197 Wallace Terr is a 3-bedroom, 1-bathroom detached home in 32, listed for $254,900.
1Updated & Ready for Its Next Owner!
2Offering 3 bedrooms and 2 bathrooms, the home features a convenient main-floor primary bedroom plus a finished basement with a second bathroom and 2 dens, providing plenty of additional living space.
3Features include efficient natural gas boiler heat, a detached garage, rear laneway access and a private backyard with mature trees.
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3 Bed, 1 Bath Detached Home in 32
About 197 Wallace Terrace
Updated & Ready for Its Next Owner! This solid brick 1.5-storey home in the city’s west end has seen recent repairs and improvements, including new kitchen flooring. Offering 3 bedrooms and 2 bathrooms, the home features a convenient main-floor primary bedroom plus a finished basement with a second bathroom and 2 dens, providing plenty of additional living space. Features include efficient natural gas boiler heat, a detached garage, rear laneway access and a private backyard with mature trees. Conveniently located close to schools, shopping, public transit, Algoma Steel and other west-end amenities. An excellent opportunity for first-time buyers, families or investors.
3 bedrooms, 1 bathroom. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 197 Wallace Terr
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Basement
Finished, Full
Features & systems
Parking & garage
Garage
Yes
Interior
Basement
Finished · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
197 Wallace Terr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14081854$254,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 197 Wallace Terr Compares to the 32 Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
There isn’t enough local sales data to estimate this home’s value yet. The comparable sales and market numbers are the best guide.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,252
/mo
based on the purchase price of $254,900
$50,980 cash
$203,920 financed
$171,754 total interest
Principal54%$203,920
Interest46%$171,754
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
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Questions About 197 Wallace Terr
How much is 197 Wallace Terr listed for?
197 Wallace Terr is listed at $254,900 (MLS® X14081854). Summitly updates the price as soon as the MLS® record changes.
Has the price of 197 Wallace Terr changed?
No — 197 Wallace Terr is still listed at its original asking price of $254,900.
How many bedrooms and bathrooms does 197 Wallace Terr have?
197 Wallace Terr has 3 bedrooms and 1 bathroom. It is a detached home in 32.
How much would the monthly mortgage be on 197 Wallace Terr?
About $1,252 a month — principal and interest on $254,900 with 20% down ($50,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Has 197 Wallace Terr been sold before?
Summitly has no earlier MLS® sale or lease of 197 Wallace Terr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 197 Wallace Terr?
197 Wallace Terr is in 32, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 197 Wallace Terr been on the market?
197 Wallace Terr was listed today (October 15, 2026).
Does 197 Wallace Terr have parking or a garage?
Garage: Yes.
Does 197 Wallace Terr have a basement, and is it finished?
The listing describes the basement as: Finished, Full.
What is the lot size of 197 Wallace Terr?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 197 Wallace Terr?
About $2,299 in Ontario land transfer tax at the asking price of $254,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 197 Wallace Terr or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
