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Price Change$1,399,000

356 Wallace Avenue

Dovercourt-Wallace Emerson-Junction, Toronto

$1,250,000

Detached|2 1/2 Storey
3 | 3 | 2
About this home

Rare opportunity to own a Detached Home currently configured with separate living spaces on Main and second floors + Loft and Finished Basement Apartment !!! This income property on a quiet , tree-lined street in Toronto's sought-after Junction Triangle, just steps to the West Toronto Railpath, transit, parks and vibrant west-end amenities. Flexible living across 3 levels with approximately $6,000/month in rental income potential, offering an ideal setup for investors or buyers looking to live in one level while generating income from the others. Smooth Ceiling with Pot Lights on Ground Floor. Each level (excluding loft area) features its own kitchen and bathroom, thoughtfully configured to support multi-unit living, extended family, or continued rental use. A fantastic opportunity to combine lifestyle, location, and income potential in one of Toronto's most dynamic west-end neighbourhoods.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,138
Lot Size23.28 ft x 125 ft
mls© NumberW13349158
Listed ByFIRST CLASS REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,398
Property tax
$512
Heat allowance
$150
Housing costs
$7,060 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $250,000
25-yr amortization

Income needed

$217,000

gross annual household income

Payment at 4%
$5,260 / mo
Cash down
$250,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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