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For saleMLS® W14034676

237 Wallace Avenue, Toronto, ON M6H 1V5

Dovercourt-Wallace Emerson-Junction · W02 · M6H 1V5

$1,695,000

$640 / sq ft

3 weeks on market

Bathrooms
2
Total area
2,647 sf
Lot
20.92 × 92.32 ft

What's special

  • Outside/surface garage
  • Yes

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About this property

A rare opportunity in the heart of the Junction Triangle creative community! Distinctive 2-storey freehold with common elements space at the 229 Wallace Lofts offering approx. 2,647 sq. ft. of area; 1,405 sq. ft. on the main floor + 1,242 sq. ft. on the second floor. Designed to inspire and built to make an impression, the space pairs dramatic industrial character with polished modern design: soaring 14' main floor and 10' upper floor ceiling heights, exposed structure and ductwork, polished concrete floors, masonry walls, abundant natural light, statement lighting, custom millwork and glass enclosed work areas create a workspace with undeniable grandeur. A private street entrance and expansive storefront facade create a strong presence off of Wallace Ave. Inside, the current layout features a striking reception with custom desk and wood slat canopy, sleek kitchenette, studio, private offices, server rooms, storage plus a washroom per each floor, including a shower upstairs. Separate entrances to each level provide exceptional flexibility for office, studio, creative or professional use. Front and rear access points, a rear terrace and laneway access add even more functionality. Fully outfitted with modernized forced air heating & cooling systems plus supplementary ductless heat pumps means working will be a breeze. Electrical, plumbing, HVAC and lighting improvements have all been completed. Minutes to amenities along Bloor St W, the TTC subway line and Bloor GO Station while the UP Express provides quick access downtown and Pearson Airport. Perfectly situated between cafés, restaurants, shops and a growing mix of creative, tech and professional businesses. Currently zoned E2.0 Employment: proposed uses and alterations subject to zoning, permits and approvals. This is a one of a kind workspace with serious style, flexibility and all with a remarkable street presence. Truly, a must see!

Property details

Property

Property type
office
Bathrooms
2
Interior size
2,647 sq ft
Lot size
20.92 × 92.32 ft
Zoning
E 2.0 (Employment; By-law 569-2013)
Possession
TBD

Interior

Heating
Other
Cooling
Yes

Exterior & services

Garage
Outside/Surface
Sewer
Sanitary+Storm

Costs

List price
$1,695,000
Property taxes
$16,777 / year (2026)
Price per sq ft
$640
Rental items
API security monitoring arrangement; two additional parking spaces leased from TCECC No. 2141. Transferability to be confirmed by Buyer. Security recording equipment and monitoring transferability subject to confirmation by Seller.

Listing

MLS® number
W14034676
Status
For sale
Listed
October 15, 2026
Days on market
21
Last updated
October 15, 2026
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES OXLEY REAL ESTAT

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 74% of comparable office listings in Toronto are asking less.

$323KMedian $690K$4.40M
This home
$640 / sq ft
Comparable median
$618 / sq ft

Based on 95 comparable active office listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $339,000
$339,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,497.56
Property tax (est.)
$1,398.07
Estimated monthly
$8,896

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$30,375
Toronto municipal
$30,375
Total due on closing
$60,750

An estimate on the asking price of $1,695,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES OXLEY REAL ESTAT. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,695,000

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