Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
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87 Peter St, Toronto
Built
2018
Storeys
49
Suites
550
Developer
Menkes Developments
Corporation
TSCC-2700
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at 87 Peter worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 504King St West at Peter St504 King / 508 Lake Shore streetcarSteps away
- 1St Andrew stationLine 1 Yonge–University0.6 km
- 19BayTTC bus1.0 km
- 97YongeTTC bus1.0 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.0 km
- UPUnion stationUP Express · Pearson to Union1.0 km
- 114Queens Quay EastTTC bus1.1 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–6
Ogden Junior Public School
33 Phoebe St, Toronto
0.4 km · ~6 min walk
Zoned for this address
MiddleGr 7–8
Ryerson Community School
96 Denison Ave, Toronto
0.9 km · ~14 min walk
Zoned for this address
High schoolGr 9–12
Harbord Collegiate Institute
286 Harbord St, Toronto
2.4 km
Zoned for this address
Catholic elementary
Bishop Macdonell Catholic Elementary
0.9 km · ~14 min walk
Nearest, confirm zoning
Catholic elementary
St Mary Catholic Elementary School
1.0 km · ~16 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.0 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Pierre Elliott Trudeau
1.8 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at 87 Peter actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| Studio | 0 | too few | 14 | $1,965/mo |
| 1 bed | 13 | $430,000 | 98 | $2,300/mo |
| 2 bed | 1 | too few | 18 | $3,350/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at 87 Peter
Do mostly owners or renters live here?
Renter-heavy building. Of 330 deals here in the last 24 months, 301 were leases and 29 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at 87 Peter?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about 87 Peter
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Restaurant
Muse Lobby Bar
Steps away
Coffee
Bynd Coffee Bar
Steps away
Restaurant
Riu Plaza
Steps away
Restaurant
Riu Plaza Toronto Restaurant
Steps away
Restaurant
Kiin Restaurant
Steps away
Vietnamese
Pho Ngoc Yen Restaurant
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Grasett Park
- Clarence Square Park
- St. Patricks Square
Nearest grocery
No Frills
0.2 km · ~3 min walk
Prices: TRREB MLS® System aggregate medians for 87 Peter St, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
87 Peter is a building I explain to buyers in one line: it is a 49-storey tower of small, efficient suites, built by a developer that still manages it, at one of the busiest corners in the Entertainment District. That makes it a strong rental and first-purchase building and a weak one for anyone who needs space. Know which of those you are before you book showings. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
87 Peter is a 49-storey high-rise condominium at 87 Peter Street, at Peter and Adelaide in the Wellington Place area of downtown Toronto. It was developed by Menkes Developments and designed by Core Architects, and was completed in 2018. Condos.ca lists 550 suites, the condominium corporation TSCC-2700 (registered 21 December 2018) and Menres Property Management, Menkes’ management arm, as manager. Suites run about 449 to 996 sq ft. Maintenance fees include common elements, heat, air conditioning, building insurance and water.
87 Peter at a glance
A 49-storey tower built around small suites
Menkes brought this project to the city in 2012, when UrbanToronto covered it under the name Noir, a 49-storey Core Architects design for the Peter and Adelaide corner. It topped out at 156 metres in early 2018 and the corporation registered in December that year.
The suite mix explains the building. The 2012 proposal described 546 suites, and almost two-thirds of them were studios and one-bedrooms. Condos.ca now lists 550 suites, while an UrbanToronto update in 2018 said 630, so the published counts do not agree; the status certificate will give you the real figure.
Suites here run from about 449 to 996 sq ft. Nothing in the building approaches the large plans you find in some older towers nearby, so this is not a downsizer building. What it does well is a compact one-bedroom with a balcony and a lake or city view at a downtown address.
The podium, the parking and the heritage neighbour
The original proposal put five levels of residential parking underground and stacked public parking on floors two to four of the podium, replacing a surface lot that had been on the site. The podium was designed with glass and light strips over those parking floors and light precast stone up to about the 12th floor. That means the lowest residential floors sit above a parking structure, not at street level.
To the north, the tower was designed to overhang a laneway, widening the pedestrian alley by about 4.5 metres. Next door at 317 Adelaide West is the Commodore Building from 1929, which is on the City’s heritage inventory and was kept in place.
