7 Bedroom
3 Bathroom
1,500 - 2,000 ft2
Central Air Conditioning
Forced Air
$1,649,000
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. (id:50976)
Property Details
|
MLS® Number
|
W12505844 |
|
Property Type
|
Single Family |
|
Community Name
|
Dovercourt-Wallace Emerson-Junction |
|
Amenities Near By
|
Park, Public Transit, Schools |
|
Equipment Type
|
Water Heater, Furnace |
|
Features
|
Carpet Free |
|
Parking Space Total
|
1 |
|
Rental Equipment Type
|
Water Heater, Furnace |
|
Structure
|
Deck, Porch |
Building
|
Bathroom Total
|
3 |
|
Bedrooms Above Ground
|
5 |
|
Bedrooms Below Ground
|
2 |
|
Bedrooms Total
|
7 |
|
Age
|
51 To 99 Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Dishwasher, Dryer, Stove, Washer, Refrigerator |
|
Basement Development
|
Finished |
|
Basement Type
|
N/a (finished) |
|
Construction Style Attachment
|
Detached |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Fire Protection
|
Controlled Entry |
|
Flooring Type
|
Laminate, Hardwood |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,500 - 2,000 Ft2 |
|
Type
|
House |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Fenced Yard |
|
Land Amenities
|
Park, Public Transit, Schools |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
112 Ft |
|
Size Frontage
|
22 Ft ,2 In |
|
Size Irregular
|
22.2 X 112 Ft |
|
Size Total Text
|
22.2 X 112 Ft|under 1/2 Acre |
|
Zoning Description
|
R2z2 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Second Level |
Kitchen |
4 m |
2.4 m |
4 m x 2.4 m |
|
Second Level |
Bedroom |
4.84 m |
2.69 m |
4.84 m x 2.69 m |
|
Second Level |
Bedroom 2 |
4.34 m |
2.75 m |
4.34 m x 2.75 m |
|
Second Level |
Bedroom 3 |
2.77 m |
2.55 m |
2.77 m x 2.55 m |
|
Basement |
Kitchen |
4.48 m |
2.38 m |
4.48 m x 2.38 m |
|
Basement |
Bedroom |
2.84 m |
2.43 m |
2.84 m x 2.43 m |
|
Basement |
Bedroom 2 |
2.69 m |
2.24 m |
2.69 m x 2.24 m |
|
Basement |
Living Room |
2.45 m |
3.31 m |
2.45 m x 3.31 m |
|
Main Level |
Living Room |
1.93 m |
3.31 m |
1.93 m x 3.31 m |
|
Main Level |
Kitchen |
3.65 m |
3.52 m |
3.65 m x 3.52 m |
|
Main Level |
Bedroom |
3.87 m |
3.41 m |
3.87 m x 3.41 m |
|
Main Level |
Bedroom 2 |
4.83 m |
2.68 m |
4.83 m x 2.68 m |
https://www.realtor.ca/real-estate/29063699/151-wallace-avenue-toronto-dovercourt-wallace-emerson-junction-dovercourt-wallace-emerson-junction
