502 Salem Avenue N
Toronto (Dovercourt-Wallace Emerson-Junction), ON M6H 3E1
- 3+1Bedrooms
- 3Bathrooms
- 3Garage
- 1500–2000Sq Ft
- $5,640Tax
- 25×120 ftLot Size
Estimated Value:$1,317,549See Free Estimate Report
Property not available for sale or for rent.
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 502 Salem Avenue N, Toronto, Dovercourt-Wallace Emerson-Junction
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-06-23 | 2026-09-09 | Login to See Prices | Sold Conditional | w13477728 |
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About 502 Salem Avenue N, Toronto, Dovercourt-Wallace Emerson-Junction
Summarized Description
- First time on market in 50 years.
- Perfect for renovators and investors.
- Potential for multi-unit development.
- Includes rare 10-car parking.
- Steps from trendy Geary Avenue.
- Minutes from Dovercourt Park.
- Strong community amenities nearby.
- Opportunity to build equity in a vibrant area.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,640
- Land Transfer Tax Fee
- $48,550
Rental Items
- Rental Equipment
- Hot Water Tank (2009)
- Basement Type
- Separate Entrance
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick, Stone
- Roof
- Shingles, Flat
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 25.00 ft
- Lot Depth
- 120.00 ft
Inclusions
- Inclusions
- 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.
Exclusions
- Exclusions
- None.
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 3
- Parking Spaces
- 7
- Total Garage And Parking Spaces
- 10
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 1
- Washrooms
- 3
- Kitchens
- 3
Room sizes
- Living Room—Main level, Hardwood Floor, Ceiling Fan(s)
- Kitchen—Main level, Vinyl Floor
- Bedroom 3—Main level, Vinyl Floor
- Den—Main level, Vinyl Floor, Side Door, W/O To Deck
- Primary Bedroom—Second level, Vinyl Floor, Ceiling Fan(s), W/O To Balcony
- Bedroom 2—Second level, Vinyl Floor, Ceiling Fan(s)
- Kitchen—Second level, Vinyl Floor
- Den—Second level, Vinyl Floor, Side Door
- Bedroom 4—Basement level, Vinyl Floor
- Kitchen—Basement level, Vinyl Floor, Combined w/Living, Side Door
- Living Room—Basement level, Vinyl Floor, Combined w/Kitchen, Side Door
Washrooms
- 4-piece, Main
- 4-piece, Second
- 3-piece, Basement
- Municipality
- Toronto
- Neighbourhood
- Dovercourt-Wallace Emerson-Junction
- Main cross streets
- Davenport & Dovercourt
- Zoning
- R(d0.6*739)
- Directions
- https://maps.app.goo.gl/y69rJryEJ68ULBEEA
- MLS® number
- W13477728
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-09-09
- Listed on
- 2026-06-23
- Days on market
- 78 days
- Possession date
- 2026-10-05
- Possession type
- 90+ days
- Co-op commission
- 2.5% plus HST.
- Seller
- Listed by
- RIGHT AT HOME REALTY
Home Market Value
Current home valuation for 502 Salem Avenue N, Toronto, Dovercourt-Wallace Emerson-Junction, Toronto, ON. Listed for $1,390,000
HOMEH Estimate
$1,317,549
Estimated Sales Range
$1,207,838 - $1,482,116
HOMEH Estimate for 502 Salem Avenue N, Toronto, Dovercourt-Wallace Emerson-Junction
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $890,000 over $500K
$114,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $50,985 | $38,781 | $33,082 | $0 |
=Total mortgage | $1,325,615 | $1,289,781 | $1,214,582 | $1,112,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $6,472monthly | $6,297monthly | $5,930monthly | $5,429monthly |
Land Transfer Tax
$24,275
$24,275
$48,550
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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