Active
177 Wallace Ave
Toronto Ontario, M6H 1V3
C$2,400,000
Active
7 Beds
4 Baths
Multi-family
This property at 177 Wallace Ave presents a fantastic investment opportunity! Its a detached triplex with separate utilities for each unit, and being just a few minutes walk from Lansdowne subway Station makes it even more desirable. With the a very good rental income, its a strong income-producing asset. The recent upgrades are impressive, too. The old radiant/boiler system has been replaced with a new HVAC system, which includes a new AC, furnace, and hot water tank. Over the past year, the property has seen significant renovations, including new plumbing, lighting, electrical fixtures, and upgraded kitchens and bathrooms. The exterior has been refreshed with a brand-new porch and stonework. All of this has resulted in a stylish and modern property, with over $300,000 invested into the upgrades. Rental occupancy is 100%.
W11953973
MLSⓇ ID
February 12, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
4
Fireplace
Yes
Cooling
Yes
Cooling Description
Window Unit
Heating
Yes
Heating Description
Radiant, Gas
Exterior/Building Features
Lot Size
0.04 Acres
Lot Features
Library, Public Transit, Rec Centre, School
Sewer
Sewers
Other Property Details
Area Name
Dovercourt-Wallace Emerson-Junction
Taxes
$6,000
Tax Frequency
Annually
Garage
No
Parking
None
Parking Total
2
View
No
County
Ontario
Municipality
Toronto
Water Source
Municipal
Pool
No
Pool Features
None
Courtesy of Listed by , PROEDGE REALTY INC.,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 3:08 PM UTC, 2/12/2025