$849,900 - 2448 Wallace Avenue, Innisfil
Detached for Sale in Innisfil
- MLS Number
- N13214388
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Innisfil
- Listing Brokerage
- SUTTON GROUP INCENTIVE REALTY INC.
Welcome to 2448 Wallace Avenue in the heart of Innisfil - a spacious family home offering incredible versatility, multi-generational living potential, and a beautifully private setting surrounded by mature trees on an impressive 248 ft deep lot. With over-sized living spaces, updates, and parking for 8+ vehicles, this property is perfectly suited for growing families, investors, or those seeking flexible living arrangements.The main floor features a warm and inviting living room complete with a gas fireplace, along with a separate den that makes the perfect home office, playroom, or additional sitting area. The updated kitchen (2020) showcases stainless steel appliances, a gas stove, and convenient access to a covered porch and wraparound deck - an ideal space for entertaining or relaxing outdoors. A large formal dining room with sliding doors offers even more room to host family and friends. Convenient main floor laundry includes side-door access to the deck as well as direct entry to the heated double car garage. Upstairs, you'll find 3 spacious bedrooms including a generous primary bedroom featuring double closets and an ensuite with a soaker tub. The updated main bathroom offers double sinks, making busy mornings effortless for the whole family. The basement expands the living space with 2 additional bedrooms, a large recreation/living area, an updated bathroom, and abundant storage throughout. With a separate entrance, laundry hookups already in place, and plumbing/electrical ready for a secondary kitchen, the lower level presents an excellent opportunity for multi-generational living or future in-law suite potential. Outside, the private backyard offers endless possibilities, including an existing concrete pad ready for a future detached garage or workshop. Located within walking distance to schools, parks, and the beach, this is a rare opportunity to own a substantial family home in a desirable location with room to grow!
Estimate your monthly payments for this property
Estimated Payment
$4,360.43/mo
Includes CMHC insurance ($23,712)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Innisfil
Innisfil is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Innisfil
- •Convenient location in Innisfil
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Innisfil offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
2448 Wallace Avenue, Innisfil
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $567/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Innisfil are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Innisfil.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Innisfil properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,541 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.