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:60365)
Property Details
| MLS® Number | W12505844 |
| Property Type | Single Family |
| 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 |
Rashi Narula
Salesperson
3307 Yonge St
Toronto, Ontario M4N 2L9
Cheri Dorsey Mccann
Broker of Record
3307 Yonge St
Toronto, Ontario M4N 2L9
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 04 2025 04:06:57
Toronto Real Estate Board
Mccann Realty Group Ltd.
© 2025 Proptech Realty Inc., Brokerage.