86 Salem Avenue, Toronto, ON

$2,799,000
MLS#:W11978249
4 beds
4 baths
2000-2500 sqft
2.0 parking
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This listing is no longer active (Sold)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 detached located in the coveted neighborhood of Dovercourt-Wallace Emerson-Junction. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,799,000 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.

  • 4 Bedrooms and 4 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 25 x 130 ft lot
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Carpet Free, Storage
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

When our clients first stepped through the front door in 2002, they didn't see a dream home - they saw a blank canvas. So they got to work, putting care into every space, every corner, and every detail to make it their own. What began as a project became a home. Over the years, that home became the backdrop to a life well lived. It adapted, expanded and embraced each chapter - offering space for a renter upstairs in the early years, then growing alongside their family as their needs changed. At 86 Salem Ave, life unfolded in ways big and small. A child's first steps and gentle falls. Sleepovers filled with laughter, quiet movie nights with freshly popped popcorn. And at the heart of it all - the kitchen. Designed for comfort and connection, just as perfect for slow Sunday breakfasts as it was for milestone celebrations that filled the house with friends, family. Whether it was an intimate dinner or a gathering that stretched long into the night, the kitchen always rose to the occasion. Mornings here will likely begin by the bay window, coffee in hand, as the neighbourhood stirs to life. On those magical days when you're up with the rising sun, you'll feel its warmth spilling through the glass igniting the day ahead. 86 Salem isn't just a house - its a space that evolves with you. A place where each day adds another brushstroke to the life you're creating. Whether its quiet solitude or the joyful chaos of a full house, this home is ready to shape your story and hold the ones still waiting to be written. A home is more than walls and a roof - it's the rhythm of the streets, the neighbours who wave hello, the daily rituals that make a place your own. It's coffee from The Common, a quick subway ride to endless possibilities, the unspoken energy of a community that feels like home the moment you arrive. And this is where you don't just live - you belong.

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 26, 2025
Sold price information is available to members only
Listed Date2/19/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Stucco (Plaster)
BasementPartially Finished
Lot Size25 × 130 Feet
CountyToronto
Annual Tax$8,612.08
Legal DescriptionPT LT 34 BLK E PL 622 NORTH WEST ANNEX AS IN CA266321; CITY OF TORONTO

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Arts Centre, Hospital, Park, Place Of Worship, Public Transit, School

Interior Features

Carpet Free, Storage

Security Features

Community Features

Location

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86 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 86 Salem Avenue, Toronto W02, ON M6H 3C1

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$559,800 (20.0%)
* Minimum Canadian down payment required for this price is $559,800.
Amortization Period25 Years
Estimated Monthly Payment$13,344Based on a loan of $2,239,200 over 25 years.
Purchase Price$2,799,000
Loan Amount$2,239,200
Provincial Land Transfer Tax:$56,450
Toronto Municipal Land Transfer Tax:$56,450
Total Estimated Closing Taxes:$112,900

About Purchasing a Home in Toronto, ON

For a property listed at $2,799,000 in Toronto, the legal minimum down payment is $559,800 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 $56,450 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $56,450 also applies, bringing the total estimated land transfer taxes to $112,900.

Nearby Listings

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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$1,165,759

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.