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.

©2025 Toronto Real Estate Board. All rights reserved. 

Data last updated 3:08 PM UTC, 2/12/2025

 

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