177 Wallace AVE new Save Request In-Person Tour Request Virtual Tour
Toronto W02,ON M6H 1V3
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Dovercourt-Wallace Emerson-Junction
MLS Listing ID W11953973
Style 2 1/2 Storey
Bedrooms 5
Annual Tax Amount $6,000
Tax Year 2024
Property Description
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%.
Location
Province ON
County Toronto
Community Dovercourt-Wallace Emerson-Junction
Area Toronto
Rooms
Family Room No
Basement Finished,Separate Entrance
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Separate Hydro Meter
Heating Yes
Cooling Window Unit(s)
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 25.17
Lot Depth 75.0
Total Parking Spaces 2
Building
Unit Features Library,Public Transit,Rec./Commun.Centre,School
Foundation Concrete Block