151 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1V1
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:2471)
McConkey Real Estate Corp. Brokerage
- 705-875-5957
- 705-745-4321
- 705-745-4324
- john@mcconkeyrealestate.com
- Property Address: 151 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1V1
- Community Name: Dovercourt-Wallace Emerson-Junction
- Property Type: Single Family
- Zoning Description: R2Z2
- Title: Freehold
- Lot Size: 22.2 x 112 FT
- Acreage: 22.2 x 112 FT|under 1/2 acre
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 1
- Maintenance Fee: 0.00
- Amenities Nearby: Park, Public Transit, Schools
- Structure Style: House
- Style: Detached
- Storeys: 2
- Floor Space: 1500 - 2000 sqft
- Building Age: 51 to 99 years
- Bedrooms: 5 + 2
- Bathrooms: 3-Total
- Basement Type: N/A (Finished)
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick
- Flooring: Laminate, Hardwood
- Foundation Type: Block
- Appliances Included: Dishwasher, Dryer, Stove, Washer, Refrigerator
- Structures: Deck, Porch
- Carpet Free
| Type | Level | Dimensions |
|---|---|---|
| Kitchen | Second level | 4 m x 2.4 m |
| Bedroom | Second level | 4.84 m x 2.69 m |
| Bedroom 2 | Second level | 4.34 m x 2.75 m |
| Bedroom 3 | Second level | 2.77 m x 2.55 m |
| Kitchen | Basement | 4.48 m x 2.38 m |
| Bedroom | Basement | 2.84 m x 2.43 m |
| Bedroom 2 | Basement | 2.69 m x 2.24 m |
| Living room | Basement | 2.45 m x 3.31 m |
| Living room | Main level | 1.93 m x 3.31 m |
| Kitchen | Main level | 3.65 m x 3.52 m |
| Bedroom | Main level | 3.87 m x 3.41 m |
| Bedroom 2 | Main level | 4.83 m x 2.68 m |
Listing Offices: MCCANN REALTY GROUP LTD.
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