For residents, the parking arrangement cuts both ways. It is convenient for guests, but it also means shared traffic through the site. Ask how resident and public parking are separated and whether the suite you want comes with a space, because many smaller suites in towers like this were sold without one.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Living at Peter and Adelaide
You are in the middle of the Entertainment District. The King Street restaurant strip, the theatres, the TIFF Bell Lightbox and the stadium and arena are all walkable, and the Financial District is a straightforward walk east. The data panel on this page has the transit and walkability details.
The trade is noise. Peter and Adelaide are busy streets, and the clubs and bars in these blocks run late on weekends. Higher floors are much quieter than lower ones. If you are sensitive to noise, see the suite on a Friday or Saturday night before you make an offer.
The blocks around you are still filling in. The Pinnacle on Adelaide sits just to the east and 357 King West finished nearby a few years after 87 Peter. Check the City of Toronto development applications map before you pay a premium for a view.
Fees, inclusions and the developer as manager
Condos.ca lists the fee as covering common elements, heat, air conditioning, building insurance and water. Across the active listings when I checked, that worked out to about $0.86 per square foot a month, which is mid-range for downtown given that heating and cooling are bundled in. Hydro is not listed as included.
Menres, the manager condos.ca lists, is part of Menkes. Developer-affiliated management is common with Menkes buildings and can mean consistent standards across their portfolio. It is still worth reading the board minutes to see how the board and manager deal with repairs and complaints.
Because the suites are small, the monthly dollar amount stays manageable even at that rate. Across the active listings, fees ran from roughly $360 to $540 a month, from the studios up to the two-bedrooms. For a first-time buyer, that predictability, with heating and cooling already inside the number, is easier to plan around than a lower fee plus a separate seasonal utility bill.
What 87 Peter costs
Condos.ca puts the building average at about $931 per square foot. That is high for the area, and it is mostly a small-suite effect: compact studios and one-bedrooms always carry a higher price per square foot than larger plans, so do not compare this number directly with a building full of two-bedrooms.
When I wrote this, nine suites were for sale and nine for lease. Asking prices ran from about $388,000 to about $585,000, with the two-bedrooms in the middle of that range. Those are asks; the sold data panel on this page shows what has actually traded.
The upside of a building this size with so many similar suites is that comparables are plentiful. If you want me to price a specific layout, use my building sold report.
Building specifications
| Building name | 87 Peter (proposed as Noir) |
| Address | 87 Peter St, Toronto (Peter and Adelaide) |
| Developer | Menkes Developments |
| Architect | Core Architects |
| Storeys | 49 (about 156 metres) |
| Total suites | 550 per condos.ca; other sources say 546 or 630 |
| Condo corporation | TSCC-2700 |
| Registered | 21 December 2018 |
| Property management | Menres Property Management (per condos.ca) |
| Suite sizes | Approximately 449 to 996 sq ft |
| Maintenance fees | About $0.86 per sq ft across active listings |
| Fees include | Common elements, heat, air conditioning, building insurance and water |
| Parking | Underground resident levels; public parking planned in podium floors 2 to 4 |
Amenities at 87 Peter
The amenity list covers the everyday basics, with a gym, spa, media and games rooms and a party room for when a small suite cannot hold your guests. There is no pool listed, which helps keep fees in check for a building of this height.
Jatin’s honest take on 87 Peter
Who this building suits
First-time buyers who want a downtown address at the lowest entry price, young professionals who work in the core and want to walk, and investors who want an easy-to-lease studio or one-bedroom. Students and people who travel a lot also fit the building well, because the suites are easy to lock and leave.
What I’d want you to check
Get the real suite count and parking arrangement from the status certificate. Confirm whether the suite includes parking and a locker. Read the reserve fund study, which at eight years old should be in good shape, and look for any special assessment. Check the floor: lower residential floors sit above the parking podium and nearer the street noise. In a 49-storey tower, ask about elevator wait times at rush hour and on move-in days, and read the rules on leasing and move bookings in the declaration.
The value question
At about $931 per square foot you are paying the small-suite premium. If you need a home office or a second bedroom you can use, a larger suite in an older tower nearby, such as The Pinnacle on Adelaide, may give you more space for similar money. If you want a low entry price, a newer building and steady rental demand, 87 Peter does that job well. Either way, buy the best floor and exposure you can afford in this building, because with so many similar suites on the market at once, the view and the floor are what separate one listing from the next when you sell.
Free building report: 87 Peter
Send me your email and I’ll put together a current report on 87 Peter — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
87 Peter — frequently asked questions
Who built 87 Peter?
Menkes Developments built it, and Core Architects designed it. The project was first proposed in 2012 under the name Noir.
How tall is 87 Peter?
It is 49 storeys and about 156 metres, according to UrbanToronto. It topped out in early 2018.
How many suites does 87 Peter have?
Condos.ca lists 550. The 2012 proposal described 546 and a 2018 UrbanToronto update said 630, so check the status certificate for the current figure.
How big are the suites?
About 449 to 996 sq ft. The building is weighted toward studios and one-bedrooms, with a smaller number of two-bedroom plans.
What do the maintenance fees include?
Common elements, heat, air conditioning, building insurance and water, according to condos.ca. Hydro is not listed as included.
Who manages 87 Peter?
Condos.ca lists Menres Property Management, which is part of Menkes. Confirm the current manager in the status certificate.
Does 87 Peter have a pool?
No pool is listed. Amenities include a concierge, gym, spa, media room, party room and a billiards and table tennis room.
Is there parking at 87 Peter?
The original plans included underground resident parking and public parking on podium floors two to four. Many smaller suites were sold without a space, so confirm parking for the suite you are considering.
When was 87 Peter completed?
In 2018. The condominium corporation, TSCC-2700, was registered on 21 December 2018.
How does 87 Peter compare with The Pinnacle on Adelaide?
87 Peter is newer and its suites are smaller. The Pinnacle on Adelaide, a block east, is from 2014 and has a pool and larger plans at a lower average price per square foot.
How much do condos at 87 Peter sell for?
Over the last 12 months the median resale at 87 Peter was $435,500, across 14 sales. The typical unit sold in 25 days at about 98% of the asking price. That works out to roughly $939 per square foot.
How much is rent at 87 Peter?
The median lease at 87 Peter over the last 12 months was $2,300/mo, from 131 leases. Units typically leased in 12 days.
What does each unit type cost at 87 Peter?
Over the last 24 months: Studios rented for $1,965/mo; One-bedrooms sold for a median $430,000 and rented for $2,300/mo; Two-bedrooms rented for $3,350/mo. Each median uses three or more deals.
Are prices at 87 Peter up or down since 2022?
Down about 26%. The median sold price per square foot was $1,277 in 2022 and $939 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does 87 Peter offer an investor?
At a median price of $435,500 and a median rent of $2,300 a month, the gross yield is about 6.3%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at 87 Peter?
Mostly renters. Of the deals here in the last 24 months, 91% were leases and 9% were sales.
Can you Airbnb a unit at 87 Peter?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has 87 Peter had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is 87 Peter zoned for?
For TDSB public schools, the address is zoned for Ogden Junior Public School (Elementary, JK–6), Ryerson Community School (Middle, Gr 7–8), Harbord Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to 87 Peter?
The nearest subway is St Andrew station (Line 1 Yonge–University), 0.6 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.0 km; UP Express runs from Union station, 1.0 km; the 504 King / 508 Lake Shore streetcar stops 0.1 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of 87 Peter?
Walk Score 100, Transit Score 100 and Bike Score 98. Most daily errands can be done on foot.
What restaurants and shops are near 87 Peter?
Within about a 10-minute walk: Muse Lobby Bar (Restaurant), Bynd Coffee Bar (Coffee), Riu Plaza (Restaurant), Riu Plaza Toronto Restaurant (Restaurant), Kiin Restaurant (Restaurant). The closest grocery store is No Frills, 0.2 km away.
Which parks are near 87 Peter?
Grasett Park, Clarence Square Park, St. Patricks Square are the closest green spaces.
What is my unit at 87 Peter worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at 87 Peter lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at King West, Liberty Village and CityPlace more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including King West, Liberty Village and CityPlace. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at 87 Peter, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More King West, Liberty Village and CityPlace building guides: 123 Portland · 263 Wellington West · 300 Front Street West · 32 Camden Street Lofts · 330 Richmond · 357 King West
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.