5,500,000 | N/A | For Sale | C13158784 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $1,100,000
- Total mortgage amount
- $4,400,000
- Total interest payment
- $3,127,600
- Total purchase cost
- $8,627,600
- Mortgage payment
- $25,092/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
62%Monthly carrying cost
$26,750- Rent $13,450
- Shortfall $13,300
Rental income opens at $13,450, the median asking rent of 6 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $123,975
- Toronto municipal land transfer tax
- $168,975
- Total land transfer tax
- $292,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $284,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $5,500,000
- $87,500
- Ontario total
- $123,975
Toronto’s municipal tax has its own higher brackets at this price, so it adds $168,975.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 2,107 sq ft196 m²
- Street frontage
- 19.91 ft6.1 m
- Depth
- 105.83 ft32.3 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m27 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 102 building permits issued within 250 m in the last 2 years250 m
- 5 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 1.6 km1.6 km
- Mapped parcel: about 1,970 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 430 m430 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — 1116 King Street West, 1.4 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (d1.0) (x869)By-law
569-2013Municipality
Toronto1 d1.0
Density: floor area is capped at 1.0 times the lot area.
2 x869
Site-specific exception 869: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(869)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
3 building permits cleared at this address in the City’s file.
Building Permit Related(PS)Inspection
Plumbing - Proposal to construct a, 4 storey addition, roof access stair, 4 residential units, ground floor ramp at front, and reconstruct detached garage at rear.
Issued January 28, 2016
Multiple ProjectsClosed
Conditional Permit - Proposal to construct 4 storey building , roof access to stair,for greenroof 4 residential units, ground floor ramp at front, and reconstruct detached garage at rear.
Issued January 28, 2016
Building Permit Related(MS)Inspection
HVAC - Proposal to construct a , 4 storey roof access stair, ground floor ramp at front, and reconstruct detached garage at rear.
Issued January 28, 2016
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
230 NIAGARA STSite planAppeal Received
To permit a 3-storey non-residential building having a non-residential gross floor area of 1,458 square metres.
40 m away788 KING ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law amendment to facilitate the redevelopment of the site for an 18-storey mixed-use building having a non-residential gross floor area of 714 square metres, and a residential gross floor area of 24,126 square metres. 373 residential units are proposed.
210 m away786 KING ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law amendment to facilitate the redevelopment of the site for an 18-storey mixed-use building having a non-residential gross floor area of 714 square metres, and a residential gross floor area of 24,126 square metres. 373 residential units are proposed.
230 m away782 KING ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law amendment to facilitate the redevelopment of the site for an 18-storey mixed-use building having a non-residential gross floor area of 714 square metres, and a residential gross floor area of 24,126 square metres. 373 residential units are proposed.
240 m away780 KING ST WOfficial plan or zoning amendmentAppeal Received
Zoning By-law amendment to facilitate the redevelopment of the site for an 18-storey mixed-use building having a non-residential gross floor area of 714 square metres, and a residential gross floor area of 24,126 square metres. 373 residential units are proposed.
240 m away115 STRACHAN AVESite planUnder Review
Site plan approval application to facilitate the redevelopment of the site for a 13 storey mixed-use building having a non-residential gross floor area of 138 square metres, and a residential gross floor area of 21,122 square metres. The Zoning By-law Amendment and Official Plan Amendment application has been OLT approved, pending final order until the applicant has fulfilled the required conditions.
260 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Exhibition GO | GO Transit train: Lakeshore West | 1.2 km |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.9 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 2 km |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 2 km |
| Queen's Park Station | TTC subway: Line 1 Yonge-University | 2.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Niagara Street Junior Public SchoolToronto DSB | Public · grades JK–6 | 50 m | 95%Grade 6 average |
| St Mary Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 400 m | 75%Grade 6 average |
| Charles G Fraser Junior Public SchoolToronto DSB | Public · grades JK–6 | 500 m | 87%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 1 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Msgr Fraser College (Southwest)Toronto CDSB | Catholic · grades 9–12 | 1 km | — |
| City SchoolToronto DSB | Public · grades 9–12 | 1.3 km | — |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.7 km | 8%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 2.7 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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