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$949,000

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170 Wallace Avenue, Toronto (Dovercourt-Wallace Emerson-Junction) - Single Family for Sale

170 Wallace Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1V2

7 beds4 baths2 parking900 ft²19 × 100 ft (1,880 sq ft) lot sizeListed 21 days ago

Overview

This 7-bedroom, 4-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $949,000, it is attractively priced about 25% below the $1,259,000 median asking price in Toronto. It has been on the market 21 days, fresher than the Toronto average of 54 days.

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Description

Fantastic Opportunity To Own A Spacious Detached Offering Incredible Income Potential In A Prime Urban Location! Featuring 5+2 Bedrooms, 4 Bathrooms, Multiple Self-Contained Living Areas, And A Detached Double Car Garage With Rear Lane Access *Bright Sun-Filled Rooms, High Ceilings, Functional Layouts, And A Private Upper Balcony Add To The Home's Appeal *The Kitchen Features Stainless Steel Appliances, Granite Countertops, And Walk-Out Access. Ideal For Investors Or Multi-Generational Families Seeking Versatile Living Space *Conveniently Located Just Minutes To Transit, Parks, Schools, Shopping, Restaurants, Dufferin Mall, High Park, And Easy Access To Downtown And The Financial District *A Rare Investment Opportunity With Endless Potential! (id:66096)

Property Details

MLS®: W14087640
Property Type: Single Family
Zoning: Residential
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 4
Parking: 2
Interior Size: 900 ft²
Lot Size: 19 × 100 ft (1,880 sq ft)
Frontage: 19 ft
Storeys: 2
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $5,761/yr

Rooms

Main level

Family room: 5.92 x 3.35 meters
Kitchen: 4.06 x 3.23 meters
Bathroom: 2.67 x 1.5 meters
Foyer: 2.26 x 1.04 meters
Bedroom: 3.33 x 3.18 meters

Basement

Bedroom: 3.15 x 3.1 meters
Bedroom: 3.66 x 2.03 meters

Second level

Bedroom 2: 3.33 x 3.2 meters
Bedroom 3: 3.18 x 2.97 meters

Features

Appliances: Refrigerator, Stove, Hood Fan, Window Coverings
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Dovercourt-Wallace Emerson-Junction) listings, avg age

54d

Price / ft²

$1,054

List price

$949K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 7-bed single family in Toronto (Dovercourt-Wallace Emerson-Junction) has been listed for 21 days, which is 33 days fresher than the city average of 54. Act while there is still low competition.

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Listed by EXP REALTY · ANDY ZHENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6H)

This home lists at $949,000, about 11.4× the local median household income of $83,000.

Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 123% above the area median.

Median household income: $83,000
Population: 43,730
Median age: 38.4
Owner / renter: 49% / 52%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6H)

$949,000· $1,054/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $69,900

Min 7.37%50%

Mortgage payment$4,874/mo

↳ CMHC premium ($35,164 capitalized)

Property tax (est.)$480/mo

Total monthly$5,354

Cash Needed to Close

Down payment (7.37%)$69,900

Land transfer tax$30,910

Est. closing costs$5,347

Total cash needed$106,157

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Open houses

170 Wallace Avenue, Toronto (Dovercourt-Wallace Emerson-Junction) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M6H)

Book a showing

Full Cost Breakdown