This adorable bungalow on a huge lot with income suite is kind of a big deal.
This exceptionally cute 3+2 bedroom bungalow is the kind of opportunity that stops you in your tracks. For starters, this fully reno’d detached house looks fab – the interior has been tastefully designed. From the built-in seat in the doorway to the ensuite tucking into the principal bedroom it’s plain to see this home makes use of every inch.
The open concept living/dining/kitchen area has light hardwood floors which bring wonderful continuity to the space. The kitchen features stainless steel appliances, ample storage, Corian counters and hardware that stands out. At the front of the house, the bright private office offers a peaceful spot to work from home, a quiet place to read or a cozy third bedroom.
The office and the bedrooms have good-sized storage and windows.
Downstairs, you’ll find common laundry and the fully enclosed separate apartment. This two-bedroom suite has also been renovated with a bright bedroom, second room for home office or bedroom, cozy living/dining room and bath with tiled shower.
Outside, the yard is enormous. There is ample space to add addition later, or tear-down and start from scratch. There is a long drive with detached single car garage behind the house, and lots of green space to plant a garden, add a deck or both!
Whether you move in and take over the home as-is, rent the basement to save money (over $20,000/year income potential), move into the basement while you reno the upstairs, or tear down and rebuild, this home has endless potential.
5 Things We Love
- Location – walk to shops, breweries and more
- Opportunity – the lot is massive and the possibilities to top-up or tear down and rebuild are amazing.
- Income potential – rent out the basement to help pay off your mortgage and live upstairs. Basement apartment has its own side entrance
- Newly renovated – this space is brand new – new kitchens, new bathrooms, new windows, the works.
- Detached Garage – So much storage space with room in the driveway for cars!
About Wallace Emerson
Touted as the “Next West Queen West” Wallace Emerson is a neighbourhood that continues to evolve–from working-class roots to expensive tastes. A formerly low-income neighbourhood with traditionally Portuguese, Italian, and Korean, influences, it has, in recent years, become home to more avant-garde establishments and an influx of first time home buyers. Their investment in modern upgrades and artistic, eye-catching finishes has supercharged the demand for real estate in the area.
Streets in the Wallace Emerson area are generally narrower than other areas of the city with a plethora of laneways offering quiet, or busy passage from one ‘neck of these woods’ to the next – depending on which one you choose.
The Wallace Emerson Community centre on Dufferin, South of Dupont (slated for redevelopment and expansion), provides an ideal outlet for the neighbourhood. Swimming facilities, gym, and game rooms are available for use year-round. Outside tennis courts and ice rinks are attractions for both local families and house leagues. The pride of the community can be seen in its embrace of this centre and the locals who cherish it.
A reflection of the area’s mixed-use landscape, Wallace Emerson combines grit with quiet, arty, glamour. The overall vibe of Wallace Emerson is casual, artistic, culturally-rich, and hip. It excels at the art of variety. Tattoo parlours, daycares, wig shops, greasy spoons, upscale pubs, and local specialty shops coexist in harmony. Busy Bloor street sits comfortably beside quiet parkettes and unassuming residential side streets. Homes that look traditional on the outside are often filled with sleek new minimalist kitchen renovations, wide hardwood flooring, electric fireplaces and quirky finishes unique to the owner’s individual tastes. Local condos and loft conversions also mix old-with-new and offer a variety of options for people looking for funky alternatives.
Gone are the days when the area was considered a ‘diamond in the rough’, but there are still ‘hidden gems’ to be found within this diverse and unique area of Toronto real estate.