151 Wallace Avenue Toronto, Ontario M6H 1V1
$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:61852)
Property Details
| MLS® Number | W12505844 |
| Property Type | Single Family |
| Neigbourhood | Wallace Emerson |
| Community Name | Dovercourt-Wallace Emerson-Junction |
| AmenitiesNearBy | Park, Public Transit, Schools |
| EquipmentType | Water Heater, Furnace |
| Features | Carpet Free |
| ParkingSpaceTotal | 1 |
| RentalEquipmentType | Water Heater, Furnace |
| Structure | Deck, Porch |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 7 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementType | N/a (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FireProtection | Controlled Entry |
| FlooringType | Laminate, Hardwood |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| LandAmenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 112 Ft |
| SizeFrontage | 22 Ft ,2 In |
| SizeIrregular | 22.2 X 112 Ft |
| SizeTotalText | 22.2 X 112 Ft|under 1/2 Acre |
| ZoningDescription | 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 |
Interested?
Contact us for more information
Rashi Narula
Salesperson
3307 Yonge St
Toronto, Ontario M4N 2L9
Cheri Dorsey Mccann
Broker of Record
3307 Yonge St
Toronto, Ontario M4N 2L9
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November 04 2025 04:06:57
Toronto Real Estate Board
Mccann Realty Group Ltd.