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Home ON Greater Toronto Area Toronto Old Toronto Wallace Emerson Junction-Wallace Emerson
151 WALLACE AVENUE
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151 WALLACE AVENUE $1,649,000
$1,649,000
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151 WALLACE AVENUE
Toronto (Dovercourt-Wallace Emerson-Junction), Ontario M6H1V1

MLS® Number: W12505844
5 + 2
Bedrooms
3
Bathrooms
1500 - 2000
Square Feet

Listing Description

Live in style and invest wisely! Discover a rare opportunity in one of Toronto's most desirable neighborhoods - the vibrant Junction Triangle-Little Portugal. Welcome to 151 Wallace Avenue, a fully renovated and highly versatile property in the heart of a dynamic, fast-growing community. It is a legal duplex, perfect for investors, first-time buyers, or multi-generational living, this home offers exceptional flexibility. Enjoy income potential from two rental units, or easily convert it into a spacious single-family residence with a separate basement suite for added revenue. Ideal for house-sharing - live in one unit, rent out the other, and watch your equity grow! This turnkey property is fully leased at strong market rents - see attached financials. The main floor features a bright two-bedroom unit with access to a private backyard and a walkout deck perfect for relaxing. Upstairs, you'll find a three-bedroom suite with a renovated bath and a sunny balcony. The basement includes a separate entrance, above-grade windows, and large bedrooms - all with in-unit laundry. The south-facing backyard is perfect for summer BBQs and gatherings with friends and family, with one front yard parking spot and a second accommodated adjacently. This property has future potential for back extension and or garden suite to increase value. Location is unbeatable - steps from local cafés, bakeries, Toronto's best Korean fried chicken spots, breweries, and the TTC. This isn't just a home - it's a lifestyle investment in one of the city's most exciting communities with outstanding further growth potential. (41569543)

Location Description

Cross Streets: Wallace & Landsdowne. ** Directions: Wallace and Emerson.

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
1500 - 2000 sqft
Community Name
Dovercourt-Wallace Emerson-Junction
Title
Freehold
Land Size
22.2 x 112 FT|under 1/2 acre
Age Of Building
51 to 99 years
Annual Property Taxes
$6,372.04
Parking Type
No Garage
Time on REALTOR.ca
42 days

Building

Bedrooms
Above Grade
5
Below Grade
2
Bathrooms
Total
3
Interior Features
Appliances Included
Dishwasher, Dryer, Stove, Washer, Refrigerator
Flooring
Laminate, Hardwood
Basement Type
Finished
Building Features
Features
Carpet Free
Foundation Type
Block
Style
Detached
Fire Protection
Controlled entry
Building Amenities
Separate Electricity Meters
Rental Equipment
Water Heater, Furnace
Structures
Deck, Porch
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Park, Public Transit, Schools
Parking
Parking Type
No Garage
Total Parking Spaces
1

Measurements

Square Footage
1500 - 2000 sqft

Rooms

MetricImperial
Main level
Living room
Kitchen
Bedroom
Bedroom 2
Second level
Kitchen
Bedroom
Bedroom 2
Bedroom 3
Basement
Kitchen
Bedroom
Bedroom 2
Living room

Land

Lot Features
Fencing
Fenced yard
Frontage
22 ft ,2 in
Land Depth
112 ft
Other Property Information
Zoning Description
R2Z2
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