48 Wallace Avenue, Toronto, ON M6H 1T5
Dovercourt-Wallace Emerson-Junction, Toronto · Near Dufferin And Wallace · View map
About this home
Renovated From Top To Bottom! Detached Triplex In The Sought-After Wallace Emerson Community Featuring Three Spacious, Self-Contained Two-Bedroom Units, Each With A Gorgeous Kitchen And Open Concept Living And Dining Rooms. Situated On A Generous Lot With A Beautiful Backyard, XL Two-Car Garage And Approved Laneway Suite. Shared Coin Laundry. An Excellent Investment Opportunity Or Ideal To Live In One Unit And Rent The Others! Main And Second-Floor Units Occupied By Excellent Tenants. Newly Updated And Refreshed Lower-Level Unit Is Vacant And Ready For A New Tenant Or Owner-Occupant!
The home
- Type
- Triplex
- Style
- 2-Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 4
- Basement bedrooms
- 2
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 12
- Basement
- Apartment
- Lot size
- 30 x 124 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Total parking
- 2
Taxes & other
- Property taxes
- $9,170/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Dufferin And Wallace
- Neighbourhood
- Dovercourt-Wallace Emerson-Junction
More
- Price per sq ft
- ~$889 (at 2,250 sq ft)
- MLS® number
- W14120630
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The home and its surroundings
- Carpet Free
- In-Law Capability
- Primary Bedroom - Main Floor
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
48 Wallace Avenue, Toronto, ON M6H 1T5
Dovercourt-Wallace Emerson-Junction, Toronto · Near Dufferin And Wallace
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Listing history for 48 Wallace Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 48 Wallace Avenue
Answers come straight from this home’s MLS® listing.
How much is 48 Wallace Avenue listed for, and what would it cost each month?
48 Wallace Avenue is listed for $1,999,999. With 20% down ($400,000), the mortgage payment would be roughly $8,067 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,832 a month, all in. That figure is an illustration, not a quote.
Is 48 Wallace Avenue freehold or a condo, and is there a monthly fee?
48 Wallace Avenue is a triplex in Dovercourt-Wallace Emerson-Junction, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 48 Wallace Avenue have?
48 Wallace Avenue has 4 bedrooms, plus 2 more bedrooms in the basement, and 3 bathrooms. The listing gives the style as 2-storey.
Does 48 Wallace Avenue have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. In total the listing counts 2 parking spaces.
Does 48 Wallace Avenue have a finished basement?
The listing describes the basement as apartment. It counts 2 bedrooms on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 48 Wallace Avenue?
48 Wallace Avenue is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 48 Wallace Avenue, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 30 x 124 ft.
How is 48 Wallace Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 48 Wallace Avenue?
Property taxes are $9,170 a year (2025), or about $764 a month.
Where is 48 Wallace Avenue?
48 Wallace Avenue is in the Dovercourt-Wallace Emerson-Junction community of Toronto. The nearest main intersection is Dufferin And Wallace. The postal code is M6H 1T5.
Is 48 Wallace Avenue still for sale?
Yes. It is an active listing (MLS® W14120630). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 48 Wallace Avenue asking?
Similar properties for sale nearby right now include 1440 DUFFERIN Street at $1,990,000 (5+1 bed), 3 Armstrong Avenue at $2,200,000 (3 bed) and 837 Gladstone Avenue at $1,469,000 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 48 Wallace Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 48 Wallace Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Dovercourt-Wallace Emerson-Junction, picked by style, size and price.
Triplex$1,990,0001440 DUFFERIN Street, Toronto5+1 bed · 4 bath · Dovercourt-Wallace Emerson-JunctionCourtesy of: RE/MAX ULTIMATE REALTY INC.View home →
Triplex$2,200,0003 Armstrong Avenue, Toronto3 bed · 3 bath · Dovercourt-Wallace Emerson-JunctionCourtesy of: HOMELIFE/ROMANO REALTY LTD.View home →
Duplex$1,469,000837 Gladstone Avenue, Toronto5 bed · 3 bath · Dovercourt-Wallace Emerson-JunctionCourtesy of: RE/MAX HALLMARK REALTY LTD.View home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.