48 Wallace Ave is a 4-bedroom, 3-bathroom triplex in Toronto, listed for $1,999,999. It has 2000-2500 sq ft of living space.
1Renovated From Top To Bottom!
2Detached 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.
3Situated On A Generous Lot With A Beautiful Backyard, XL Two-Car Garage And Approved Laneway Suite.
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!
4 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $1,000 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 48 Wallace Ave
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
Apartment
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
48 Wallace Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14120630$1,999,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 48 Wallace Ave Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$9,825
/mo
based on the purchase price of $1,999,999
$400,000 cash
$1,599,999 financed
$1,347,619 total interest
Principal54%$1,599,999
Interest46%$1,347,619
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.
Similar homes for sale nearby in Toronto
Other 4–7 bed homes for sale in Toronto around $2.0M.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4966.8%On average, homes sold at or above asking.
Active listings12,806Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 30 – Jul 29, 2026.
Based on 9,552 sales from Jul 29 – Oct 27, 2026 (6,950 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 48 Wallace Ave
How much is 48 Wallace Ave listed for?
48 Wallace Ave is listed at $1,999,999 (MLS® W14120630). Summitly updates the price as soon as the MLS® record changes.
Is $1,999,999 a good price for 48 Wallace Ave?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 48 Wallace Ave changed?
No — 48 Wallace Ave is still listed at its original asking price of $1,999,999.
How many bedrooms and bathrooms does 48 Wallace Ave have?
48 Wallace Ave has 4 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a triplex in Toronto.
How much would the monthly mortgage be on 48 Wallace Ave?
About $9,825 a month — principal and interest on $1,999,999 with 20% down ($400,000), 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.
How does 48 Wallace Ave compare with other homes in Toronto?
Its asking price of $1,999,999 is about 138% above the median sold price in Toronto over the last 90 days, $840,000, across 9,552 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 48 Wallace Ave been sold before?
Summitly has no earlier MLS® sale or lease of 48 Wallace Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 48 Wallace Ave?
48 Wallace Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 48 Wallace Ave been on the market?
48 Wallace Ave was listed today (October 27, 2026).
What is the price per square foot of 48 Wallace Ave?
About $800 to $1,000 per square foot: the asking price of $1,999,999 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 48 Wallace Ave have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 48 Wallace Ave have a basement, and is it finished?
