497 Salem Avenue, Toronto, ON

$1,189,900
MLS#:W13555126
3 beds
3 baths
1100-1500 sqft
2.0 parking
Residential Freehold
497 Salem Avenue N, Toronto, ON M6H 3C9
⚠️

Property no longer active

This property was sold on July 18, 2026. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Dovercourt-Wallace Emerson-Junction. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,189,900 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 with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 22 x 126 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Carpet Free, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Bubbling with versatility, character, and endless potential, this detached home has all the right ingredients to stir up something truly magical.Behind its quaint, storybook exterior, framed by lush greenery and a welcoming covered porch, lies a home full of delightful surprises. The first two levels each feature an open-concept kitchen connected to a bright, airy living room, a well-proportioned and inviting bedroom, and a full bathroom. Where the upper level offers French doors opening to a Juliet balcony, the main floor is elevated by an oversized sliding door that floods the living space with natural light and creates a seamless connection to the backyard. Downstairs, a spacious finished flex space, additional full bathroom, and abundant storage add even more versatility.Step outside to discover an enchanting backyard where a spacious two-tier deck overlooks a low-maintenance fully-fenced yard nestled beneath a lush canopy of mature trees, creating the perfect balance of sunshine, shade, and privacy. Beyond the garden, you'll find the rare convenience of two-car laneway parking, completing a charming blend of flexibility, function, and future potential.This charmed home is located just steps from Geary Ave, one of Toronto's most vibrant and beloved streets in one of the city's most exciting and rapidly evolving communities. You'll find yourself surrounded by locally owned cafés, independent shops and restaurants, numerous parks, transit, and all the neighbourhood charm that makes this west end community so irresistible.This is one opportunity you won't want to let vanish.

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Property Summary

This detached home located at 497 Salem Avenue, Toronto is currently for sale and has been available on SousaSells for 24 days. This property is listed at $1,189,900 with an estimated mortgage of $3,961* per month. It has 3 beds, 3 bathrooms, and is 1100-1500 square feet. 497 Salem Avenue, Toronto is in the Dovercourt-Wallace Emerson-Junction neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 3 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Dovercourt-Wallace Emerson-Junction, Toronto.

Highly Recommended for Families
What We Love About This Home
  • 3 spacious bedroom layout offering versatile living space
  • 3 well-appointed bathrooms
  • 1100-1500 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Toronto.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 18, 2026
Sold price information is available to members only
Listed Date7/13/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementFinished
Lot Size22 × 126 Feet
CountyToronto
Annual Tax$5,724.14
Legal DescriptionPCL 80-6-H SEC M24; PT LT 80 E/S SALEM AV PL M24 TORONTO COMM AT A POINT IN THE ELY LIMIT OF SALEM AV DISTANT 23 FT NLY FROM THE SW ANGLE OF SAID LT 80

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

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

Interior Features

  • Carpet Free
  • Sump Pump

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 497 Salem Avenue, Toronto, ON

Q.What is the asking price for 497 Salem Avenue, Toronto, ON ?

The current listing price for 497 Salem Avenue, Toronto, ON in Dovercourt-Wallace Emerson-Junction, Toronto is $1,189,900.

Q.How many bedrooms and bathrooms does this property have?

This property features 3 bedrooms and 3 bathrooms across approximately 1100-1500 sqft.

Q.What property type and architectural style is 497 Salem Avenue, Toronto, ON ?

497 Salem Avenue, Toronto, ON is a Detached (2-Storey) featuring a Finished basement.

Q.What key property features does 497 Salem Avenue, Toronto, ON offer?

Key property features include: Rec./Commun.Centre, Public Transit, School, Fenced Yard, Park.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free, Sump Pump.

Q.Is parking available at this property?

Yes, this property offers parking space for 2.0 vehicles (None).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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497 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 497 Salem Avenue N, Toronto, ON M6H 3C9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$356,970 (30.0%)
* Minimum Canadian down payment required for this price is $237,980.
Amortization Period30 Years
Estimated Monthly Payment$3,961Based on a loan of $832,930 over 30 years.
Purchase Price$1,189,900
Loan Amount$832,930
Provincial Land Transfer Tax:$20,273
Toronto Municipal Land Transfer Tax:$20,273
Total Estimated Closing Taxes:$40,546

About Purchasing a Home in Toronto, ON

For a property listed at $1,189,900 in Toronto, the legal minimum down payment is $237,980 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 $20,273 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $20,273 also applies, bringing the total estimated land transfer taxes to $40,546.

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Toronto 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$1,263,092

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%

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Secondary Schools

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Toronto Demographic Home information

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.