ON > Toronto > Dovercourt-Wallace Emerson-Junction
Toronto, ON M6H 1V1,151 Wallace AVE
Toronto, ON M6H 1V1,151 Wallace AVE
Toronto, ON M6H 1V1,151 Wallace AVE
Toronto, ON M6H 1V1,151 Wallace AVE
Toronto, ON M6H 1V1,151 Wallace AVE
Toronto, ON M6H 1V1,151 Wallace AVE
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Jeremy Van Caulart

Jeremy Van Caulart

+1(437) 529-4649
$ 1,649,000
Est. payment | /mo

7 Beds

3 Baths

Save
$ 1,649,000
Est. payment | /mo
Save

7 Beds

3 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Dovercourt-Wallace Emerson-Junction

MLS Listing ID W12505844

Style 2-Storey

Bedrooms 7

Annual Tax Amount $6,372

Tax Year 2025

Property Sub-Type Detached

Property 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.

Location

Province ON

County Toronto

Community Dovercourt-Wallace Emerson-Junction

Area Toronto

Rooms

Family Room Yes

Basement Finished

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Carpet Free, Separate Hydro Meter

Heating Yes

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Controlled Entry, Porch

Parking Features Front Yard Parking

Pool None

Roof Type Asphalt Shingle

Lot Frontage 22.17

Lot Depth 112.0

Total Parking Spaces 1

Building

Building Age 51-99

Unit Features Fenced Yard,Library,Park,Public Transit,School

Foundation Block

Others

ParcelsYN Yes

Listed by MCCANN REALTY GROUP LTD.
Jeremy Van Caulart

"Helping clients build weath through strategic real estate aquisitions"

+1(437) 529-4649

jeremy@getadvantage.ca

118 Merchants Wharf Unit 302, Toronto, Ontario, M5A0L3, CAN

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151 Wallace AVE