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43.70° N · 79.40° W — Toronto & nearby · 9,673 homes for sale today43.70° N · 79.40° W — 9,673 homes today(647) 554-7436Saved

43.6637° N · 79.4389° W — Dovercourt-Wallace Emerson-Junction, Toronto — MLS® #W14120630

48 Wallace Ave

$1,999,999

Dovercourt-Wallace Emerson-Junction, Toronto, Ontario M6H 1T5

4+2
BedroomsBeds
3
BathroomsBaths
2000-2500 sqft2000-2500
SizeSq ft
30 x 124 ft
Lot sizeLot

Inquire about this listing

ToShemeer AhmadVALERY REAL ESTATE INC.
Or call Shemeer Ahmad(647) 554-7436

In short · from the listing record

48 Wallace Ave is a 4+2-bedroom, 3-bathroom triplex in Dovercourt-Wallace Emerson-Junction, Toronto, listed for sale at an asking price of $1,999,999 (MLS® W14120630).

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!

Listing readings

How it measures up

Scores from the listing record and the market around it.

  • 83Good

    Condition score

    3 documented update signals

    Listing age, structured features and disclosed update language; not an inspection.

  • 21Shortfall

    Cash flow quality

    −$3,889/mo against the cost of owning (20% down, 4.8%, 25 yrs)

    Median of 62 homes with 6 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.

Condition uses listing-record signals, not an inspection.

The data table

Every fact

Everything the board publishes for this home.

Tax
$9,170 / 2025
MLS® number
W14120630
Board
TRREB MLS®
Property Type
Triplex
Time on market
Size
2000-2500 sqft
Lot Size
30 x 124 ft
Listed on
Parking
2 Detached, 2 Parking

Listing history

Listing activity for 48 Wallace Ave, Toronto, Ontario

Date StartDate EndList PricePriceEventListing ID
Date StartN/AN/A$1,999,999N/AFor SaleW14120630

Inside

Room by room

From the listing.

Main5 rooms
  • Primary4.11 × 4.72 mcarpet free, Large Window, B/I Closet
  • Br3.3 × 4.39 m
  • Kitchen3.2 × 4.32 m
  • Dining2.41 × 2.62 m
  • Living3.71 × 3.96 mO/Looks Backyard
Lower7 rooms
  • Primary3.33 × 3.99 m
  • Br3.0 × 3.99 m
  • Kitchen2.39 × 4.37 m
  • Dining1.88 × 2.01 m
  • Living3.23 × 3.4 m
  • Laundry1.83 × 2.46 m
  • Utility1.98 × 2.59 m
2nd5 rooms
  • Primary4.11 × 4.22 m
  • Br3.61 × 4.19 m
  • Kitchen2.92 × 4.27 m
  • Dining2.29 × 2.9 m
  • Living3.63 × 4.32 m

Property

Property Type
Triplex
Style
2-Storey
Community
Dovercourt-Wallace Emerson-Junction
Municipality
Toronto

Building

Size
2000-2500 sqft
Construction
Brick

Inside

Bedrooms
4+2
Bathrooms
3
Bathroom Details
1 × 4pc 2nd, 1 × 4pc Main, 1 × 4pc Lower
Basement Type
Apartment
Kitchens
2

Parking

Garage Type
Detached
Garage
2
Additional Parking
0
Total Parking
2

Utilities

Water
Municipal
Cooling
Central Air
Heating Type
Forced Air

Land

Sewer
Sewers
Frontage
30 ft
Depth
124 ft
Lot Size
30 x 124 ft

Where it sits

The street and the area

Asking prices on the map.

Map and tour

Transit nearby

StationLinesDistance
Dufferin StationTTC subway: Line 2 Bloor-Danforth500 m
Lansdowne StationTTC subway: Line 2 Bloor-Danforth550 m
Ossington StationTTC subway: Line 2 Bloor-Danforth1 km
Bloor GOGO Transit train: KitchenerUP Express train1.2 km
Fairbank StationTTC light rail: Line 5 Eglinton3.7 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.

Around it

Triplex in Dovercourt-Wallace Emerson-Junction

Active listings only, today.

Multiplexes for sale in Dovercourt-Wallace Emerson-Junction right now

For sale now
7
Median asking price
$1.3M

Middle half: $1.1M to $1.99M

New in 7 days
0

1 in 28 days

Price cuts
14%

1 listing

This home is asking 54% above the median, higher than three quarters of them.

