151 Wallace Avenue

Toronto, ON M6H 1V1 ( Dovercourt-Wallace Emerson-Junction)

Quick Facts

Type: Detached

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 6,372 ( 2025)

Updated: 2025-11-10 17:41:56

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.

Extras

Detached

Property

Status: For Sale

MLS #: W12505844

Price: $ 1,649,000

Address: 151 Wallace Avenue

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 6,372

Tax Year: 2025

Lot Size:

Neighbourhood: Dovercourt-Wallace Emerson-Junction

Nearest Intersection: Wallace & Landsdowne

City: Toronto

Postal Code: M6H 1V1

DOM: 129 Days

Last Update: 2025-11-10 17:41:56

 

Building

Interior

Bedrooms: 7

Bathrooms: 3

Rooms: 7

Kitchens: 3

Family Room:

Fireplace:

Basement: Finished,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage: Front Yard Parking

Garage Spaces:

Parking Spaces: 1.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms