524 Salem Ave N, Toronto

Name: 524 Salem Avenue N
SKU: W13048074
Price: 999900 CAD
Availability: InStock

2 Bed, 2 Bath Detached Home in Toronto

About 524 Salem Avenue North

Welcome to 524 Salem Ave is a rare opportunity to own a charming, fully detached 2+1 bedroom, 2 bathroom bungalow in a prime Toronto location! Tucked away in the heart of the highly sought-after Davenport community, this hidden gem is just steps from Wychwood, Corso Italia, Regal Heights, and Dovercourt Village. Experience the perfect blend of character and convenience, surrounded by vibrant shops, trendy cafes, diverse restaurants, and excellent transit options. This meticulously maintained home showcases an updated eat-in kitchen with stainless steel appliances, soaring main-floor ceilings, a spacious two-car garage, and a separate entrance leading to a fully finished basement. With an impressive 89 Walk Score, this property also offers exciting potential for a future laneway suite.

2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,428 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 524 Salem Ave N

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 700-1100 sq ftas stated on the listing
Parking: 2 spacesYes garage
Basement: Finished, Walk-Up

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 2

Interior

Basement: Finished · Walk-Up

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Bungalow
Property class: Detached

524 Salem Ave N Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® W13048074−$99,100 (9.0%)$999,900
Apr 27, 2026For saleListedThis listingMLS® W13048074$1,099,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 524 Salem Ave N Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 15,688 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $845,000
Average sold price: $1,080,552
Average days on market: 32
Homes sold: 9,303

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$845,000Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,639Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.

Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home524 Salem Avenue N 2 bd · 2 ba · 700 sqft	$999,900asking	$1,428	—	—
162 Chiltern Hill Road 3 bd · 3 ba · 1,500 sqft
238 Rose Park Drive 4 bd · 2 ba · 2,500 sqft
51 Pine Crescent 3 bd · 2 ba · 1,500 sqft
251 Boon Avenue 2 bd · 2 ba · 700 sqft
319 Indian Road 4 bd · 2 ba · 3,000 sqft
526 Melrose Avenue 4 bd · 3 ba · 1,500 sqft

162 Chiltern Hill Road
3 bd · 3 ba · 1,500 sqft
238 Rose Park Drive
4 bd · 2 ba · 2,500 sqft
51 Pine Crescent
3 bd · 2 ba · 1,500 sqft
251 Boon Avenue
2 bd · 2 ba · 700 sqft
319 Indian Road
4 bd · 2 ba · 3,000 sqft
526 Melrose Avenue
4 bd · 3 ba · 1,500 sqft

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Dufferin StationLine 21.5 km18 min walk
Ossington StationLine 21.5 km19 min walk
Lansdowne StationLine 21.7 km21 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Dufferin Station (Line 2)18 min walk
Ossington Station (Line 2)19 min walk
Lansdowne Station (Line 2)21 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Dufferin Station
1.5 km18 minClosest· Line 2
Homes near Dufferin Station
Ossington Station
1.5 km19 min· Line 2
Homes near Ossington Station
Lansdowne Station
1.7 km21 min· Line 2
Homes near Lansdowne Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 524 Salem Ave N. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 524 Salem Ave N

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $4,912; 20% down · 25 years · 5.5% assumed
Property tax: $550; 0.66% mill rate · ON
Total per month: $5,462; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$4,912

/mo

based on the purchase price of $999,900

Down payment20%

$199,980 cash

Amortization25 yr

$799,920 financed

Rate5.50%

$673,743 total interest

Principal54%$799,920

Interest46%$673,743

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Questions About 524 Salem Ave N

How much is 524 Salem Ave N listed for?

524 Salem Ave N is listed at $999,900 (MLS® W13048074). Summitly updates the price as soon as the MLS® record changes.

Is $999,900 a good price for 524 Salem Ave N?

Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 524 Salem Ave N changed?

Yes — it was first listed at $1,099,000 and is now $999,900, a drop of $99,100 (9.0%).

How many bedrooms and bathrooms does 524 Salem Ave N have?

524 Salem Ave N has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Toronto.

Is 524 Salem Ave N close to transit?

The nearest rapid-transit station is Dufferin Station (Line 2), about 1.5 km (about a 18-minute walk) in a straight line. Ossington Station is about 1.5 km (about a 19-minute walk), and Lansdowne Station is about 1.7 km (about a 21-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 524 Salem Ave N?

About $4,912 a month — principal and interest on $999,900 with 20% down ($199,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 524 Salem Ave N compare with other homes in Toronto?

Its asking price of $999,900 is about 18% above the median sold price in Toronto over the last 90 days, $845,000, across 9,303 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 524 Salem Ave N been sold before?

Summitly has no earlier MLS® sale or lease of 524 Salem Ave N on record from the last two years. Older records aren't shown under TRREB rules.

Where is 524 Salem Ave N?

524 Salem Ave N is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 524 Salem Ave N been on the market?

178 days — 524 Salem Ave N was listed on April 27, 2026.

What is the price per square foot of 524 Salem Ave N?

About $909 to $1,428 per square foot: the asking price of $999,900 over the 700–1,100 sq ft the listing gives as its size range.

Does 524 Salem Ave N have parking or a garage?

Yes — the listing gives 2 parking spaces. Garage: Yes.

What you should know

2 Bed, 2 Bath Detached Home in Toronto

About 524 Salem Avenue North

Inside 524 Salem Ave N

Features & systems

524 Salem Ave N Price & Sale History

How 524 Salem Ave N Compares to the Toronto Market

Toronto market, last 90 days

Recently sold nearby in Toronto

Living in Toronto: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 524 Salem Ave N

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Salem Avenue North? See what yours is worth

Zara, any time

A licensed local agent

See 524 Salem Ave N, Toronto in person

Similar homes for sale nearby in Toronto

Explore More Detached Homes in Toronto

2 Bed, 2 Bath Detached Home in Toronto

About 524 Salem Avenue North

Inside 524 Salem Ave N

Features & systems

524 Salem Ave N Price & Sale History

How 524 Salem Ave N Compares to the Toronto Market

Toronto market, last 90 days

Market pulse · Toronto

Recently sold nearby in Toronto

Living in Toronto: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 524 Salem Ave N

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Salem Avenue North? See what yours is worth

Zara, any time

A licensed local agent

See 524 Salem Ave N, Toronto in person

Questions About 524 Salem Ave N

How much is 524 Salem Ave N listed for?

Is $999,900 a good price for 524 Salem Ave N?

Has the price of 524 Salem Ave N changed?

How many bedrooms and bathrooms does 524 Salem Ave N have?

Is 524 Salem Ave N close to transit?

How much would the monthly mortgage be on 524 Salem Ave N?

How does 524 Salem Ave N compare with other homes in Toronto?

Has 524 Salem Ave N been sold before?

Where is 524 Salem Ave N?

How long has 524 Salem Ave N been on the market?

What is the price per square foot of 524 Salem Ave N?

Does 524 Salem Ave N have parking or a garage?

Similar homes for sale nearby in Toronto

Explore More Detached Homes in Toronto

Market pulse · Toronto

Transit nearby

Transit

Questions About 524 Salem Ave N

How much is 524 Salem Ave N listed for?

Is $999,900 a good price for 524 Salem Ave N?

Has the price of 524 Salem Ave N changed?

How many bedrooms and bathrooms does 524 Salem Ave N have?

Is 524 Salem Ave N close to transit?

How much would the monthly mortgage be on 524 Salem Ave N?

How does 524 Salem Ave N compare with other homes in Toronto?

Has 524 Salem Ave N been sold before?

Where is 524 Salem Ave N?

How long has 524 Salem Ave N been on the market?

What is the price per square foot of 524 Salem Ave N?

Does 524 Salem Ave N have parking or a garage?