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177 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction) — listed at $1. Earn buyer cashback at closing. No catches, just more money in your pocket.
Discover an exceptional investment opportunity in the highly sought-after Dovercourt-Wallace Emerson-Junction (W02) neighborhood. This beautifully renovated property combines timeless character with modern design and includes four self-contained units, including a finished basement suite with separate entrances, making it ideal for multi-generational living, owner-occupiers seeking rental income, or investors looking for strong cash flow. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Family room | Main level | 4 x 3.2 meters |
| Bedroom | Third level | 3.2 x 3.4 meters |
| Living room | Basement | 3.6 x 3.3 meters |
| Kitchen | Basement | 3.2 x 3.2 meters |
| Bedroom | Basement | 3.1 x 3.2 meters |
| Bedroom 2 | Basement | 3.1 x 3.2 meters |
| Kitchen | Main level | 4.5 x 3.2 meters |
| Bedroom | Main level | 3.8 x 3.2 meters |
| Bedroom 2 | Main level | 3.2 x 3.5 meters |
| Living room | Second level | 3.6 x 4 meters |
| Kitchen | Second level | 4.2 x 4.5 meters |
| Bedroom | Second level | 3.5 x 3.2 meters |
| Bedroom 2 | Second level | 3.6 x 3.3 meters |
| Living room | Third level | 2.6 x 3.2 meters |
| Kitchen | Third level | 1.8 x 2.1 meters |
How is the space laid out across floors?+
This is a 3-storey multi-family. The 7 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 177 WALLACE AVENUE a good fit for a growing family?+
With 7 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Dovercourt-Wallace Emerson-Junction) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,478, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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