Detached Brick Home with Three Kitchens in Junction Triangle

Property details for 356 Wallace Avenue, Toronto

Type: Residential
Bedrooms: 4
Bathrooms: 3
Lot Size: 23.3 x 125 FT
Stories: 2.5
Basement: Finished, Walk-up, N/A, N/A
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,138

Right in the Junction Triangle, you're a short walk to the West Toronto Railpath and Bishop Marrocco school half a kilometer away. It's a detached brick house with two stories plus a finished walk-up basement, totaling four bedrooms and three baths across all levels. Photos show tile, marble, and ceramic flooring throughout, with smooth ceilings and pot lights on the ground floor. Each level has its own kitchen and bathroom, including one in the basement with a living room and bedroom, making it easy to rent out separate units or host extended family. The lot measures 23.3 by 125 feet, so you get decent outdoor space with a storage shed. Two parking spots come with no garage. Built with forced air heating and central AC, it's listed at $1,499,000, which is above the nearby median of $1,198,000 but could bring in around $6,000 monthly from rentals. Taxes run $6,138 a year.

About 356 Wallace Avenue, Toronto — Property Score

Strong Investment Hot Market Great Location

Score: 68/100

Value

Priced 0.1% below area median of $1,499,999 based on 898 comparable properties nearby 70

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

3 bathrooms - typical for similarly priced properties 60

2,913 sqft lot - a compact lot for the area 55

Location

$98K median household income - above the Canadian average of $70K 79

92% of residents hold postsecondary credentials - a highly educated neighbourhood 98

62% homeownership rate - a balanced mix of owners and renters 73

36% of residents commute under 30 minutes - longer average commute times 59

9,488/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 46 days on market 100

+62.2% median price change over 1 month - rising prices in the area 100

23.6 months of housing supply - 1982 active listings with 84 sold last month (buyer's market) 40

Features

2-car garage - area average is 4 spots 80

Finished, Walk-up, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.41% effective tax rate ($6,138/yr) - very low tax burden 88

38% renter population - moderate rental market 75

Quality

Condition

Listing

30 photos provided - below the area average of 35 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.