356 Wallace Avenue
Dovercourt-Wallace Emerson-Junction, Toronto
$1,098,000
Rare Opportunity To Own a Detached Home With Separate Living Spaces on Main, Second Floors With Loft, & Fully Finished Basement Apartment with A Private Walk-Up Entrance, Ideal for rental income or in-law suite! Carpet Free throughout Main & Second Floor. Separate Entrances For Each Unit, Offering Privacy And Convenience For All Occupants. Exterior Features: 2-Car Parking Spaces, Private Large Backyard Space For Entertaining Or Relaxing; Perfect For End-Users Or Investors, This Property Offers Modern Design, Functional Living Space! Unbeatable Location! Just Steps to Top-rated Schools, TTC, Subway Stations, High Park, Scenic Walking Trails, Grocery Stores, Restaurants, and more! A Fantastic Opportunity To Combine Lifestyle, Location, And Income Potential In One Of Toronto's Most Dynamic West-End Neighbourhoods. A Must-See!
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,138 |
| Lot Size | 23.28 ft x 125 ft |
| mls© Number | W14161094 |
| Listed By | FIRST CLASS REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,620
- Property tax
- $512
- Heat allowance
- $150
- Housing costs
- $6,282 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$193,000
gross annual household income
- Payment at 4%
- $4,621 / mo
- Cash down
- $219,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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