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177 Wallace Av 4 Unit Apartment Building $1,224,800 USD ($306,200 USD/Unit) 6.29% Cap Rate Toronto, ON M6H 1V3
Investment Highlights
- The property benefits from proximity to local amenities, services, and transit options typical of a central Toronto location.
- The property may appeal to users or investors seeking a residential or redevelopment opportunity, subject to zoning and municipal approvals.
- The Toronto address offers convenient access to major roadways while remaining integrated within a mature neighbourhood setting.
Executive Summary
Welcome to 177 Wallace Ave with ***4 Separate Income-Generating Units**** Discover the perfect blend of classic charm and contemporary design in this fully renovated 2.5-storey home, including a finished basement suite with separate entrances. This is an exceptional opportunity for multi-family living or investors seeking high rental income in a thriving neighborhood.Property Highlights: Spacious & Modern Living Open-concept layout with large windows that bathe the space in natural light, creating a warm and inviting atmosphere. 4 Fully Equipped Kitchens Chef-inspired kitchens featuring stainless steel appliances, sleek quartz countertops, and custom cabinetry, perfect for cooking and entertaining. 7 Generously Sized Bedrooms Well-appointed rooms designed for comfort and privacy. 4 Stylishly Renovated Bathrooms Featuring glass-enclosed showers and modern fixtures. Private Outdoor Spaces Each of the three above-ground units includes its own private outdoor sitting area. Convenient Parking Private parking space for two suites. Prime Location Situated in the vibrant Dovercourt-Wallace Emerson-Junction (W02) neighborhood, just minutes from local shops, cafes, parks, schools, and transit options.This fully tenanted property (100% rental occupancy) is a rare find, offering both a stunning living space and an excellent investment opportunity. Dont miss your chance to own a completely renovated, high-income-generating home!
Property Facts
| Price | $1,224,800 USD | Apartment Style | Low-Rise |
| Price Per Unit | $306,200 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.29% | Building Size | 3,500 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Price | $1,224,800 USD |
| Price Per Unit | $306,200 USD |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (79)
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177 Wallace Av
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