274 Wallace Ave
Dovercourt-Wallace Emerson-Junction, Toronto, Ontario M6P 3M9
- Bedrooms
- 3+1
- Bathrooms
- 3
- Size
- 1,100–1,500sq ft
- Per sq ft
- $946at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $5,1182026 tax year
- Parking
- 0none
- Days on market
- Members
The brief
About 274 Wallace Ave
274 Wallace Ave is a 3+1-bedroom, 3-bathroom semi-detached house in Dovercourt-Wallace Emerson-Junction, Toronto, listed for sale at an asking price of $1,229,999 (MLS® W13850496).
Stunning Semi-Detached, legal duplex in the Heart of The Junction! Welcome to 274 Wallace Ave, designed with an exceptionally functional open concept floor plan, ideally situated in one of Toronto's most sought-after neighbourhoods. Thoughtfully renovated from top to bottom, this turnkey property combines modern design, quality finishes, and versatile living space-perfect for homeowners, investors, or multi-generational families.The custom kitchen showcases granite countertops and quality finishes, complemented by beautiful hardwood flooring throughout. The second floor offers three spacious bedrooms, each featuring custom-built closet organizers, along with a luxurious 5-piece bathroom.The fully self-contained basement apartment offers excellent flexibility and income potential, complete with a separate entrance, full-size kitchen and appliances, dedicated washer and dryer, and separately metered hydro.Enjoy an unbeatable location just a short walk to Toronto Subway Line 2 (Bloor-Danforth), Lansdowne Station, the UP Express and GO Transit. Explore the vibrant neighbourhood with a mix of shops, cafés, restaurants and galleries, while being close to the Museum of Contemporary Art Toronto and the green spaces of High Park. A rare opportunity to own a beautifully updated home in a highly connected and vibrant Toronto neighbourhood. Move-in ready with exceptional space flexibility and income potential.View the Matterport virtual tour and floor plan for a closer look. Some pictures virtually staged.
Insights
Condition Score
Good83/1003 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall21/100−$2,338/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 homes with 4 bedrooms for lease in Dovercourt-Wallace Emerson-Junction right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,118 / 2026
- MLS® number
- W13850496
- Board
- TRREB MLS®
- Property Type
- Semi-Detached
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 17.5 x 74 ft
- Listed on
- Parking
- None, 0 Parking
Property details
Property
- Property Type
- Semi-Detached
- Style
- 2-Storey
- Community
- Dovercourt-Wallace Emerson-Junction
- Municipality
- Toronto
Building
- Size
- 1100-1500 sqft
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 3+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 5pc 2nd, 1 × 3pc Main, 1 × 3pc Lower
- Basement Type
- Apartment
- Kitchens
- 1
Parking
- Driveway
- None
- Garage Type
- None
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 17.5 ft
- Depth
- 74 ft
- Lot Size
- 17.5 x 74 ft
Additional
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- Two Fridges, Two Stoves, Two B/I Microwaves, Two Dishwashers. One set of full size washer/dryer, one set of apartment size washer/dryer (washer as -is). Basement A/C unit and wall mounted heaters.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.25 × 5.0 m | Open Concept, hardwood floor, Combined W/Dining | Main |
| Dining | 3.25 × 3.03 m | hardwood floor, Combined W/Living, Open Concept | Main |
| Kitchen | 3.789 × 3.529 m | Granite Counter, Stainless Steel Appl, Breakfast Bar | Main |
| Primary | 3.08 × 4.09 m | hardwood floor, South View, Closet | 2nd |
| Br | 2.37 × 4.547 m | Closet, Window, hardwood floor | 2nd |
| Br | 2.16 × 3.644 m | North View, hardwood floor, Window | 2nd |
| Br | 2.83 × 3.2 m | Window, Laminate, Closet | Lower |
| Rec | 3.19 × 7.133 m | Laminate, Open Concept | Lower |
Listing history
Buy/sell history for 274 Wallace Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,229,999 | N/A | Pc | W13850496 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $246,000
- Total mortgage amount
- $983,999
- Total interest payment
- $699,601
- Total purchase cost
- $1,929,600
- Mortgage payment
- $5,612/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
53%Monthly carrying cost
$6,038- Rent $3,700
- Shortfall $2,338
Rental income opens at $3,700, the median asking rent of 7 comparable homes for lease in Dovercourt-Wallace Emerson-Junction. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $21,075
- Toronto municipal land transfer tax
- $21,075
- Total land transfer tax
- $42,150
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $33,675
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,229,999
- $16,600
- Ontario total
- $21,075
Toronto’s municipal tax uses the same brackets at this price, so it adds another $21,075.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 1,295 sq ft120 m²
- Street frontage
- 17.5 ft5.3 m
- Depth
- 74 ft22.6 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m31 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 43 building permits issued within 250 m in the last 2 years250 m
- 2 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 5.1 km5.1 km
- Mapped parcel: about 1,190 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 70 m70 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Nitta Gelatin Canada, Inc. — Nitta Gelatin, 210 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (d0.6) (x751)By-law
569-2013Municipality
Toronto1 d0.6
Density: floor area is capped at 0.6 times the lot area.
