$1,399,000
132 WALLACE AVENUE
Beds
4
Baths
3
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Dovercourt-Wallace Emerson-Junction). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Absolutely Stunning, Fully Renovated Detached Home with Income Potential! Welcome to this turnkey gem! A beautifully renovated 3+1 bedroom detached home featuring a fully finished basement apartment with a private walk-up entrance. Perfect for end-users or investors, this property offers modern design, functional living space, and a prime location. Recent Renovations (Completed Within the Last Month): Brand new chefs kitchen with stainless steel appliances, quartz countertops, rolling centre island, and stylish cabinetry, Engineered hardwood flooring throughout, Elegant pot lights and wrought iron pickets, Freshly painted interior with modern finishes, New front entry door, updated 4-piece main floor bathroom, and 3-piece second-floor bathroom, Full-size main floor washer & dryer, Roof approx. 3 years old; upgraded copper water line from house to city, Furnace approx. 9 years old; Basement Apartment: Fully finished with separate entrance, Ideal for rental income or in-law suite; Exterior Features: Detached 2-car garage at the rear, Private outdoor space for entertaining or relaxing; Versatile Layout: Potential to convert small upstairs bedroom into a third kitchen, creating a triplex for additional rental income; Unbeatable Location: Steps to top-rated schools, TTC, subway station, High Park, scenic walking trails, grocery stores, restaurants, and more! This home offers the perfect blend of modern style, thoughtful upgrades, and incredible investment potential all in a high-demand neighbourhood. A Must-See! Priced to Sell. Move-In Ready. A+++ (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Dovercourt-Wallace Emerson-Junction
- Common interest
- Freehold
- Lot dimensions
- 20.6 x 124 FT
- Bedrooms
- 3 above grade, 1 below grade
- Parking
- 2 total
- Stories
- 2
- On market
- Apr 27, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $5,207.31 (2025)
- Photos
- 36
- MLS#
- W13047608
- Area
- TORONTO_(DOVERCOURT-WALLACE_EMERSON-JUNCTION)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Flooring
Foundation
Cash on cash
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$8,569
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.