$999,900

For sale

524 Salem Avenue North, Toronto (Dovercourt-Wallace Emerson-Junction) - Single Family for Sale

524 Salem Avenue North, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H3E1

3 beds2 baths2 parking900 ft²17 × 127 ft (2,190 sq ft) lot sizeListed 193 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $999,900, it is attractively priced about 21% below the $1,259,000 median asking price in Toronto.

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Description

Welcome to 524 Salem Ave is a rare opportunity to own a charming, fully detached 2+1 bedroom, 2 bathroom bungalow in a prime Toronto location! Tucked away in the heart of the highly sought-after Davenport community, this hidden gem is just steps from Wychwood, Corso Italia, Regal Heights, and Dovercourt Village. Experience the perfect blend of character and convenience, surrounded by vibrant shops, trendy cafes, diverse restaurants, and excellent transit options. This meticulously maintained home showcases an updated eat-in kitchen with stainless steel appliances, soaring main-floor ceilings, a spacious two-car garage, and a separate entrance leading to a fully finished basement. With an impressive 89 Walk Score, this property also offers exciting potential for a future laneway suite. (id:66096)

Property Details

MLS®: W13048074
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 900 ft²
Lot Size: 17 × 127 ft (2,190 sq ft)
Frontage: 17 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Main level

Family room: 2.76 x 4.59 meters
Primary Bedroom: 2.78 x 3.2 meters
Bedroom 2: 2.3 x 2.93 meters
Kitchen: 3.69 x 3.44 meters

Basement

Dining room: 3.54 x 5.3 meters
Bedroom 3: 2.83 x 3.85 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Garage door opener, Water Heater
Flooring: Tile, Hardwood, Laminate, Parquet
Foundation: Concrete
Exterior: Brick
Lot Features: Irregular lot size, Lane

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

193d

Toronto (Dovercourt-Wallace Emerson-Junction) listings, avg age

54d

Price / ft²

$1,111

List price

$1000K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Dovercourt-Wallace Emerson-Junction) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX WEST REALTY INC. · DANNY GAUDIO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6H)

This home lists at $999,900, about 12.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 135% above the area median.

Median household income: $83,000
Population: 43,730
Median age: 38.4
Owner / renter: 49% / 52%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6H)

$999,900· $1,111/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,990

Min 7.50%50%

Mortgage payment$5,128/mo

↳ CMHC premium ($36,996 capitalized)

Property tax (est.)$421/mo

Total monthly$5,549

Cash Needed to Close

Down payment (7.50%)$74,990

Land transfer tax$32,946

Est. closing costs$5,500

Total cash needed$113,436

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