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Price Change$1,099,000

524 Salem Avenue N

Dovercourt-Wallace Emerson-Junction, Toronto

$1,039,000

Detached|Bungalow
2 | 2 | 2
About this home

Welcome to 524 Salem Ave is a rare opportunity to own a charming, fully detached 2+1 bedroom, 2 bathroom bungalow in a prime Toronto location! Tucked away in the heart of the highly sought-after Davenport community, this hidden gem is just steps from Wychwood, Corso Italia, Regal Heights, and Dovercourt Village. Experience the perfect blend of character and convenience, surrounded by vibrant shops, trendy cafes, diverse restaurants, and excellent transit options. This meticulously maintained home showcases an updated eat-in kitchen with stainless steel appliances, soaring main-floor ceilings, a spacious two-car garage, and a separate entrance leading to a fully finished basement. With an impressive 89 Walk Score, this property also offers exciting potential for a future laneway suite.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,052
Lot Size17.17 ft x 127.31 ft
mls© NumberW13048074
Listed ByRE/MAX WEST REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,318
Property tax
$421
Heat allowance
$150
Housing costs
$5,889 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $207,800
25-yr amortization

Income needed

$181,000

gross annual household income

Payment at 4%
$4,372 / mo
Cash down
$207,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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