See all homes in Dovercourt-Wallace Emerson-Junction

Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.

Site report

What the record says

What the City and the conservation authority have on file for this address.

  • Heritage and ravineNone foundNot found on the Heritage Register
  • Heritage and ravineNone foundNot in a mapped Heritage Conservation District
  • Heritage and ravineNone foundNot in the mapped ravine protection area
  • ZoningR (d0.6) (x740)Residential zone (R) · Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(740)
  • Permits1 clearedBack Water Valve (Sewer only) Completed November 6, 2024
  • Signals nearby6 to note1045 DUFFERIN ST, Site plan, 400 m away · 1260 DUFFERIN ST, Plan of subdivision, 410 m away · 1260 DUFFERIN ST, Application, 410 m away · 1260 DUFFERIN ST, Official plan or zoning amendment, 410 m away · 213 EMERSON AVE, Official plan or zoning amendment, 470 m away · 1245 DUPONT ST, Application, 480 m away
  • ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
  • provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
  • wetlandNone in rangeNo mapped wetland within 120 m
  • aggregateNone in rangeNo licensed pit or quarry within 2 km
  • wellsNone in rangeNo recorded oil, gas or salt well within 250 m
  • railOn recordNearest rail line: 570 m
  • trailOn recordA trail on the Ontario trail network within 1 km
  • permitsOn record85 building permits issued within 250 m in the last 2 years
  • airportOn recordNearest airport: 4.8 km
  • parcelOn recordMapped parcel: about 3,480 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
  • water wellsNone in rangeNo water-supply well recorded within 250 m 2 test or monitoring holes also recorded.
  • npriOn record2 facilities within 1 km report pollutant releases to Environment Canada The nearest is Nitta Gelatin Canada, Inc. — Nitta Gelatin, 650 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
  • fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
  • electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
  • internet speedOn recordWired internet 50/10 Mbps or faster is listed at this location Fixed 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.
  • broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre 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.

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.

Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.

City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. 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. 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.

Lot

Lot area
3,720 sq ft346 m²
Street frontage
30 ft9.1 m
Depth
124 ft37.8 m
30 × 124 ftWALLACE AVE

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, measured by MPAC.

Land transfer tax on this home

Ontario land transfer tax
$36,475
Toronto municipal land transfer tax
$36,475
Total land transfer tax
$72,950
First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
−$8,475
Total for first-time buyers
$64,475
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 $1,999,999
$32,000
Ontario total
$36,475

Toronto’s municipal tax uses the same brackets at this price, so it adds another $36,475.

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Schools

Nearest schools

Straight-line distances. Check catchments with the board.

ElementaryEQAO average 2024–25

  • St Sebastian Catholic SchoolToronto CDSBCatholic · grades JK–890%Grade 6 average100 m
  • Pauline Junior Public SchoolToronto DSBPublic · grades JK–683%Grade 6 average100 m
  • St Anthony Catholic SchoolToronto CDSBCatholic · grades JK–872%Grade 6 average350 m
  • ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenirFrench-language Catholic · grades JK–660%Grade 6 average1.2 km

SecondaryGrade 9 math 2024–25

  • Bloor Collegiate InstituteToronto DSBPublic · grades 9–1269%Grade 9 math550 m
  • Caring and Safe School 4Toronto DSBPublic · grades 9–12—600 m
  • St Mary Catholic AcademyToronto CDSBCatholic · grades 9–1245%Grade 9 math900 m
  • École secondaire Toronto OuestConseil scolaire ViamondeFrench-language public · grades 9–1282%Grade 9 math1.2 km

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.

Searches this home is in

Keep looking

The ledger

What it costs to own

Worked out for this home. Change any number.

Price$1,999,999

A month, all in

$9,889

  • Mortgage$9,125
  • Property tax$764

A planning figure, not a quote.

Land transfer tax

$72,950

$64,475 for first-time buyers; Toronto adds its own tax.

Rent, similar homes

$6,000

a month, median asking rent of 62 similar homes in Toronto.

Community

Who lives around it

Similar homes

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Shemeer Ahmad

Shemeer AhmadVALERY REAL ESTATE INC.

Want to see it this week?

Ask me anything about this home, or what fair looks like nearby.

(647) 554-7436

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