$1,649,000Asking Price
151 Wallace Avenue, Toronto W02, ON M6H 1V1
Wallace Emerson, Toronto
Live in style and invest wisely! Discover a rare opportunity in one of Toronto's most desirable neighborhoods - the vibrant Junction Triangle-Little Portugal. Welcome to 151 Wallace Avenue, a fully renovated and highly versatile property in the heart of a dynamic, fast-growing community. It is a legal duplex, perfect for investors, first-time buyers, or multi-generational living, this home offers exceptional flexibility. Enjoy income potential from two rental units, or easily convert it into a spacious single-family residence with a separate basement suite for added revenue. Ideal for house-sharing - live in one unit, rent out the other, and watch your equity grow! This turnkey property is fully leased at strong market rents - see attached financials. The main floor features a bright two-bedroom unit with access to a private backyard and a walkout deck perfect for relaxing. Upstairs, you'll find a three-bedroom suite with a renovated bath and a sunny balcony. The basement includes a separate entrance, above-grade windows, and large bedrooms - all with in-unit laundry. The south-facing backyard is perfect for summer BBQs and gatherings with friends and family, with one front yard parking spot and a second accommodated adjacently. This property has future potential for back extension and or garden suite to increase value. Location is unbeatable - steps from local cafés, bakeries, Toronto's best Korean fried chicken spots, breweries, and the TTC. This isn't just a home - it's a lifestyle investment in one of the city's most exciting communities with outstanding further growth potential.
Live in style and invest wisely! Discover a rare opportunity in one of Toronto's most desirable neighborhoods - the vibrant Junction Triangle-Little Portugal. Welcome to 151 Wallace Avenue, a fully renovated and highly versatile property in the heart of a dynamic, fast-growing community. It is a legal duplex, perfect for investors, first-time buyers, or multi-generational living, this home offers exceptional flexibility. Enjoy income potential from two rental units, or easily convert it into a spacious single-family residence with a separate basement suite for added revenue. Ideal for house-sharing - live in one unit, rent out the other, and watch your equity grow! This turnkey property is fully leased at strong market rents - see attached financials. The main floor features a bright two-bedroom unit with access to a private backyard and a walkout deck perfect for relaxing. Upstairs, you'll find a three-bedroom suite with a renovated bath and a sunny balcony. The basement includes a separate entrance, above-grade windows, and large bedrooms - all with in-unit laundry. The south-facing backyard is perfect for summer BBQs and gatherings with friends and family, with one front yard parking spot and a second accommodated adjacently. This property has future potential for back extension and or garden suite to increase value. Location is unbeatable - steps from local cafés, bakeries, Toronto's best Korean fried chicken spots, breweries, and the TTC. This isn't just a home - it's a lifestyle investment in one of the city's most exciting communities with outstanding further growth potential.
See MoreKey Info
- 2-Storey Detached
- 1-Car Driveway
- No Garage
- Wallace & Landsdowne
- 1500-2000 Approximate Sq Feet
- 51-99 Years Approximate Age
- Finished Basement
- 3 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 22.17 x 112 Feet
- < .50 Acreage
- Brick Exterior
- Taxes were $6,372 in 2025
Details
- No Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #W12505844
- MCCANN REALTY GROUP LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 11.98' x 11.55' | Open Concept, Stainless Steel Appliances |
 | 1 3-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
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.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
53%
of residents are
single and loving it.
53% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
56%
of residents
are renters.
56% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
44%
of residents are
university grads.
44% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$96K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 20% |
| Government | 10% |
| Business | 9% |
| Trades | 9% |
| Management | 7% |
Immigrants
42%
of residents were
born outside of Canada.
42% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
8.9% from Portugal
All-time
Birthplace - Recent
0.9% from India
Recent
Foreign Languages
Foreign Languages
| Portuguese | 15% |
| Spanish | 4% |
| Cantonese | 2% |
| Vietnamese | 2% |
| French | 2% |
Religions
Religions
| Christian | 59% |
| Muslim | 5% |
| Buddhist | 3% |
| Hindu | 3% |
| Jewish | 2% |
Social Housing
Social Housing Buildings
7
Social housing buildings
in the neighbourhood.
Shelters
Shelters
2
Homeless shelters in
the neighbourhood.
