187 Augusta Avenue
Kensington-Chinatown, Toronto, M5T 2L4
FOR SALE
$1,390,000
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7
BEDROOMS 4
BATHROOMS 3
KITCHENS 16
ROOMS C13548220
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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.
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.
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Located In One Of North York's Most Sought-After Top-Ranked School Districts! Exceptional Opportunity To Own A Fully Renovated Semi-Detached Home Within The Highly Desirable Highmount P.S, Highland M.S And A.Y. Jackson Secondary School Boundaries. Also Within Walking Distance To Cliffwood Public School Early French Immersion Program, Making This An Outstanding Choice For Families Seeking Top-Tier Education From Elementary Through High School. Extensively Updated Top To Bottom in Year 2023 & 2024: Furnace, A/C, Roof, Featuring Quality Finishes Throughout, Including Engineered Hardwood Flooring On Main And Second Floors, Modern Kitchen, Renovated Bathrooms, Fresh Paint. This Bright And Spacious Home Offers An Outstanding Layout With 6 Bedrooms Above Grade, Including 2 Bedrooms On The Main Floor And 4 Bedrooms On The Second Floor. Two Bedrooms Feature Ensuite Bathrooms, Providing Comfort And Privacy For Large Or Multi-Generational Families.The Finished Basement Features Vinyl Flooring, Multiple Rooms And A Kitchen. Separate Side Entrance Offers Excellent Flexibility For Extended Family Living Or Future Income Potential (Buyer To Verify). Enjoy The Enclosed Front Porch, Abundant Natural Light, Functional Living Spaces And A Rare Extended Driveway Offering Exceptional Parking Convenience For Up To 6 Vehicles Plus Garage Parking.. Conveniently Located Within Walking Distance To Seneca College, TTC, Parks, Community Centre, Shopping, Restaurants And Everyday Amenities. Minutes To Fairview Mall, Highways 401/404/DVP. Move-In Ready And Rarely Offered In This Prestigious School Community.
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