502 Salem Ave
Dovercourt-Wallace Emerson-Junction, Toronto, Ontario M6H 3E1
- Bedrooms
- 3+1
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $794at the range’s middle
- Lot
- 25 x 120 ft
- Tax a year
- $5,6402026 tax year
- Parking
- 103 detached
- Days on market
- Members
The brief
About 502 Salem Ave
502 Salem Ave is a 3+1-bedroom, 3-bathroom detached house in Dovercourt-Wallace Emerson-Junction, Toronto, listed for sale at an asking price of $1,390,000 (MLS® W13477728).
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall14/100−$3,112/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 homes with 4 bedrooms for lease in Dovercourt-Wallace Emerson-Junction right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,640 / 2026
- MLS® number
- W13477728
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 25 x 120 ft
- Listed on
- Parking
- 3 Detached, 10 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Dovercourt-Wallace Emerson-Junction
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Main, 1 × 4pc 2nd, 1 × 3pc Bsmt
- Basement Type
- Separate Entrance
- Kitchens
- 2
Parking
- Driveway
- Private, Lane
- Garage Type
- Detached
- Garage
- 3
- Additional Parking
- 7
- Total Parking
- 10
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 25 ft
- Depth
- 120 ft
- Lot Size
- 25 x 120 ft
Additional
- Foundation
- Concrete
- Roof
- Shingles, Flat
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 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.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 2.8 × 4.5 m | hardwood floor, Ceiling Fan | Main |
| Kitchen | 2.3 × 3.6 m | Vinyl Floor | Main |
| 3rd Br | 3.3 × 3.5 m | Vinyl Floor | Main |
| Den | 2.5 × 2.6 m | Vinyl Floor, Side Door, W/O To Deck | Main |
| Primary | 3.6 × 4.1 m | Vinyl Floor, Ceiling Fan, W/O To Balcony | 2nd |
| 2nd Br | 3.2 × 4.0 m | Vinyl Floor, Ceiling Fan | 2nd |
| Kitchen | 2.4 × 3.4 m | Vinyl Floor | 2nd |
| Den | 2.7 × 2.8 m | Vinyl Floor, Side Door | 2nd |
| 4th Br | 2.7 × 3.8 m | Vinyl Floor | Bsmt |
| Kitchen | 2.8 × 3.9 m | Vinyl Floor, Combined W/Living, Side Door | Bsmt |
| Living | 2.8 × 3.0 m | Vinyl Floor, Combined W/Kitchen, Side Door | Bsmt |
Listing history
Buy/sell history for 502 Salem Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,390,000 | N/A | Sc | W13477728 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $278,000
- Total mortgage amount
- $1,112,000
- Total interest payment
- $790,600
- Total purchase cost
- $2,180,600
- Mortgage payment
- $6,342/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
59%Monthly carrying cost
$6,812- Rent $3,700
- Shortfall $3,112
Rental income opens at $3,700, the median asking rent of 7 comparable homes for lease in Dovercourt-Wallace Emerson-Junction. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $24,275
- Toronto municipal land transfer tax
- $24,275
- Total land transfer tax
- $48,550
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $40,075
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,390,000
- $19,800
- Ontario total
- $24,275
Toronto’s municipal tax uses the same brackets at this price, so it adds another $24,275.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 3,000 sq ft279 m²
- Street frontage
- 25 ft7.6 m
- Depth
- 120 ft36.6 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m1 test or monitoring hole also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 67 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 5.5 km5.5 km
- Mapped parcel: about 3,320 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 370 m370 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is John E. Goudey Mfg Limited, 790 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
Zoning
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
1423 DUFFERIN STSite planApplication Received
Proposed 9-storey (28.5 metre) apartment, containing 60 residential units with a total of 3,817 square metres of residential GFA and 122 square metres of commercial GFA.
310 m away259 GEARY AVESite planUnder Review
530 m away1260 DUFFERIN STPlan of subdivisionUnder Review
Draft Plan of Subdivision to support the implementation of the OPA/ZBA applications for the site:a total of ±2,846 residential units in a mix of housing forms including ±2685 residential units and 150 affordable rental units; ±27,503m2 of retail and ±1,961m2 of commercial uses
650 m away1260 DUFFERIN STApplicationUnder Review
Part Lot Control application
650 m away1260 DUFFERIN STOfficial plan or zoning amendmentOMB Appeal
Official Plan and Zoning By-law Amendment to increase the approved height and density onsite to accomodate additional purpose built and affordable rental dwelling units. On Block 3, Tower 3A increases by 13 storeys and Tower 3B increases by 12 storeys for a total of 48 and 37 storeys, respectively. The proposal increases Block 4, Tower 4A by 12 storeys and Tower 4B by 11 storeys for a total of 44 and 34 storeys, respectively. A total of 3,547 dwelling units across five blocks are proposed, 634 of which are already approved and under construction.
650 m away888 DUPONT STSite planUnder Review
Site Plan Approval for a 19-storey residential building (62 metres), containing 17,509 square metres of gross floor area with a total of 251rental dwelling units.
700 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in Dovercourt-Wallace Emerson-Junction right now
- For sale now
- 23
- Median asking price
- $1.3M
- New in 7 days
- 1
- Price cuts
- 30%
Middle half: $1.21M to $1.58M
9 in 28 days
7 listings
This home is asking 7% above the median.
See all homes in Dovercourt-Wallace Emerson-JunctionAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Dufferin Station | TTC subway: Line 2 Bloor-Danforth | 1.4 km |
| Ossington Station | TTC subway: Line 2 Bloor-Danforth | 1.4 km |
| Lansdowne Station | TTC subway: Line 2 Bloor-Danforth | 1.6 km |
| Bloor GO | GO Transit train: KitchenerUP Express train | 2.1 km |
| Fairbank Station | TTC light rail: Line 5 Eglinton | 2.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Mary of the Angels Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 250 m | 80%Grade 6 average |
| Regal Road Junior Public SchoolToronto DSB | Public · grades JK–6 · French Immersion | 250 m | 74%Grade 6 average |
| Dovercourt Public SchoolToronto DSB | Public · grades JK–8 | 650 m | 59%Grade 6 average |
| ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 1.2 km | 60%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Oakwood Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 650 m | 44%Grade 9 math |
| Bloor Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.5 km | 69%Grade 9 math |
| St Mary Catholic AcademyToronto CDSB | Catholic · grades 9–12 | 1.7 km | 45%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 2.2 km | 82%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Dovercourt-Wallace Emerson-Junction are shown to signed-in members.