$1,649,000
Available - For Sale
Listing ID: W12505844
151 Wallace Avenue , Toronto, M6H 1V1, Toronto
| 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. |
| Price | $1,649,000 |
| Taxes: | $6372.04 |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 151 Wallace Avenue , Toronto, M6H 1V1, Toronto |
| Acreage: | < .50 |
| Directions/Cross Streets: | Wallace & Landsdowne |
| Rooms: | 7 |
| Rooms +: | 3 |
| Bedrooms: | 5 |
| Bedrooms +: | 2 |
| Family Room: | T |
| Basement: | Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 6.33 | 10.86 | Open Concept, Walk-Out |
| Room 2 | Main | Kitchen | 11.97 | 11.55 | Open Concept, Stainless Steel Appl |
| Room 3 | Main | Bedroom | 12.69 | 11.18 | Bay Window, Closet |
| Room 4 | Main | Bedroom 2 | 15.84 | 8.79 | Window |
| Room 5 | Second | Kitchen | 13.12 | 7.87 | Open Concept, W/O To Deck |
| Room 6 | Second | Bedroom | 15.88 | 8.82 | Closet, Bay Window, Hardwood Floor |
| Room 7 | Second | Bedroom 2 | 14.24 | 9.02 | Bay Window, Closet, Hardwood Floor |
| Room 8 | Second | Bedroom 3 | 9.09 | 8.36 | Hardwood Floor, 3 Pc Bath, Combined w/Laundry |
| Room 9 | Basement | Living Ro | 8.04 | 10.86 | Open Concept, Combined w/Dining |
| Room 10 | Basement | Kitchen | 14.69 | 7.81 | Open Concept, Combined w/Laundry |
| Room 11 | Basement | Bedroom | 9.32 | 7.97 | Above Grade Window, Laminate |
| Room 12 | Basement | Bedroom 2 | 8.82 | 7.35 | Laminate |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 3 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Main |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 3 | Basement |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | Main |
| Washroom Type 12 | 3 | Second |
| Washroom Type 13 | 3 | Basement |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 3 | Main |
| Washroom Type 17 | 3 | Second |
| Washroom Type 18 | 3 | Basement |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Front Yard |
| Drive Parking Spaces: | 1 |
| Park #1 | |
| Parking Type: | Front Yard |
| Park #2 | |
| Parking Type: | Front Yard |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Fenced Yard, Library |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
$
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| MCCANN REALTY GROUP LTD. |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Toronto |
| Municipality: | Toronto W02 |
| Neighbourhood: | Dovercourt-Wallace Emerson-Junction |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $6,372.04 |
| Beds: | 5+2 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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