For Sale
356 Wallace Avenue
Dovercourt-Wallace Emerson-Junction, Toronto, ON
$1,250,000
3+1Bd
3Ba
1,750+sqft
2Parking
23.28 x 125 ftlot
$714/sqft
DetachedMLS# W13349158Listed 2026-06-0685 DOM
Cooling
Central Air
Basement
Finished
On the market for 85 days — longer than average. The seller may be open to negotiation.
About this home
Rare opportunity to own a Detached Home currently configured with separate living spaces on Main and second floors + Loft and Finished Basement Apartment !!! This income property on a quiet , tree-lined street in Toronto's sought-after Junction Triangle, just steps to the West Toronto Railpath, transit, parks and vibrant west-end amenities. Flexible living across 3 levels with approximately $6,000/month in rental income potential, offering an ideal setup for investors or buyers looking to live in one level while generating income from the others. Smooth Ceiling with Pot Lights on Ground Floor. Each level (excluding loft area) features its own kitchen and bathroom, thoughtfully configured to support multi-unit living, extended family, or continued rental use. A fantastic opportunity to combine lifestyle, location, and income potential in one of Toronto's most dynamic west-end neighbourhoods.
Basement Apt
Rooms
Second Floor
| Bedroom | 3.26 × 2.99 m | Carpet Free Window Closet |
| Bedroom 2 | 3.51 × 3.95 m | Carpet Free Bay Window Closet |
| Kitchen | 2.31 × 3.42 m | Combined w/Dining Tile Floor Window |
Third Floor
| Loft | 7.88 × 2.91 m | Open Concept Window |
Basement
| Living Room | 3.88 × 3.42 m | Ceramic Floor Walk-Up |
| Bedroom | 3.52 × 3.05 m | Carpet Free Window |
| Kitchen | 3.30 × 2.87 m | Combined w/Dining Ceramic Floor |
Other
| Living Room | 3.26 × 3.77 m | Carpet Free Window |
| Bedroom | 4.42 × 3.49 m | Carpet Free |
| Kitchen | 4.04 × 3.43 m | Combined w/Dining Tile Floor W/O To Yard |
| Den | 2.19 × 3.25 m | Marble Floor Large Window |
Features
- Other
- Finished
- Walk-Up
- Central Air
- 2 1/2 Storey
Financials
Annual Taxes
$6,138.27
Estimated Rental Income
Entire property$3,200 – $4,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield3.1% – 4.6%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Days on market85 days
Buyer's MarketSeller's Market
Based on active listings in Toronto. Data updates daily.
Demographics — Toronto
Population
2,794,356
Avg Household Income
$102,000
Age Distribution
0-19
19%
20-34
24%
35-49
21%
50-64
19%
65+
17%
Ownership53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
74
/ 100
Walk Score
Very Walkable
60
/ 100
Transit Score
Good Transit
60
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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