420 Salem Avenue, Toronto, ON
Dovercourt-Wallace Emerson-Junction, Toronto · MLS® W13493324
About this home
Wow! Look No Further! Renovated From Top To Bottom on Salem North. Too Much To List! This 3 Bedroom , 2 Bath Home With Garage Has It All! Updated Kitchen with Marble Counters & Upgraded Cabinets, Fauxwood Wide Laminate Throughout, Updated Full Bath, Oak Stairs, Private Separate Side Basement Entrance Leading to A Rec Room And More. Enjoy Entertaining With A Walk Out Large Deck and Private Rear Yard. Convenient front entrance mutual driveway leading to the rear. A separate Detached 1 Car Garage, Available Parking and A Private Patio Space at The Rear. CLOSE TO ALL AMENITIES, SUCH AS TRANSIT, SHOPS, RESTAURANTS, WALKING DISTANCE TO GEARY REVILAZATION AREA WHERE TAPAS BAR AND BREWERIES ARE AVAILABLE, THE POSSIBILITY OF BUILDING A GARDEN SUITE FOR ADDITION INCOME MAY BE AQUIRED, VERY TRENDY FOR YOUNG PROFESSIONALS.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- W13493324
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 21.08 × 87 ft
- Cross streets
- Dufferin/Davenport
- Parking
- 1 garage · 3 parking (detached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,466 / 2026
- Days on market
- 21
- Listing brokerage
- HOMELIFE PRINCIPLE REAL ESTATE
Rooms
granite counters · updated · stainless steel appl
laminate · window · closet
Window
laminate · combined w/dining · bay window
laminate · combined w/living · w/o to deck
laminate · window · closet
laminate · window · closet
Listed at $1,138,000, this home is about 18% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($875/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Dovercourt-Wallace Emerson-Junction, so I widened the search to the surrounding area.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.02M, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.43M
- Bathrooms −$15K
- Adjusts to $1.41M
That comparable adjusts to $1.41M; the $967K estimate above is the median of all 6 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Regal Road Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Dovercourt Rd at Geary Ave is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $967K, median of 6 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city.
- Value driver
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 2% above the area average of $854/sqft.
17 days longer than the Toronto average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Dovercourt-Wallace Emerson-Junction, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Dovercourt Rd at Geary Ave, about 240 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $910,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,858
- Property tax
- $372
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,230
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,235
- Toronto municipal land transfer tax
- $19,235
- Estimated closing costs
- $38,470
Plus your down payment of $227,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $291,494
- Principal paid down
- $115,940
- Interest paid
- $175,554
- Balance remaining
- $794,460
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE PRINCIPLE REAL ESTATE. MLS®/PropTx.