254 Salem Avenue, Toronto, ON

$1,149,000
MLS#:W10424252
3 beds
3 baths
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey semi-detached located in the coveted neighborhood of Dovercourt-Wallace Emerson-Junction. Expertly crafted featuring premium other and stone construction, this residence presents an exceptional opportunity offered at $1,149,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 3 Bathrooms
  • Premium 15.58 x 93.12 ft lot size
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Charming & thoughtfully updated family home features 3 bedrooms & 3 baths. An ideal blend of comfort & convenience, in the highly sought-after neighbourhood of Dovercourt Village. Nestled within 1 minute walk to the beautiful Dovercourt Park, enjoy starting your day with a cup of coffee on your front porch, taking in the views & the delightful neighbourhood ambiance. This home is perfect for those looking to embrace an urban lifestyle while enjoying the tranquility of a community park at your doorstep. Inside you'll be greeted by a bright and airy open layout highlighted by warm hardwood floors and elegant finishes. The main floor features a bright, spacious kitchen & dining area perfect for family gatherings or entertaining friends. The modern classic kitchen boasts stainless steel appliances, gas stove, quartz countertops, an abundance of cupboard space...perfect for culinary enthusiasts! Step outside from the family room, to the private backyard oasis, complete with covered porch, patio & garden, offering a peaceful retreat from the hustle and bustle of daily life. There is also a conveniently located new main floor powder room! The lower level boasts a cozy rec room, a full second bathroom & laundry - everything a busy household needs. Upstairs, you'll discover three sun-lit bedrooms, including a primary suite with ample closet space and a spacious third bathroom, ensuring comfort for everyone. Beyond the comforts of home, Dovercourt Park provides a welcoming community atmosphere with friendly neighbors. Enjoy easy access to public transit, fantastic shopping, trendy restaurants, cozy cafes, top-rated schools, and additional parks...only steps away. This location truly embodies the essence of easy urban living.

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Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 4, 2024
Sold price information is available to members only
Listed Date11/14/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style2-Storey
ConstructionOther, Stone
BasementFinished
Lot Size15.58 × 93.12 Feet
CountyToronto
Annual Tax$4,756.67
Legal DescriptionPT LT 1-2 BLK S PL 622 NORTH WEST ANNEX AS IN CT180183; CITY OF TORONTO

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Public Transit, Rec./Commun.Centre, School, Park

Interior Features

Carpet Free

Security Features

Community Features

Location

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254 Salem Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 254 Salem Avenue, Toronto W02, ON M6H 3C7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$229,800 (20.0%)
* Minimum Canadian down payment required for this price is $229,800.
Amortization Period25 Years
Estimated Monthly Payment$5,478Based on a loan of $919,200 over 25 years.
Purchase Price$1,149,000
Loan Amount$919,200
Provincial Land Transfer Tax:$19,455
Toronto Municipal Land Transfer Tax:$19,455
Total Estimated Closing Taxes:$38,910

About Purchasing a Home in Toronto, ON

For a property listed at $1,149,000 in Toronto, the legal minimum down payment is $229,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $19,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $19,455 also applies, bringing the total estimated land transfer taxes to $38,910.

Nearby Listings

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No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,165,432

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.