House of the Week: $1.3 million for a former munitions warehouse in a Junction Triangle laneway

House of the Week: $1.3 million for a former munitions warehouse in a Junction Triangle laneway

House of the Week: 350 Wallace Avenue

Address: 350 Wallace Avenue
Neighbourhood: Dovercourt-Wallace-Emerson-Junction
Agent: Richard Silver, Sotheby’s International Realty Canada, Brokerage
Price: $1,325,000

The Place: A renovated former munitions warehouse from the 1850s, tucked into a laneway in the Junction Triangle.

Bragging Rights: This house once hosted Meg Ryan. It doubled as a movie studio while she was filming 2004’s Against the Ropes.

Big Selling Point: The main-floor open-concept studio space is equipped with a kitchen and bathroom, making it ideal as a home office, or even as a potential rental unit.

Possible Deal Breaker: The layout and design of the ex-industrial space are a little unusual. The new owners will have a home-decorating challenge ahead of them.

By the Numbers:

• $1,325,000
• $6,210.36 in property taxes (2013)
• 3,400 square feet
• 3 bedrooms
• 3 washrooms
• 2 storeys
• 2 kitchens
• 2 skylights
• 2-car parking
• 1 movie-star anecdote