177 Wallace Ave
Dovercourt-Wallace Emerson-Junction, Toronto, M6H 1V3
FOR SALE
$2,399,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
5 + 2
BEDROOMS4
BATHROOMS4
KITCHENS20
ROOMSW11989219
MLSIDContact Us
Property Description
Welcome to 177 Wallace Ave ***A LEGAL TRIPLEX *** with ***4 Income-Generating Units!**** Discover the perfect blend of classic charm and contemporary design in this fully renovated 2.5-storey home, including a finished basement suite with separate entrances. This is an exceptional opportunity for multi-family living or investors seeking high rental income in a thriving neighborhood.Property Highlights: Spacious & Modern Living Open-concept layout with large windows that bathe the space in natural light, creating a warm and inviting atmosphere. 4 Fully Equipped Kitchens Chef-inspired kitchens featuring stainless steel appliances, sleek quartz countertops, and custom cabinetry, perfect for cooking and entertaining. 7 Generously Sized Bedrooms Well-appointed rooms designed for comfort and privacy. 4 Stylishly Renovated Bathrooms Featuring glass-enclosed showers and modern fixtures. Private Outdoor Spaces Each of the three above-ground units includes its own private outdoor sitting area. Convenient Parking Private parking space for two suites. Prime Location Situated in the vibrant Dovercourt-Wallace Emerson-Junction (W02) neighborhood, just minutes from local shops, cafes, parks, schools, and transit options.This fully tenanted property (100% rental occupancy) is a rare find, offering both a stunning living space and an excellent investment opportunity. Dont miss your chance to own a completely renovated, high-income-generating home!
Call
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
Bloor & Dufferin (17)
Call
Property Details
Street
Community
City
Property Type
Triplex, 2 1/2 Storey
Lot Size
25' x 75'
Fronting
North
Taxes
$6,144 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
Call
Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 10.50' x 13.12' | Above Grade Window |
| Kitchen | Main | 10.50' x 14.76' | Granite Counter, Above Grade Window |
| Br | Main | 10.50' x 12.47' | Large Window |
| 2nd Br | Main | 12.47' x 10.50' | Large Window |
| Living | 2nd | 8.86' x 16.40' | |
| Kitchen | 2nd | 10.50' x 13.12' | Above Grade Window, Granite Counter |
| Br | 2nd | 12.47' x 11.48' | Large Window |
| 2nd Br | 2nd | 22.31' x 12.47' | Irregular Rm |
| Living | 3rd | 9.19' x 11.48' | W/O To Deck |
| Kitchen | 3rd | 7.22' x 8.20' | Above Grade Window, Granite Counter |
| Br | 3rd | 11.81' x 13.12' | Above Grade Window |
| Loft | 3rd | 19.69' x 19.69' | W/O To Deck |
Call
Toronto Market Statistics
Toronto Price Trend
177 Wallace Ave is a 5-bedroom 4-bathroom home listed for sale at $2,399,000, which is $141,260 (6.3%) higher than the average sold price of $2,257,740 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Toronto declined by $417,786 (15.6%) compared to the previous 30 day period (December 22 - January 20) and down $43,645 (1.9%) from the same time one year ago.Inventory Change
There were 122 5-bedroom homes listed in Toronto over the last 30 days (January 21 - February 19), which is up 71.8% compared with the previous 30 day period (December 22 - January 20) and up 60.5% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Toronto typically sold ($33,435) (1.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $266,747 increase compared to the previous 30 day period (December 22 - January 20) and ($36,659) more 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 (January 21 - February 19) stood at 31.1%, up from 26.8% over the previous 30 days (December 22 - January 20) and down from 48.7% 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 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Proedge Realty Inc.
Similar Listings
Welcome to 1250 Davenport Rd A Rare Turn-Key Investment Professionally rebuilt & reimagined with permits in 2021, this legal triplex was crafted for low-maintenance & high-end living to attract AAA tenants. Offered at a 4.5% cap rate, it offers two spacious 2-bedroom suites & a 3-bedroom ground-level suite with private walkout. Each unit includes separate entrances, private landscaped spaces & tenant-paid utilities via dedicated meters. Situated near Wychwood, Dovercourt, and Corso Italia, tenants enjoy fast access to transit, parks & amenities. Upgraded with gutted-to-bricks interior+exterior reno with all-new windows+doors, kitchens & baths, & full plumbing, electrical & HVAC overhaul & Industrial steel+glass features. Includes 3 laneway parking spots, a 1-car garage, & zoning certificate for a 3-level, 1,300+ sq ft laneway house. Upper & lower units are leased to AAA tenants paying market rents, and owner-occupied unit can be leased at market rate. Premium finishes, high-quality tenants, and thoughtful design for seamless management and stable cash flow - an ideal, low-maintenance investment opportunity for the discerning buyer. Don't miss this unique investment!
Call
An exceptional investment opportunity awaits with this fully renovated triplex, offering three beautifully designed 2-bedroom, 1-bathroom suites in a prime waterfront location. Each unit showcases thoughtful design work, featuring fully equipped kitchens with full-sized, state-of-the-art appliances, ensuite laundry, and spacious living areas, blending modern style with everyday comfort. The newly finished 2-bedroom basement unit boasts impressive 7-foot ceilings and in-floor heating, adding significant income potential while maintaining the same high-end finishes found throughout the property. Each suite includes its own independent heating and cooling systems, ensuring personalized comfort and energy efficiency. Ideally situated just steps from the beach and Queen St, this property offers stunning water views and unbeatable access to shops, dining, and transit. With parking for 4 cars, tenant convenience is a given. Whether you're looking to expand your investment portfolio or planning for the future, this property offers excellent flexibility providing strong rental income now, with the option to owner-occupy down the road while generating passive income. Don't miss this chance to own a turnkey, high-performing triplex in a sought-after waterfront neighbourhood.
Call
Attention Investors! This triplex is located in a great location currently undergoing rapid gentrification in the heart of Kensington-Chinatown! Get in while you still can! 3 separate units with 2 spacious bedrooms in each. Zoned for commercial use as well which makes it suitable for live/work model. Live in one unit and rent out others for steady monthly cash flows! Upgraded kitchen in each unit with quartz counters. Steps to trendy Queen West & Spadina. Only a short walking distance to the future Ontario Line subway station construction underway at Queen & Spadina (completion 2031). Shared parking at rear of building.
Call
Call