$1,999,999

For sale

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48 Wallace Avenue, Toronto (Dovercourt-Wallace Emerson-Junction) - Multi-family for Sale

48 Wallace Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1T5

6 beds3 baths2 parking ft²

12 Sarnia Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6P3P3

4 bd4 ba1 pk1,300 ft²Lot size 16 × 90 ft (1,440 sq ft)

Listed by PROPERTY.CA INC.

1063 Dufferin Street, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H4B5

For sale

25 days ago

$1.10M

1063 Dufferin Street, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H4B5

5 bd3 ba1,750 ft²Lot size 18 × 138 ft (2,429 sq ft)

Listed by ANJIA REALTY

837 Gladstone Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3J7

For salePrice drop

35 days ago

$1.47M$1.57M

↓ $100K (6%) price drop

837 Gladstone Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3J7

5 bd3 ba3 pk2,250 ft²Lot size 21 × 160 ft (3,312 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

3 Armstrong Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1V9

For sale

35 days ago

$2.20M

3 Armstrong Avenue, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H1V9

3 bd3 ba2 pk1,750 ft²Lot size 20 × 123 ft (2,456 sq ft)

Listed by HOMELIFE/ROMANO REALTY LTD.

Investment analysis

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$1,999,999

Toronto

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30 × 124 ft (3,720 sq ft) lot size

Overview

This multi-family property in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 8 days, fresher than the Toronto average of 56 days.

Multi-Family Properties for Sale in Toronto →All real estate in Toronto →

Description

Renovated From Top To Bottom! Detached Triplex In The Sought-After Wallace Emerson Community Featuring Three Spacious, Self-Contained Two-Bedroom Units, Each With A Gorgeous Kitchen And Open Concept Living And Dining Rooms. Situated On A Generous Lot With A Beautiful Backyard, XL Two-Car Garage And Approved Laneway Suite. Shared Coin Laundry. An Excellent Investment Opportunity Or Ideal To Live In One Unit And Rent The Others! Main And Second-Floor Units Occupied By Excellent Tenants. Newly Updated And Refreshed Lower-Level Unit Is Vacant And Ready For A New Tenant Or Owner-Occupant! (id:66096)

Property Details

MLS®: W14120630
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 3
Parking: 2
Interior Size: 2,250 ft²
Lot Size: 30 × 124 ft (3,720 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Property Tax: $9,170/yr
Listed: 8 days ago

Rooms

Main level

Primary Bedroom: 4.72 x 4.11 meters
Bedroom: 4.39 x 3.3 meters
Kitchen: 4.32 x 3.2 meters
Dining room: 2.62 x 2.41 meters
Living room: 3.96 x 3.71 meters

Lower level

Primary Bedroom: 3.99 x 3.33 meters
Bedroom: 3.99 x 3 meters
Kitchen: 4.37 x 2.39 meters
Dining room: 2.01 x 1.88 meters
Living room: 3.4 x 3.23 meters
Laundry room: 2.46 x 1.83 meters
Utility room: 2.59 x 1.98 meters

Second level

Primary Bedroom: 4.22 x 4.11 meters
Bedroom: 4.19 x 3.61 meters
Kitchen: 4.27 x 2.92 meters
Dining room: 2.9 x 2.29 meters
Living room: 4.32 x 3.63 meters

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

Features

Foundation: Block
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

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

56d

Price / ft²

$889

List price

$2.00M

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 6-bed multi-family in Toronto (Dovercourt-Wallace Emerson-Junction) has been listed for 8 days, which is 48 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · EMILY SONSHINE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6H)

This home lists at $1,999,999, about 24.1× the local median household income of $83,000.

Carrying it typically needs a household income of about $390,670 (20% down, 25-yr amortization, stress-tested) — roughly 371% 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)

$1,999,999· $889/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $399,999.80

Min 20%50%

Mortgage payment$8,529/mo

Property tax (est.)$764/mo

Total monthly$9,294

Cash Needed to Close

Down payment (20%)$400,000

Land transfer tax$72,950

Est. closing costs$8,500

Total cash needed$481,450

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