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    87 Peter Street

    Noir Residences
    10for Sale
    13for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    49
    Number of Units:
    550
    Condo Completion:
    2017
    Condo Demand:
    Medium
    Unit Size Range:
    291 - 996 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Noir Residences

    Receive listing updates for King West

    Amenities

    Concierge
    BBQs Allowed
    Rooftop Deck
    Party Room
    Rec Room
    Guest Suites

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 87 Peter StreetNoir Residences

    Developed by Menkes, 87 Peter St is a sleek high-rise in the desirable King West neighbourhood. In addition to an incredible location, this building has an extensive list of amenities that rivals any condo development in the city: gym, sauna, water spa, hot tub, coed steam room, massage beds, billiards room, party room, theatre lounge, and more — yes, more amenities.

    This property is ideal for people who work in downtown Toronto and want to spend as little time as possible commuting. Considering its proximity to the Entertainment District, access to TTC, and convenient location in King West — this condo will be a shining example of condo living for a long time.

    The Suites

    There are 550 units in this 49-storey condominium. Units follow a variety of layouts for 1 bedroom, 2 bedroom and 3 bedroom condos. All suites are open-concept and maximize living space, sizes range from 454 to roughly 1000 square feet.

    Finishes vary depending on unit but expect floor to ceiling windows, hardwood floors, stainless steel appliances, 9 and 10 foot ceilings, and executive finishes.

    Demand is high at 87 Peter, so if you're looking to land one of these King West condos for sale then you should expect some competition.

    The Neighbourhood

    King West is a prized location in Toronto and one of the best for urban living. With a condo at 87 Peter you are within walking distance of Toronto’s most famous attractions — CN Tower, Ripley’s Aquarium of Canada, Rogers Centre — not to mention some of the trendiest restaurants and nightlife.

    Dining out is a breeze in this neighbourhood with fantastic choices like Le Sélect Bistro, Jacobs & Co Steakhouse, Pizzeria Libretto, the Keg, or Montecito for vegetarian options. For coffee, there is nearby Starbucks, Tim Hortons, Quantum Coffee, The Coffee Lab and so many more — there really are too many options for caffeinated beverages to name them all.

    You’ll likely find a new favorite watering hole with so many cozy pubs nearby; there are also lively options like SPIN Toronto, The Addisons Residence, and Chill Ice Lounge. For Beer fans — WVRST and Bar Hop Brewco are can’t miss locations. And if that is not enough to satisfy you, it's just a short walk to Liberty Village for trendy bars, or a short stroll to the Entertainment District will have you immersed Toronto's nightlife.

    87 Peter has a lot of offer for sheer convenience as well; for groceries there is an Independent Market 2 minutes north on Peter, and a Fresh and Wild Food Market on Spadina. Plus, a host of stores within walking distance like LCBO, HomeSense and Dollarama. If you’re in need of a little green space, then you have some excellent parks to choose from; Clarence Square Park, Simcoe Park, and David Pecaut Square are all less than 5 minutes from your front door.

    Transportation

    King West is a very pedestrian-friendly area — residents of 87 Peter can easily accomplish their errands without a vehicle of public transit.

    TTC riders have a bus stop just outside of their building and streetcar service on King, connecting to the TTC network and subway service.

    For drivers, you have a short commute from your parking garage to the Gardiner Expressway via Spadina Avenue, and from there you can connect to the Don valley parkway and QEW.

    Reviews for Noir Residences

    Kenan Yousef
    October 30 2024
    Strata Agent
    5 out of 5
    The Noir Residences by Menkes is ideal for its location. Being in the city's heart and close to transit, entertainment, and the financial district attracts younger working professionals to the condo. Some of the things I like about the building: - The views on higher floors are stunning, especially south-facing units - The building features a variety of amenities that include a gym, sauna, spa, steam room, games room, theatre room, and party room - Units have floor-to-ceiling windows all around and integrated appliances in the kitchen - Relatively low maintenance fees by King West standards - The majority of units are well laid out (Although some have long hallways and wasted space) - The PM is onsite, making it convenient for any maintenance concerns Some of the drawbacks to consider: - While the majority of units have 9' ceilings, I've seen a few units with 8' ceilings - Elevator wait times can be an issue at times - A consideration for future owners is the high tenant-to-owner ratio in the building, which is usually seen as a negative factor - The building has an issue with doorknobs sometimes breaking The Noir Residences remains a solid choice, especially for young working professionals.
    10

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    13

    Listings For Rent

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    Explore King West

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar condos

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Noir Residences vs The King West Area

    Days on Strata

    Units at Noir Residences spend an average of
    30
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    6
    YEARS before being sold again

    Property Value

    -13%
    Decrease in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    131
    Units were Rented over the past twelve months

    Best Value Rank

    Noir Residences offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    Noir Residences has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    Noir Residences yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    Noir Residences is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 87 Peter Street

    Studio1 Bed1 Bed + Den2 Bed3 Bed
    Price Range$407,000 - $515,000$505,000 - $608,000$537,500 - $620,000$835,000 - $850,000No Data
    Avg. Cost Per Sqft$1,142$1,169$1,068$1,128No Data
    Avg. Wait for Unit Availability83 Days31 Days75 Days94 DaysNo Data
    Ratio of Units in Building14%53%21%12%2%

    Unit Sales vs Inventory

    Total number of units listed and sold in King West