2 x751
Site-specific exception 751: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(751)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
258 WALLACE AVEOfficial plan or zoning amendmentUnder Review
Standalone Official Plan Amendment application to redesignate the subject site from Core Employment Areas to Mixed Use Areas.
30 m away224 WALLACE AVEOfficial plan or zoning amendmentUnder Review
Standalone Official Plan Amendment application to redesignate the subject site from Core Employment Areas to Mixed Use Areas.
120 m away80 WARD STOfficial plan or zoning amendmentUnder Review
Standalone Official Plan Amendment application to redesignate the subject site from Core Employment Areas to Mixed Use Areas.
260 m away90 WARD STOfficial plan or zoning amendmentUnder Review
Standalone Official Plan Amendment application to redesignate the subject site from Core Employment Areas to Mixed Use Areas.
310 m away221 STERLING RDSite planUnder Review
Site Plan Approval for three residential towers of 27, 24 and 21 storeys in height. There will be a total gross floor area of 55,236.7 square metres and a total of 861 condominium units and 58 rental replacement units.
450 m away221 STERLING RDPlan of subdivisionAppeal Received
Draft Plan of Subdivision application to advance associated Site Plan Control Applicaiton (24 236349 STE 09 SA) to satisfy Ontario Land Tribunal interim order (OLT-22-003932) conditions to advance detailed design of the Interim and Ultimate Road Conditions for the Ruttan Street extension.
450 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Semi-detached homes for sale in Dovercourt-Wallace Emerson-Junction right now
- For sale now
- 22
- Median asking price
- $1.27M
- New in 7 days
- 2
- Price cuts
- 27%
Middle half: $1.12M to $1.39M
12 in 28 days
6 listings
This home is asking 4% below the median.
See all homes in Dovercourt-Wallace Emerson-JunctionAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Lansdowne Station | TTC subway: Line 2 Bloor-Danforth | 500 m |
| Bloor GO | GO Transit train: KitchenerUP Express train | 600 m |
| Dundas West Station | TTC subway: Line 2 Bloor-Danforth | 700 m |
| Dufferin Station | TTC subway: Line 2 Bloor-Danforth | 1 km |
| Caledonia Station | TTC light rail: Line 5 Eglinton | 3.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Perth Avenue Junior Public SchoolToronto DSB | Public · grades JK–6 · French Immersion | 400 m | 84%Grade 6 average |
| St Luigi Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 400 m | 36%Grade 3 average |
| St Sebastian Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 650 m | 90%Grade 6 average |
| École élémentaire Charles-SauriolConseil scolaire Viamonde | French-language public · grades JK–8 | 950 m | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Bishop Marrocco/Thomas Merton Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 700 m | 41%Grade 9 math |
| Caring and Safe School 4Toronto DSB | Public · grades 9–12 | 900 m | — |
| Bloor Collegiate InstituteToronto DSB | Public · grades 9–12 | 900 m | 69%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 1.1 km | 82%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Recently sold nearby
Sold prices in Dovercourt-Wallace Emerson-Junction are shown to signed-in members.