$1,250,000
356 Wallace Ave
Toronto W02, ON M6P 3P2
356 Wallace Ave, Toronto W02 — Listed at $1,250,000. 4 bedroom, 3 bathroom 2 1/2 Storey Detached. MLS® W13349158.
Possession · seller's timeline
Immediate
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Description
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.
Property Details
Property Insights
Listing Courtesy of: FIRST CLASS REALTY INC.
MLS® #W13349158
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. 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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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HouseIndex Take: 356 Wallace Avenue
This detached (2 1/2 Storey) is located in the Dovercourt-Wallace Emerson-Junction neighbourhood of Toronto.
The home offers 4+1 bedrooms, 3 bathrooms.
Features include a finished, walk-up basement, 2 parking spaces.
Additional details: lot dimensions of 23.28 × 125 feet.
Listed at $1,250,000 CAD with annual property taxes of $6,138.27 (2025).
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About Toronto Real Estate
This Detached is located in the Dovercourt-Wallace Emerson-Junction community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity. Detached homes in Toronto are in high demand among families seeking space, privacy, and long-term equity growth.