122-20 Elsie Lane, Toronto, ON
Dovercourt-Wallace Emerson-Junction, Toronto · MLS® W13817906
About this home
In short
- Welcome to Brownstones on Wallace, one of Toronto's most sought-after west-end communities, where stylish urban living meets exceptional connectivity.
- This beautifully updated 2-bedroom+ den, two-storey home offers an ideal combination of modern finishes, functional living space, privacy and an unbeatable location.
- The open-concept main floor offers a spacious living and dining area, perfect for entertaining, with convenient laundry located right on the main level.
- Both bedrooms feature large windows that fill the rooms with natural light, while the spacious primary bedroom offers a walk-in closet.
- Additional highlights include a tankless water heater and one underground parking space, offering year-round convenience and protection from the elements...
Welcome to Brownstones on Wallace, one of Toronto's most sought-after west-end communities, where stylish urban living meets exceptional connectivity. This beautifully updated 2-bedroom+ den, two-storey home offers an ideal combination of modern finishes, functional living space, privacy and an unbeatable location. Recently refreshed and move-in ready, the home features a brand-new kitchen with granite countertops, generous cabinetry and full-size stainless-steel appliances. The open-concept main floor offers a spacious living and dining area, perfect for entertaining, with convenient laundry located right on the main level. A walk-out leads to your private terrace, where BBQsare permitted-an ideal space to relax, dine or entertain outdoors. Upstairs, creates a fresh and inviting atmosphere throughout the living areas. Both bedrooms feature large windows that fill the rooms with natural light, while the spacious primary bedroom offers a walk-in closet. The versatile den provides the perfect space for a home office, study or additional storage. Additional highlights include a tankless water heater and one underground parking space, offering year-round convenience and protection from the elements .Exceptionally well positioned for transit and city living, the UP Express and GO Transit are just a 5-minute walk away, providing approximately 10-minute access to downtown Toronto and25-minute access to Pearson International Airport. Dundas West Station is also within easy walking distance, providing seamless connections throughout the city and access to major transit routes. With this level of connectivity at your doorstep, convenient, car-free living is truly within reach.
Key facts
- Property type
- Condo Townhouse, 2-Storey
- MLS®
- W13817906
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2 (1 half)
- Size
- 800-899 sq ft
- Cross streets
- Dundas St W & Bloor St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Roof
- Shingles
- Maintenance
- $431/mo
- Exposure
- South
- Property tax
- $3,714 / 2026
- Days on market
- 27
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
ceramic floor · granite counters
walk-in closet(s) · broadloom
double closet · broadloom
w/o to terrace · hardwood floor
w/o to terrace · hardwood floor
open concept · broadloom
Listed at $734,900. Going by how homes in Dovercourt-Wallace Emerson-Junction and the wider GTA have actually closed against their asking prices (about 98%, 9 local closings in 90 days), the likely sale price is near $720K, if it sells. A realistic range is $678K to $779K.
Independent value check: $801K. Without looking at the asking price, our model values the home itself about 9% above the ask (homes like it typically land between $745K and $842K).
Why $801K. The typical townhouse sold in Dovercourt-Wallace Emerson-Junction over the past year went for about $803K (48 sales). What sets this one apart:
- ▼ Lowers it stronglyIt is 800 to 899 sq ft; the typical home sold here is 1,000 to 1,199.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $3,714 a year; the typical home sold here pays about $3,400.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $720K, from 9 recent closings in this pocket.
The market behind the math:
Price per square foot: this home lists at $865/sqft against an area asking average of $612/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $789K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Perth Avenue Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($865/sqft) is above the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Dovercourt-Wallace Emerson-Junction, so I widened the search to the surrounding area.
Based on 9 comparable homes that sold in Dovercourt-Wallace Emerson-Junction over the past two years, from 96 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market. Homes like this one have recently closed around $801K, which is where my estimate comes from.
Per square foot, these ask about $772/sqft; this home lists at $865/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condo townhouses in Toronto: $684K in September 2026, down 3% from a year ago, on 1,425 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $702K | 150 |
| November 2025 | $709K | 130 |
| December 2025 | $705K | 63 |
| January 2026 | $695K | 77 |
| February 2026 | $728K | 104 |
| March 2026 | $715K | 121 |
| April 2026 | $711K | 147 |
| May 2026 | $726K | 131 |
| June 2026 | $706K | 132 |
| July 2026 | $683K | 156 |
| August 2026 | $669K | 116 |
| September 2026 | $684K | 98 |
Neighbourhood & location
Dovercourt-Wallace Emerson-Junction, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 21, 2026); conventional rates run a little higher.
Mortgage amount $587,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,251
- Property tax
- $310
- Condo / maintenance fees
- $431
- Heating
- $0
- Estimated monthly cost
- $3,991
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,173
- Toronto municipal land transfer tax
- $11,173
- Estimated closing costs
- $22,346
Plus your down payment of $146,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $195,043
- Principal paid down
- $71,833
- Interest paid
- $123,210
- Balance remaining
- $516,087
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 51 whole-home leases in Dovercourt-Wallace Emerson-Junction signed at a median of $2,955 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,760. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.