371 Wallace Ave 2
Dovercourt-Wallace Emerson-Junction, Toronto, M6P 3N8
FOR SALE
$779,000
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Property Description
Step into a piece of Torontos industrial history with this striking, genuine hard loft at Wallace Station Lofts. This building has just 38 suites, and they are seldom available for sale! It was constructed circa 1928 and converted to a condo in 2007. With soaring post and beam ceilings, exposed brick and duct work, this unit oozes character and history at every corner. Located in the heart of the Junction Triangle, this unique home offers a spacious, open-concept layout and one-of-a-kind detailing, in a very desirable area.There is ample space for a living and dining area, a separate bedroom, and a bathroom with a shower plus soaker tub. Residents have the benefit of the well-appointed gym and 2 visitor parking spots, and the building is pet-friendly! Surrounded by the eclectic energy of the Junction Triangle, you're steps away from local cafes, parks, the vibrant West Toronto Railpath. There's easy access to transit options like GO, UP Express and the Dundas West Stn. If you're looking for a unique, character-filled space that captures the essence of loft living, this Wallace Station gem is not to be missed!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2021-07-05 | 2021-07-12 | 7 | $549,000 | $731,800 | Sold |
Extras
Owned Napolean free-standing gas fireplace. Water heater upgraded Summer 2024, with ductwork to code installed. Electronic bathroom mirror not hooked up.
Nearby Intersections
Keele & Bloor (28)
Property Features
Cul De Sac, Library, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Loft
Approximate Sq.Ft.
600-699
Taxes
$2,711 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (1)
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 8.01' x 20.01' | Fireplace, Beamed, Track Lights |
Dining | Main | 6.99' x 8.01' | Combined W/Living, Beamed, Concrete Floor |
Kitchen | Main | 6.99' x 10.99' | Concrete Floor, B/I Dishwasher, Ceramic Back Splash |
Br | Main | 10.01' x 8.99' | Double Closet, Closet Organizers |
Bathroom | Main | 8.01' x 8.99' | 4 Pc Bath |
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Toronto Market Statistics
Toronto Price Trend
371 Wallace Ave 2 is a 1-bedroom 1-bathroom condo listed for sale at $779,000, which is $209,764 (36.9%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 1-bedroom condos in Toronto over the last 30 days (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Toronto stood at 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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