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.
For sale
C$1,649,000
151 Wallace Ave, Toronto, ON M6H 1V1
7beds
3baths
Single Family Residence
Built in ----
2,483.04 Square Feet Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Private backyardWalkout deckSunny balconySouth-facing backyardSummer bbqsSeparate entranceAbove-grade windows
- 37 days |
- 35 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: November 10, 2025 at 09:41am
Listed by:
MCCANN REALTY GROUP LTD.
Source: TRREB,MLS®#: W12505844
Originating MLS®#: Toronto Regional Real Estate Board
Originating MLS®#: Toronto Regional Real Estate BoardFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Bedroom
- Level: Basement
- Dimensions: 2.84 x 2.43
Bedroom
- Description: Bedroom 3
- Level: Second
- Area: 10.31 Square Meters
- Area source: Other
- Dimensions: 3.98 x 2.59
Bedroom
- Description: Kitchen
- Level: Main
- Area: 13.72 Square Meters
- Area source: Other
- Dimensions: 5.10 x 2.69
Bedroom 2
- Description: Primary Bedroom
- Level: Main
- Area: 11.61 Square Meters
- Area source: Other
- Dimensions: 4.16 x 2.79
Bedroom 2
- Level: Basement
- Dimensions: 2.69 x 2.24
Bedroom 2
- Description: Kitchen
- Level: Second
- Area: 9.47 Square Meters
- Area source: Other
- Dimensions: 3.70 x 2.56
Bedroom 3
- Description: Bathroom
- Level: Second
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 2.77 x 2.55
Kitchen
- Level: Basement
- Dimensions: 4.48 x 2.38
Kitchen
- Description: Family Room
- Level: Main
- Area: 13.34 Square Meters
- Area source: Other
- Dimensions: 4.57 x 2.92
Kitchen
- Description: Bedroom 2
- Level: Second
- Area: 10.98 Square Meters
- Area source: Other
- Dimensions: 3.98 x 2.76
Living room
- Description: Bathroom
- Level: Basement
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 2.45 x 3.31
Living room
- Description: Living Room
- Level: Main
- Area: 13.87 Square Meters
- Area source: Other
- Dimensions: 3.93 x 3.53
Heating
- Forced Air, Gas
Cooling
- Central Air
Features
- Separate Hydro Meter
- Flooring: Carpet Free
- Basement: Finished
- Has fireplace: No
Interior area
- Living area range: 1500-2000 null
Property
Parking
- Total spaces: 1
- Parking features: Front Yard Parking
Features
- Stories: 2
- Patio & porch: Deck, Porch
- Exterior features: Controlled Entry
- Pool features: None
Lot
- Size: 2,483.04 Square Feet
- Features: Fenced Yard, Library, Park, Public Transit, School, Rectangular Lot
Details
- Parcel number: 213110018
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Block
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Toronto
Financial & listing details
- Tax assessed value: C$2,024
- Annual tax amount: C$6,372
- Date on market: 11/4/2025
MCCANN REALTY GROUP LTD.
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Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: Dovercourt
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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