Detached House for sale at 507 Salem Avenue, Toronto, Ontario, M6H 3C9 - Dovercourt-Wallace Emerson-Junction - MLS: W12388256

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507 Salem Avenue

Toronto, Ontario, M6H 3C9 - Dovercourt-Wallace Emerson-Junction

$1,299,000

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Neighbourhood

Dovercourt-Wallace Emerson-Junction
Major Intersection

Davenport/Dovercourt

Listed Since: 7 day(s)
Last update: today

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Overview

Property Type

Detached, 2-Storey
Bedrooms

3
Bathrooms

3
Basement

Fin W/O
Kitchen

1 + 1
Total Parking

2 (1 Detached Garage)
Lot Size

20x126 (Feet)
Taxes

$4,864.00 (2024)
Type

Freehold

Property Description

Property description for 507 Salem Avenue, Toronto

Welcome to this fully detached 3 bedroom, 3 bathroom home in the highly sought-after Dovercourt neighborhood. This beautiful home offers hints of original character & charm throughout and has been cared for by the same family for many years. From the moment you walk in, you'll notice the meticulous upkeep and the warm, inviting atmosphere that makes this home truly special. Perfect for growing families, the home offers a generous living space plus a finished basement with a separate entrance, complete with a kitchen, full bathroom, cantina, and laundry - ideal for extended family or potential rental income. The property features a laneway with exciting possibilities. Currently, there is a one-car garage, but there is potential to build a two-car garage or even a two-storey laneway house (laneway house report available). Located just steps from trendy Geary Avenue, you'll have access to wonderful bakeries, coffee shops, independent breweries, and fantastic eateries. Families will enjoy being close to wonderful schools and within walking distance to Earlscourt Park, Dovercourt Park, and several smaller green spaces. The brand-new Wallace Emerson Community Centre (over 80,000 sq ft) is also nearby at Dupont and Dufferin. This vibrant neighborhood boasts excellent schools and easy access to transit. You're close to the Bloor subway line and only a short commute to downtown Toronto.

Listed by RE/MAX PROFESSIONALS INC.

Property details

MLS #

W12388256
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

100+
Pool

None
Drive

Lane
Garage

Detached, 1 spaces
Total Parking

2
Family Room

N
Den

N
Exterior

Alum Siding
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

N
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W12388256
Sq. Ft

1100-1500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

100+
Pool

None
Drive

Lane
Garage

Detached, 1 spaces
Total Parking

2
Family Room

N
Den

N
Exterior

Alum Siding
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

N
Water View

n/a
Laundry Level

Main
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Kitchen

3.53 x 3.3 ft Main level

Tile Floor, W/O To Yard
Living

3.61 x 3.38 ft Main level

hardwood floor, Combined W/Dining
Dining

3.76 x 2.67 ft Main level

hardwood floor, Combined W/Living
Primary

3.45 x 4.67 ft Upper level

hardwood floor, Large Window
2nd Br

3.56 x 3.05 ft Upper level

Hardwood Floor
3rd Br

1.57 x 3.3 ft Upper level

Hardwood Floor
Rec

5.61 x 4.34 ft Lower level

Tile Floor
Laundry

3.2 x 2.18 ft Lower level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

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Local Real Estate Price Trends for Detached in Dovercourt-Wallace Emerson-Junction

Active listings

Average Selling Price of a Detached

August 2025

$1,671,600

Last 3 Months

$1,602,220

Last 12 Months

$1,644,840

August 2024

$1,806,250

Last 3 Months LY

$1,585,972

Last 12 Months LY

$1,477,785

Change

-7%

Change

11%

Historical Average Selling Price of a Detached in Dovercourt-Wallace Emerson-Junction

Average Selling Price

3 years ago

$1,310,000

Average Selling Price

5 years ago

$1,400,747

Average Selling Price

10 years ago

$862,758

Change

28%

Change

19%

Change

94%

Number of Detached Sold

August 2025

Last 3 Months

Last 12 Months

August 2024

Last 3 Months LY

Last 12 Months LY

Change

25%

Change

17%

Change

20%

How many days Detached takes to sell (DOM)

August 2025

Last 3 Months

Last 12 Months

August 2024

Last 3 Months LY

Last 12 Months LY

Change

67%

Change

19%

Change

22%

Average Selling price

Inventory Graph

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.