Detached House for sale at 151 Wallace Avenue, Toronto, Ontario, M6H 1V1 - Dovercourt-Wallace Emerson-Junction - MLS: W12505844

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151 Wallace Avenue

Toronto, Ontario, M6H 1V1 - Dovercourt-Wallace Emerson-Junction

$1,649,000

Neighbourhood

Dovercourt-Wallace Emerson-Junction
Major Intersection

Wallace & Landsdowne

Listed Since: 8 day(s)
Last update: today

Overview

Property Type

Detached, 2-Storey
Bedrooms

5 + 2
Bathrooms

3
Basement

Finished
Kitchen

2 + 1
Total Parking

1
Lot Size

22.17x112 (Feet)
Taxes

$6,372.04 (2025)
Type

Freehold

Property Description

Property description for 151 Wallace Avenue, Toronto

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.

Listed by MCCANN REALTY GROUP LTD.

Property details

MLS #

W12505844
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Front Yard
Garage

None
Total Parking

1
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Block
Elevator

N
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W12505844
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

51-99
Pool

None
Drive

Front Yard
Garage

None
Total Parking

1
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Block
Elevator

N
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

1.93 x 3.31 ft Main level

Open Concept, Walk-Out
Kitchen

3.65 x 3.52 ft Main level

Open Concept, Stainless Steel Appl
Br

3.87 x 3.41 ft Main level

Bay Window, Closet
2nd Br

4.83 x 2.68 ft Main level

Window
Kitchen

4.0 x 2.4 ft 2nd level

Open Concept, W/O To Deck
Br

4.84 x 2.69 ft 2nd level

Closet, Bay Window, hardwood floor
2nd Br

4.34 x 2.75 ft 2nd level

Bay Window, Closet, hardwood floor
3rd Br

2.77 x 2.55 ft 2nd level

hardwood floor, 3 Pc Bath, Combined W/Laundry
Living

2.45 x 3.31 ft Bsmt level

Open Concept, Combined W/Dining
Kitchen

4.48 x 2.38 ft Bsmt level

Open Concept, Combined W/Laundry
Br

2.84 x 2.43 ft Bsmt level

Above Grade Window, Laminate
2nd Br

2.69 x 2.24 ft Bsmt level

Laminate

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 151 Wallace Avenue, Toronto

This property has been sold 7 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Schools

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Neighbourhood Amenities & Points of Interest

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Local Real Estate Price Trends for Detached in Dovercourt-Wallace Emerson-Junction

Active listings

Average Selling Price of a Detached

October 2025

$1,290,770

Last 3 Months

$1,499,679

Last 12 Months

$1,616,803

October 2024

$1,635,158

Last 3 Months LY

$1,656,707

Last 12 Months LY

$1,489,901

Change

-21%

Change

-9%

Change

Historical Average Selling Price of a Detached in Dovercourt-Wallace Emerson-Junction

Average Selling Price

3 years ago

$1,391,667

Average Selling Price

5 years ago

$1,074,680

Average Selling Price

10 years ago

$826,800

Change

-7%

Change

20%

Change

56%

How many days Detached takes to sell (DOM)

October 2025

Last 3 Months

Last 12 Months

October 2024

Last 3 Months LY

Last 12 Months LY

Change

-42%

Change

-19%

Change

-10%

Average Selling price

Mortgage Calculator

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Down Payment ($)

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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