151 Wallace Avenue in Toronto: Dovercourt-Wallace Emerson-Junction House for sale (Toronto W02) : MLS®# W12505844
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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.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
2-Storey
Approx. Age:
51-99
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Lot Depth:
112'34.1 m
Lot Frontage:
22'2"6.76 m
Lot Shape:
Rectangular
Lot Details:
22.17 x 112.00 Feet
Direction Faces:
South
Bedrooms:
5+2
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
1
Bedrooms Above Grade:
5
Bedrooms Below Grade:
2
Kitchens Above Grade:
2
# Main Level Bedrooms:
0
# Main Level Bathrooms:
0
Rooms Above Grade:
7
Rooms Below Grade:
3
Rooms:
7
Fractional Ownership:
No
Zoning:
R2Z2
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Front Yard Parking
Parking Spaces:
1
Total Parking Spaces:
1.0
Family Room:
Yes
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Assessment:
$2,024
Assessment Year:
2024
Development Charges Paid:
Unknown
Taxes:
$6,372.04 /
2025
Assessment:
$2,024.00 /
2024
Toronto
Toronto W02
Dovercourt-Wallace Emerson-Junction
Fenced Yard, Library, Park, Public Transit, School
Carpet Free, Separate Hydro Meter
Deck, Controlled Entry, Porch
Hot Water Tank CAD70.18 PM and Furnace : CAD 54.30 Per Month
Data was last updated November 5, 2025 at 12:15 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$1,399,999
Min list price:
$998,000
Max list price:
$2,850,000
Avg days on market:
19
Min days on market:
0
Max days on market:
181
These statistics are generated based on the current listing's property type
and located in
Dovercourt-Wallace Emerson-Junction. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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