187 Augusta Avenue
Kensington-Chinatown, Toronto, M5T 2L4
FOR SALE
$1,390,000
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BEDROOMS4
BATHROOMS3
KITCHENS16
ROOMSC13548220
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Property Description
Prime Investment in Downtown Toronto. Don't miss this rare opportunity to won a charming semi-detached house in the heart of Kensington Chinatown, one of Toronto's most dynamic and culturally rich neighbourhoods, perfect for investors, entrepreneurs, or those seeking a prime live/work space in the city. Spacious 2 1/2 Storey Semi-Detached Home with over 2,000 + Sq. ft. of living space (including basement) Main Floor, Bright and open layout, ideal for retail, office, or residential conversion. Upper Levels: Flexible living space use as a single-family home, multi-unit rental, or live-work setup. Finished Basement: Additional living or income potential with a separate entrance. Private Driveway Parking (a rare find in this area!) Large Backyard, perfect for outdoor space, storage, or future expansion. Zoned for Mixed Uses, explore commercial, residential, or hybrid opportunities. Steps from Kensington Market, Moments from Chinatown, boasting top restaurants, shops, and services. Walking distance to UofT, OCAD, Ryerson, and George Brown College, Easy access to TTC (Spadina/College & Dundas Streetcar), Subway and Bike Lanes, surrounded by year round festivals, markets, and entertainment. High rental demand from students, young professionals, and businesses. Tourist & foot traffic hotspot, ideal for retail, cafe or creative workspace.
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Nearby Intersections
Property Features
Carpet Free, Front Yard Parking, Carbon Monoxide Detectors, Smoke Detector
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Property Details
Address
187 Augusta Avenue
Community
City
Postal Code
M5T 2L4
Property Type
Semi-Detached , Semi-Detached
Zoning
R and CR2
Lot Size
16' x 111'
Taxes
$12,310 (2025
Basement
Walk-Up, Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Superstars Realty Ltd.
Beautiful 2.5 storey home in excellent condition, offering a rare investment and lifestyle opportunity. This well-maintained property features four self-contained units, each with private entrances, making it ideal for investors or owner-occupiers. Live in one unit while generating income from the other three apartments. Step outside to a generous deck (4.80 x 4.10 metres), perfect for relaxing or entertaining. The home also benefits from convenient laneway access with one dedicated parking space, plus the potential to apply for up to two additional spots with the city. Situated in a vibrant, highly walkable neighbourhood, this property delivers true urban convenience. Just minutes to Lansdowne subway station, offering quick access to downtown and nearby s. Enjoy walking distance to schools, parks, recreation centres, churches, and shopping at Dufferin Mall. Explore the rich culture, dining, and community atmosphere of Little Portugal and Brockton Village, all just steps from your door.
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Exceptional investment opportunity in the heart of York University Heights! This well-maintained oversized 8-bedroom, 4-bathroom home offers outstanding cash flow with a projected 6.25%+ cap rate, making it an ideal addition to any investment portfolio. Featuring 2-car parking and situated on a premium lot in one of Toronto's fastest-growing communities, this property is perfectly positioned to attract strong rental demand.Bright, spacious, and meticulously maintained throughout, the home includes 2 full kitchens and an excellent layout designed for maximum income potential. Enjoy a spectacular rooftop terrace, a beautifully landscaped backyard patio, and exceptional indoor and outdoor living spaces. Located just minutes from York University, subway transit, shopping, parks, and major highways, this is a rare opportunity to own a high-performing income property with strong long-term appreciation potential.Projected 6.25%+ cap rate with excellent cash flow. Contact the listing agent for a complete financial package, including income and expense statements.
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