Gurvinder Nokwal REALTOR®
For Sale Fourplex 150 days on market

$5,500,000

Est. payment $24,353/moCalculate yours

243 Niagara Street, Toronto, ON M6J 2L7

Niagara, Toronto, ON M6J 2L7

  • 8 + 1 Beds
  • 9 Baths
  • 3 Garage
  • 3,500 Sq Ft
Map

Listing courtesy of HOMELIFE DISTRICT REALTY 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.

Property details

Overview

Property Type
Fourplex
Style
Other
For
For Sale
Status
New
Approximate Age
6-15
Size
3,500 sqft

Interior

Bedrooms
8 + 1
Bathrooms
9
Kitchens
5
Basement
Finished

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Other, Stucco (Plaster)
Foundation
Poured Concrete
Roof
Other
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
19.91 x 105.83 Feet
Parking
Detached garage · 6 total

Financial

Property Taxes
$19,900 (2025)

Location

Neighbourhood
Niagara
Cross Street
King St W And Niagara
Direction Faces
West

Listing

MLS® Number
C13158784
Days on Market
150
Listed On
2026-05-21
Possession
IMM
Listed By
HOMELIFE DISTRICT REALTY

Features

Interior

  • Other

Property

  • Other

Pool

  • None
Rental items
if Hot water tank

Mortgage calculator

Minimum for this price: $1,100,000 (20%)

Amortization, years

Estimated mortgage payment

$24,353 per month

Principal and interest
$24,353
Property tax
$1,658
Estimated monthly cost
$26,011

Your mortgage

Mortgage amount
$4,400,000
Mortgage insurance
Not needed
Interest over 25 years
$2,905,843

Cash to close

Down payment
$1,100,000
Land transfer tax (Ontario + Toronto)
$292,950
Total, before legal fees
$1,392,950
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

243 Niagara Street, Toronto, ON M6J 2L7 Niagara, Toronto, ON M6J 2L7
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$5,500,000 243 Niagara Street, Toronto, ON M6J 2L7
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