502 SALEM AVENUE N, Toronto (Dovercourt-Wallace Emerson-Junction)

$1,390,000

For sale: Detached

Detached at 502 SALEM AVENUE N, Toronto (Dovercourt-Wallace Emerson-Junction)
Property type
Detached
Bedrooms / bathrooms
4 bedrooms, 3 bathrooms
Living area
2,000 sqft
MLS®
MLS® W13477728
Neighbourhood
Dovercourt-Wallace Emerson-Junction

502 Salem Ave N - A Rare West-End Gem! Offered for the first time in 50 years! This cherished, detached two-storey family home sits on a larger 25 x 120-foot lot in the coveted Dovercourt-Wallace Emerson-Junction area. Nestled on a quiet, one-way street, this property offers the perfect blend of residential charm and urban pulse-located just steps from the trend-setting energy of Geary Avenue. | THE PROPERTY & POTENTIAL: A genuine blank canvas opportunity for renovators, builders, and savvy investors looking to design a custom dream home or develop a multi-unit property. + In-Law or Rental Potential: Features separate entrances to the main floor, second floor, and basement.+ Laneway Suite Potential: A laneway report is available, highlighting the opportunity to build a secondary dwelling for multi-generational living or maximum rental income. + Rare 10-Car Parking: Includes a detached 3-car garage (two doors on the private driveway, one on the laneway) plus a private driveway that accommodates an additional 7 vehicles. || LIFESTYLE & COMMUNITY: + Unmatched Urban Living: A Walk Score of 83 puts Toronto's best artisanal cafes, craft breweries, and independent boutiques right at your doorstep. + Green Space & Recreation: Minutes from Dovercourt Park (tennis courts, splash pad, and ice rink), Bartlett Parkette, and the Wallace Emerson Community Centre. + Excellent Connectivity: A commuter's dream with three nearby bus routes offering quick connections to the Bloor subway line. Enjoy close proximity to Corso Italia, Bloorcourt, and the Junction. | 502 Salem Ave N is a great opportunity to build equity in a rapidly evolving, vibrant revitalization area. Don't miss your chance to secure a detached foothold in one of the west end's hottest pockets.

Sold data

Detached homes in Toronto (Dovercourt-Wallace Emerson-Junction) — recent sold market

Detached homes in Toronto (Dovercourt-Wallace Emerson-Junction) took a median of 19 days to sell over the last 90 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 39, across 1,852 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 39 days.

The median sale price was $1,199,000.

Homes sold for about 3.1% below asking on average, so there was room to negotiate.

About 24% of sales closed above the list price.

Around 13% of sellers reduced their price before finding a buyer.

Median days to sell
19
Median sale price
$1,199,000
Sale-to-list ratio
96.9%
Sold above asking
24%

Based on 1,852 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Dovercourt-Wallace Emerson-Junction)

Toronto (Dovercourt-Wallace Emerson-Junction) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Dovercourt-Wallace Emerson-Junction)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 502 SALEM AVENUE N