Unknown for 177 Wallace Ave, Toronto Ontario M6H 1V3
18 days on Market

177 Wallace Ave, Toronto, Ontario M6H 1V3

Townhouse
5 + 2
4
- sqft
$2,400,000
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Townhouse
5 + 2
4
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$10,307/mo

Tax Amount (2024)$6,000/yr

Days On Market18 days


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 a very good 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%.


Property Details

Style2 1/2 Storey
View-
Age of property-
SqFt-
Lot Size1,887 SqFt(75 x 25.17)
Parking Spaces2
MLS ®NumberW11953973
Community NameWallace Emerson
Data SourceTRREB
Listing byPROEDGE REALTY INC.

Features

Heating: Radiant
Cooling: Window Unit
Fireplace
Basement: Finished, Sep Entrance

Ground Floor

Kitchen

4.50 x 3.00

Br

3.80 x 3.20

Br

3.80 x 2.80

Living

4.00 x 3.20


Features

Lot size: 1,887 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

Feb 3, 2025
ListedActive
$2,400,000
18 days on market
history photo preview39
Listing by trreb®
Property listed by PROEDGE REALTY INC., Brokerage

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Market Data - Wallace Emerson

Geo Zone Map ThumbnailWallace Emerson

Balanced Market

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

5 days

Compared to

2024

0 day

2023

0 day

2022

6 days

New Listings

Past 30 days

5 listings

Compared to

2024

0 listing

2023

0 listing

2022

0 listing

Units sold

Past 30 days

1 unit

Compared to

2024

0 unit

2023

0 unit

2022

3 units

Median Sold Price

Past 30 days

$1,731,250

Compared to

2022

$1,350,000


Population and Demographics

Overview

Total population 9151
Average household income $125,166

Age (%)

20 to 34
28%
35 to 49
26%
50 to 64
17%
0 to 19
15%
65 and plus
14%

Household composition (%)

Single family
53%
Single person
36%
Multi person
10%
Multi family
1%

Mother tongue (%)

English
63%
Portuguese
15%
Spanish
5%
Yue (Cantonese)
3%
Italian
2%
Vietnamese
2%
French
2%
Others
2%
Mandarin
2%

House tenancy (%)

Renters
50%
Owners
50%

Schools and amenities

Estimated Budget