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Stuart McKerrow pic stuart.mckerrow@gmail.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. pic 358 Davenport Road, Toronto, Ontario M5R 1K6 pic Office: 416-966-0300 | Fax: 416-966-0080 | Cell: 416-856-6810

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$1,649,000
Available - For Sale
Listing ID: W12505844
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.
Price $1,649,000
Taxes: $6,372.04
Assessment Year: 2024
Occupancy by: Tenant
Address: 151 Wallace Avenue , Toronto, M6H 1V1, Toronto
Acreage: < .50
Directions/Cross Streets: Wallace & Landsdowne
Rooms: 7
Rooms +: 3
Bedrooms: 5
Bedrooms +: 2
Washrooms: 3
Family Room: T
Basement: Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 6.33 10.86 Open Concept, Walk-Out
Room 2: Main Kitchen 11.97 11.55 Open Concept, Stainless Steel Appl
Room 3: Main Bedroom 12.69 11.18 Bay Window, Closet
Room 4: Main Bedroom 2 15.84 8.79 Window
Room 5: Second Kitchen 13.12 7.87 Open Concept, W/O To Deck
Room 6: Second Bedroom 15.88 8.82 Closet, Bay Window, Hardwood Floor
Room 7: Second Bedroom 2 14.24 9.02 Bay Window, Closet, Hardwood Floor
Room 8: Second Bedroom 3 9.09 8.36 Hardwood Floor, 3 Pc Bath, Combined w/Laundry
Room 9: Basement Living Ro 8.04 10.86 Open Concept, Combined w/Dining
Room 10: Basement Kitchen 14.69 7.81 Open Concept, Combined w/Laundry
Room 11: Basement Bedroom 9.32 7.97 Above Grade Window, Laminate
Room 12: Basement Bedroom 2 8.82 7.35 Laminate
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Second
Washroom 3:  3 Basement
Washroom 4:  0
Washroom 5:  0
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Front Yard
Drive Parking Spaces: 1
Park #1
Parking Type: Front Yard
Park #2
Parking Type: Front Yard
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
Property Features: Fenced Yard
Library
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
MCCANN REALTY GROUP LTD.

151 Wallace Avenue , Toronto, M6H 1V1, Toronto

Personal Picture
Stuart McKerrow
Sales Representative
Dir:
416-856-6810
Bus:
416-966-0300
Fax:
416-966-0080

 
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At a Glance:
Type: Freehold - Detached
Area: Toronto
Municipality: Toronto W02
Neighbourhood: Dovercourt-Wallace Emerson-Junction
Style: 2-Storey
Lot Size: x 112.00(Feet)
Approximate Age: 51-99
Tax: $6,372.04
Maintenance Fee: $0
Beds: 5+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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