FOR SALE
$1,348,888
524 Salem Ave N, Toronto
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
524 Salem Ave N
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
4 + 2
ROOMS
W11821907
MLSID
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Property Description
Welcome to 524 Salem Ave. Embrace a Remarkable Chance to Possess a Charming, Fully Detached 2+1 Bedroom, 2 Bathroom Bungalow Nestled in a Prime Location! A Hidden Gem, smack dab, in the middle of the highly Sought-After Davenport area, steps from Wychwood, Corso Italia, Regal Heights and Dovercourt Village. You'll Enjoy the Character and Convenience this Area Offers, The Convenience of Shops, Restaurants, Cafes & excellent public transit options. This meticulously cared for home features an updated eat-in kitchen with stainless steel appliances, high Ceiling on main floor, large 2 Car Garage and Separate entrance to finished basement. Potential to construct a Laneway Suite (Due Diligence Required)
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-08-14 2024-11-29 107 $1,350,000 - Terminated
2024-04-18 2024-08-13 117 $1,399,900 - Terminated
Extras
Fridge, Stove, Dishwasher & Dryer. All Existing Window Coverings. All Existing Light Fixtures.
Nearby Intersections
Property Details
Street
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
17' x 127'
Lot Irregularities
refer to Geo warehouse report
Fronting
West
Taxes
$4,792 (2024)
Basement
Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
Lane
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
FamilyMain15.06' x 9.06'Window, Parquet Floor
Prim BdrmMain10.50' x 9.12'Window, Closet, Hardwood Floor
2nd BrMain9.61' x 7.55'Window, Hardwood Floor
KitchenMain11.29' x 12.11'Tile Floor, Marble Counter, W/O To Patio
DiningBsmt17.39' x 11.61'Tile Floor, Fireplace, Walk-Up
3rd BrBsmt12.63' x 9.28'Laminate, Closet, Pot Lights
Toronto Market Statistics
Toronto Price Trend
524 Salem Ave N is a 2-bedroom 2-bathroom home listed for sale at $1,348,888, which is $201,598 (17.6%) higher than the average sold price of $1,147,290 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 2 bedroom home in Toronto declined by $19,730 (1.7%) compared to the previous 30 day period (October 4 - November 2) and up $94,907 (9.0%) from the same time one year ago.
Inventory Change
There were 111 2-bedroom homes listed in Toronto over the last 30 days (November 3 - December 2), which is down 40.3% compared with the previous 30 day period (October 4 - November 2) and down 26.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Toronto typically sold ($2,516) (0.2%) below asking price over the last 30 days (November 3 - December 2), which represents a $3,279 increase compared to the previous 30 day period (October 4 - November 2) and $4,396 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Toronto over the last 30 days (November 3 - December 2) stood at 93.7%, up from 63.4% over the previous 30 days (October 4 - November 2) and up from 62.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Toronto stood at 32 days when successfully sold over the last 30 days (November 3 - December 2), compared to 56 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Premium One Realty
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