Narayiv is situated along the small river of Narayivka, a tributary of Zolota Lypa in a picturesque natural surrounding of vast beech and hornbeam forests and fertile rolling hills (western part of Podolian Upland, ethno-geographic area of Galician Opillya).
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The First Narayever Congregation, a Jewish synagogue in downtown Toronto, was founded in 1914 by Jewish immigrants from Narayiv in the early 20th century.