Low-Rise Condo

Wallace Station Lofts

by George Powers

371 Wallace Avenue, Toronto, ON M6P3N8

Year Built

2000

Total Units

Storeys

Available Units in Wallace Station Lofts

Units for sale

Units for rent

Live MLS · Updated daily

Overview

Modernists and minimalists alike, beware. The Wallace Station Lofts are bursting with character, history, and 100-year-old charm. For this reason, the hard lofts at 371 Wallace Avenue are likely to be swept up in a hurry by antique hunters or historians.

Even before one has the chance to enter the lofts themselves, the front entryway is enough to have some ready to say “I do.” The arched doorway leads into a wood-paneled foyer that immediately reminds residents and guests of times gone by.

And while the scarlet door has clearly received a coat of paint since then, the exterior was constructed back in 1929. The building at 371 Wallace Avenue was originally home to a factory where glue for stamps was produced. Historians may even have fun digging into the modern name for the building — the Wallace Station Lofts — that alludes to a railway station that once inhabited the neighbourhood.

Almost 80 years after its conception, the humble, red brick factory was finally converted into hard lofts fit for some very fortunate homeowners. During the renovation process, the structure was divided into just 38 units, maintaining an intimate atmosphere for residents and resulting in a modest number of Toronto condos for sale in the building.

Even while developers of the Wallace Station Lofts prioritized the preservation of the antique building, they still managed to slip in a couple of important amenities for current homeowners to enjoy. Parking, storage, and a gym make life easier for residents, while the party room is available for those who enjoy playing host.

Developer

George Powers

Year Built

2000

Property Type

Low-Rise Condo

Storeys

Total Units

Management

St George Property Management

Amenities

Security System

Fitness Centre

Rooftop Garden

Visitor Parking

BBQ Area

Bike Storage

Price History

11 records

Loading history…

Market Stats

Prices in Wallace Station Lofts are down 20.0% compared to last year.

—

Avg $/sqft

-20.0%

YoY change

Avg days on market

Location & Walkability

Walk Score

82/100

Daily errands on foot

Transit Score

100/100

TTC, GO, subway access

Bike Score

72/100

Bike lanes & infrastructure

Neighbourhood in Toronto

Dovercourt-Wallace Emerson-Junction

community-focused active accessible

Dovercourt-Wallace Emerson-Junction is a vibrant neighbourhood in Toronto. It offers a mix of amenities, parks, and schools, making it a great place to live.

Median rent is $1800

Dovercourt-Wallace Emerson-Junction, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

What it costsAffordability

Median asking price

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Convenient access to public transit
Many grocery stores nearby
Variety of dining options
Strong community feel

Keep in mind

Limited rental options available
Median rent is above city average

The feel of the placeLifestyle

Daily life here is active and community-oriented, with many local amenities. Residents enjoy easy access to parks and transit.

Great for young professionals first-time renters families

Within the boundaryWhat's nearby

The boundary

3.7 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 3.7 km² of Dovercourt-Wallace Emerson-Junction. From OpenStreetMap, as of 2026-10-19.

The schoolsWhich schools, and how they rate

6.9/10

Average rating of the 9 rated schools in this area

Elementary

Secondary

St Sebastian Catholic School
Catholic · Grades JK–8 · Toronto CDSB
10.0/109.5 over 5 yrs
1st of 3,045 Ontario elementary schools
250 students · EQAO 2024-2025
St Mary of the Angels Catholic School
Catholic · Grades JK–8 · Toronto CDSB
7.7/107.8 over 5 yrs
476th of 3,045 Ontario elementary schools
230 students · EQAO 2024-2025
St Anthony Catholic School
Catholic · Grades JK–8 · Toronto CDSB
7.4/106.6 over 5 yrs
626th of 3,045 Ontario elementary schools
205 students · EQAO 2024-2025
Pauline Junior Public School
Public · Grades JK–6 · Toronto DSB
7.0/106.9 over 5 yrs
888th of 3,045 Ontario elementary schools
210 students · EQAO 2024-2025
Hawthorne II Bilingual Alternative Junior School
Public · Grades JK–6 · Toronto DSB
6.8/107.1 over 5 yrs
1,026th of 3,045 Ontario elementary schools
155 students · EQAO 2024-2025
Dovercourt Public School
Public · Grades JK–8 · Toronto DSB
6.1/104.8 over 5 yrs
1,525th of 3,045 Ontario elementary schools
365 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Dovercourt-Wallace Emerson-Junction, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

35,862

Population (2021)

3.7 km²

Area

9,646

People per km²

38.6

Median age

$87,925

Median income

52%

Own their home

2.3

People per household

15,505

Households

Every age

Children (under 15)12.5%
Working age (15–64)73.6%
Seniors (65+)14.0%

What is built here

Detached houses10.5%
Semi-detached13.3%
Townhouses7.4%
Duplexes7.1%
Low-rise apartments42.5%
High-rise apartments17.8%
Other attached homes1.4%

Own or rent

52%Owners

48%Renters

Across 15,505 households

When it was built

Mostly 1960 or earlier

1960 or earlier50%
1961–198016%
1981–19906%
1991–20006%
2001–20054%
2006–20104%
2011–20156%
2016–20216%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

37.8%
Born outside Canada: 39.7%
Hold a degree or higher: 59.6%
Employment rate: 31.1%
Commute by transit: 48.7%
Commute by car: 1.6
Children per family: $77,354
Median income after tax: $108,748
Average household income: 10.8%
Living on a low income: $1,497/mo
Renters pay, per month: $1,653/mo
Owners pay, per month: $1,061,742
Median home value at census: 37.3%
Renters spending 30%+ of income on housing: 21.1%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 66 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)