524 Salem Ave N
Dovercourt-Wallace Emerson-Junction, Toronto, M6H 3E1
FOR SALE
$1,348,888
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS4 + 2
ROOMSW11821907
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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. 89 WalkScore! Potential to construct a Laneway Suite (Due Diligence Required)
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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
St Clair & Dufferin (24)
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Property Details
Street
Community
City
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
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 15.06' x 9.06' | Window, Parquet Floor |
| Prim Bdrm | Main | 10.50' x 9.12' | Window, Closet, Hardwood Floor |
| 2nd Br | Main | 9.61' x 7.55' | Window, Hardwood Floor |
| Kitchen | Main | 11.29' x 12.11' | Tile Floor, Marble Counter, W/O To Patio |
| Dining | Bsmt | 17.39' x 11.61' | Tile Floor, Fireplace, Walk-Up |
| 3rd Br | Bsmt | 12.63' x 9.28' | Laminate, Closet, Pot Lights |
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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 $306,749 (29.4%) higher than the average sold price of $1,042,139 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 2 bedroom home in Toronto declined by $111,757 (9.7%) compared to the previous 30 day period (November 18 - December 17) and up $77,074 (8.0%) from the same time one year ago.Inventory Change
There were 72 2-bedroom homes listed in Toronto over the last 30 days (December 18 - January 16), which is down 20.9% compared with the previous 30 day period (November 18 - December 17) and up 100.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Toronto typically sold ($16,217) (1.6%) below asking price over the last 30 days (December 18 - January 16), which represents a $14,365 decrease compared to the previous 30 day period (November 18 - December 17) and ($22,953) more 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 (December 18 - January 16) stood at 66.7%, down from 87.9% over the previous 30 days (November 18 - December 17) and down from 119.4% 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 34 days when successfully sold over the last 30 days (December 18 - January 16), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Premium One Realty
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