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    Toronto / West End / Dovercourt | Wallace Emerson-Junction

    2 - 371 Wallace Ave

    For SaleWallace Station Lofts
    $779,000
    1 Bed
    1 Bath
    1 Parking
    750 SQFT
    42 Days on Strata
    Est Sell Timeframe
    17 Days

    Listing History

    Unit Highlights

    Property Type:
    Hard Loft
    Maintenance Fees:
    $574/mth
    Taxes:
    $2,711 (2024)
    Cost Per Sqft:
    $1,039/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North
    Possession Date:
    November 29, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Parking
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Fireplace, Beamed, Track Lights
    20.01 x 8.01ft
    Dining
    Combined with Living, Beamed, Concrete Floor
    8.01 x 6.99ft
    Kitchen
    Concrete Floor, Built-in Dishwasher, Ceramic Back Splash
    10.99 x 6.99ft

    About this Listing

    Step into a piece of Torontos industrial history with this striking, genuine hard loft at Wallace Station Lofts. This building has just 38 suites, and they are seldom available for sale! It was constructed circa 1928 and converted to a condo in 2007. With soaring post and beam ceilings, exposed brick and duct work, this unit oozes character and history at every corner. Located in the heart of the Junction Triangle, this unique home offers a spacious, open-concept layout and one-of-a-kind detailing, in a very desirable area.There is ample space for a living and dining area, a separate bedroom, and a bathroom with a shower plus soaker tub. Residents have the benefit of the well-appointed gym and 2 visitor parking spots, and the building is pet-friendly! Surrounded by the eclectic energy of the Junction Triangle, you're steps away from local cafes, parks, the vibrant West Toronto Railpath. There's easy access to transit options like GO, UP Express and the Dundas West Stn. If you're looking for a unique, character-filled space that captures the essence of loft living, this Wallace Station gem is not to be missed!

    ExtrasOwned Napolean free-standing gas fireplace. Water heater upgraded Summer 2024, with ductwork to code installed. Electronic bathroom mirror not hooked up.

    exp realtyMLS® #W10429316

    Amenities

    BBQs Allowed
    Bike Storage
    Security System
    Gym Room
    Visitor Parking

    Explore Neighbourhood

    8/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    6,528
    Average Individual Income
    $61,552
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $106,287
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    22%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    41%
    High Rise Apartment
    27%
    Semi Detached
    23%
    Duplex
    4%
    Low Rise Apartment
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    59%
    Mandarin
    12%
    Cantonese
    12%
    Other
    10%
    Tagalog
    3%
    Tamil
    2%
    Arabic
    1%
    Armenian
    1%
    Education
    University and Above
    33%
    High School
    25%
    College
    16%
    None
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    21%
    Health & Related Fields
    13%
    Social Sciences
    10%
    Humanities
    8%
    Math & Computer Sciences
    6%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%

    Price Trends

    Maintenance Fees

    Wallace Station Lofts vs The Dovercourt | Wallace Emerson-Junction Area

    Building Trends At Wallace Station Lofts

    Days on Strata

    Units at Wallace Station Lofts spend an average of
    13
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    11%
    above
    the list price.

    Offer Competition

    Lofts in this building have a
    HIGH
    chance of receiving
    Multiple Offers
    compared to other buildings in Dovercourt | Wallace Emerson-Junction

    Turnover of Units

    On average, each unit is owned for
    4.7
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 40 condos in the Dovercourt | Wallace Emerson-Junction area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    Wallace Station Lofts offers the
    ?
    best value out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    Appreciation Rank

    Wallace Station Lofts has the
    ?
    highest ROI out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    Rental Yield

    Wallace Station Lofts yields the
    ?
    highest rent prices out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    High Demand

    Wallace Station Lofts is the
    ?
    most popular building out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    Transaction Insights at 371 Wallace Avenue

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$812,888 - $963,000No Data$1,240,000$1,004,999
    Avg. Cost Per SqftNo Data$929No Data$1,103$700
    Avg. Wait for Unit AvailabilityNo Data210 DaysNo Data884 Days429 Days
    Ratio of Units in Building7%64%5%17%11%

    Transactions vs Inventory

    Total number of units listed and sold in Dovercourt | Wallace Emerson-Junction