151 Wallace AVE new Save Request In-Person Tour Request Virtual Tour
Toronto,ON M6H 1V1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Dovercourt-Wallace Emerson-Junction
MLS Listing ID W12505844
Style 2-Storey
Bedrooms 7
Annual Tax Amount $6,372
Tax Year 2025
Property Sub-Type Detached
Property 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.
Location
Province ON
County Toronto
Community Dovercourt-Wallace Emerson-Junction
Area Toronto
Rooms
Family Room Yes
Basement Finished
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Carpet Free,Separate Hydro Meter
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck,Controlled Entry,Porch
Parking Features Front Yard Parking
Pool None
Roof Type Asphalt Shingle
Lot Frontage 22.17
Lot Depth 112.0
Total Parking Spaces 1
Building
Building Age 51-99
Unit Features Fenced Yard,Library,Park,Public Transit,School
Foundation Block
Others
ParcelsYN Yes