$1,390,000
Est. payment $6,155/moCalculate yours
502 Salem Avenue N, Toronto, ON M6H 3E1
Dovercourt-Wallace Emerson-Junction, Toronto, ON M6H 3E1
- 3 + 1 Beds
- 3 Baths
- 3 Garage
- 1,500 Sq Ft
Listing courtesy of RIGHT AT HOME REALTY MLS® W13477728
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- Sold Conditional
- Size
- 1,500 sqft
Interior
- Bedrooms
- 3 + 1
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Shingles, Flat
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 25 x 120 Feet
- Parking
- Detached garage · 10 total
- Zoning
- R(d0.6*739)
Financial
- Property Taxes
- $5,640 (2026)
Location
- Neighbourhood
- Dovercourt-Wallace Emerson-Junction
- Cross Street
- Davenport & Dovercourt
- Direction Faces
- West
Listing
- MLS® Number
- W13477728
- Days on Market
- 117
- Listed On
- 2026-06-23
- Possession
- See Schedule C
- Listed By
- RIGHT AT HOME REALTY
Rooms
Features
Interior
- None
Pool
- None
- Included
- Main: gas range and fridge. Second: gas range, fridge and bar fridge. All existing electrical light fixtures. All existing window coverings. Hardwood strip flooring under some carpet. Updated breaker panel, wiring, receptacles and switches. All in as-is condition.
- Excluded
- None.
- Rental items
- Hot Water Tank (2009)
Mortgage calculator
Estimated mortgage payment
$6,155 per month
- Principal and interest
- $6,155
- Property tax
- $470
- Condo fees
- $0
- Estimated monthly cost
- $6,625
Your mortgage
- Mortgage amount
- $1,112,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $734,386
Cash to close
- Down payment
- $278,000
- Land transfer tax (Ontario + Toronto)
- $48,550
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $326,550
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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