$1,229,999

$1,269,000For salePrice drop↓ $39,001 (3%)

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

274 Wallace Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6P3M9

4 beds3 baths0 parking1,300 ft²18 × 74 ft (1,295 sq ft) lot sizeListed 35 days ago

Overview

This 4-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Its $1,229,999 asking price sits right in line with the $1,259,000 median in Toronto. It has been on the market 35 days, fresher than the Toronto average of 55 days.

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Description

Stunning Semi-Detached, legal duplex in the Heart of The Junction! Welcome to 274 Wallace Ave, designed with an exceptionally functional open concept floor plan, ideally situated in one of Toronto's most sought-after neighbourhoods. Thoughtfully renovated from top to bottom, this turnkey property combines modern design, quality finishes, and versatile living space-perfect for homeowners, investors, or multi-generational families.The custom kitchen showcases granite countertops and quality finishes, complemented by beautiful hardwood flooring throughout. The second floor offers three spacious bedrooms, each featuring custom-built closet organizers, along with a luxurious 5-piece bathroom.The fully self-contained basement apartment offers excellent flexibility and income potential, complete with a separate entrance, full-size kitchen and appliances, dedicated washer and dryer, and separately metered hydro.Enjoy an unbeatable location just a short walk to Toronto Subway Line 2 (Bloor-Danforth), Lansdowne Station, the UP Express and GO Transit. Explore the vibrant neighbourhood with a mix of shops, cafés, restaurants and galleries, while being close to the Museum of Contemporary Art Toronto and the green spaces of High Park. A rare opportunity to own a beautifully updated home in a highly connected and vibrant Toronto neighbourhood. Move-in ready with exceptional space flexibility and income potential.View the Matterport virtual tour and floor plan for a closer look. Some pictures virtually staged. (id:66096)

Property Details

MLS®: W13850496
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Parking: 0
Interior Size: 1,300 ft²
Lot Size: 18 × 74 ft (1,295 sq ft)
Frontage: 18 ft
Storeys: 2
Basement: Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $5,117.97/yr
Listed: 35 days ago

Rooms

Main level

Living room: 5 x 3.25 meters
Dining room: 3.03 x 3.25 meters
Kitchen: 3.53 x 3.79 meters

Second level

Primary Bedroom: 4.09 x 3.08 meters
Bedroom: 4.55 x 2.37 meters
Bedroom: 3.64 x 2.16 meters

Lower level

Bedroom: 3.2 x 2.83 meters
Recreational, Games room: 7.13 x 3.19 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dishwasher, Dryer, Microwave, Two stoves, Two Refrigerators
Flooring: Hardwood, Laminate
Foundation: Unknown
Exterior: Stucco, Aluminum siding
Lot Features: Carpet Free, Guest Suite, In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

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

55d

Price / ft²

$946

List price

$1.23M

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 4-bed single family in Toronto (Dovercourt-Wallace Emerson-Junction) has been listed for 35 days, which is 20 days fresher than the city average of 55. Act while there is still low competition.

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Listed by KELLER WILLIAMS EMPOWERED REALTY · BRIAN COWAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6P)

This home lists at $1,229,999, about 14.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $240,262 (20% down, 25-yr amortization, stress-tested) — roughly 179% above the area median.

Median household income: $86,000
Population: 39,870
Median age: 39.2
Owner / renter: 43% / 58%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA M6P)

$1,229,999· $946/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.97% · $97,999.90

Min 7.97%50%

Mortgage payment$6,276/mo

↳ CMHC premium ($45,280 capitalized)

Property tax (est.)$426/mo

Total monthly$6,702

Cash Needed to Close

Down payment (7.97%)$98,000

Land transfer tax$42,150

Est. closing costs$6,190

Total cash needed$146,340

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice