FOR SALE
$2,400,000
177 Wallace Ave, Toronto
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
177 Wallace Ave
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5 + 2
BEDROOMS
4
BATHROOMS
4
KITCHENS
7
ROOMS
W11953973
MLSID
Contact Us
Property Description
This property at 177 Wallace Ave presents a fantastic investment opportunity! Its a detached triplex with separate utilities for each unit, and being just a few minutes walk from Lansdowne subway Station makes it even more desirable. With the potential to generate $10,000 in monthly rental income, its a strong income-producing asset.The recent upgrades are impressive, too. The old radiant/boiler system has been replaced with a new HVAC system, which includes a new AC, furnace, and hot water tank. Over the past year, the property has seen significant renovations, including new plumbing, lighting, electrical fixtures, and upgraded kitchens and bathrooms. The exterior has been refreshed with a brand-new porch and stonework. All of this has resulted in a stylish and modern property, with over $300,000 invested into the upgrades. Rental occupancy is 100%.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-05-02 2023-05-26 24 $1,550,000 $1,550,000 Sold
2023-04-13 2023-04-14 1 $1,650,000 - Terminated
2021-08-23 2021-09-01 9 $1,679,000 - Suspended
2020-08-13 2020-09-25 43 $2,100 - Terminated
Nearby Intersections
Property Features
Library, Public Transit, Rec Centre, School
Property Details
Property Type
Triplex, 2 1/2 Storey
Lot Size
25' x 75'
Acreage
< .50
Fronting
North
Taxes
$6,000 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingGround10.50' x 13.12'
KitchenGround9.84' x 14.76'
BrGround10.50' x 12.47'
BrGround9.19' x 12.47'
Living2nd8.86' x 16.40'
Kitchen2nd6.56' x 13.12'
Br2nd9.84' x 11.48'
Br2nd11.15' x 11.48'
Br2nd6.56' x 11.48'
Toronto Market Statistics
Toronto Price Trend
177 Wallace Ave is a 5-bedroom 4-bathroom home listed for sale at $2,400,000, which is $284,473 (10.6%) lower than the average sold price of $2,684,473 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Toronto increased by $172,255 (6.9%) compared to the previous 30 day period (November 19 - December 18) and up $46,070 (1.7%) from the same time one year ago.
Inventory Change
There were 68 5-bedroom homes listed in Toronto over the last 30 days (December 19 - January 17), which is up 13.3% compared with the previous 30 day period (November 19 - December 18) and up 65.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Toronto typically sold ($300,715) (11.2%) below asking price over the last 30 days (December 19 - January 17), which represents a $197,054 decrease compared to the previous 30 day period (November 19 - December 18) and ($121,269) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Toronto over the last 30 days (December 19 - January 17) stood at 27.9%, down from 60.0% over the previous 30 days (November 19 - December 18) and down from 63.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Toronto stood at 46 days when successfully sold over the last 30 days (December 19 - January 17), compared to 98 days before being removed from the market upon being suspended or terminated.
Listing contracted with Proedge Realty Inc.
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