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New2 days ago

151 Wallace Avenue

Dovercourt-Wallace Emerson-Junction, Toronto W02

$1,649,000

Detached|2-Storey
5 | 3 | 1
About this home

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.

Extras

No extras listed.

TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$6,372
Lot Size22.17 ft x 112 ft
mls© NumberW12505844
Listed ByMCCANN REALTY GROUP LTD.

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  • No recent lease history for this listing.

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