$1,595,000Asking Price
Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of the existing 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged return OR, benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The property features a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintained building offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and one three-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strong rental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a community centre, and schools. Seller is a Registered Real Estate Agent (RREA).
Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of the existing 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged return OR, benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The property features a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintained building offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and one three-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strong rental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a community centre, and schools. Seller is a Registered Real Estate Agent (RREA).
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 2-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
| 1 3-Piece Bathroom | ||||
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Wallace Emerson, Toronto is a west Toronto neighbourhood notable for its singles, renters, education, law & public sector and arts & culture professionals, salespeople and tradespeople. It has a higher than average population of immigrants from Portugal, and Portuguese speakers. Residents tend to be younger with a significant number of adults aged 25 to 44.
Kids Per Family
1.1
kids per family
in the neighbourhood.
53%
of residents are
single and loving it.
53% singles
Toronto (50%)
56%
of residents
are renters.
56% renters
Toronto (47%)
44%
of residents are
university grads.
44% university grads
Toronto (48%)Average Household Income
$96K
is the average household
income in the neighbourhood.
Professions
| Sales | 20% |
| Government | 10% |
| Business | 9% |
| Trades | 9% |
| Management | 7% |
42%
of residents were
born outside of Canada.
42% immigrants
Toronto (48%)8.9% from Portugal
All-time
0.9% from India
Recent
Foreign Languages
| Portuguese | 15% |
| Spanish | 4% |
| Cantonese | 2% |
| Vietnamese | 2% |
| French | 2% |
Religions
| Christian | 59% |
| Muslim | 5% |
| Buddhist | 3% |
| Hindu | 3% |
| Jewish | 2% |
Social Housing Buildings
7
Social housing buildings
in the neighbourhood.
Shelters
2
Homeless shelters in
the neighbourhood.