$1,390,000 - 187 Augusta Avenue, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
45 days on marketNeighbourhood: Kensington-Chinatown
- MLS Number
- C13548220
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 45
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- SUPERSTARS REALTY LTD.
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.
Estimate your monthly payments for this property
Estimated Payment
$6,148.44/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kensington-Chinatown
Kensington-Chinatown is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kensington-Chinatown
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kensington-Chinatown offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
187 Augusta Avenue, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $927/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 45 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Kensington-Chinatown
I know Kensington-Chinatown well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.