
502 Salem Avenue, Toronto W02
Toronto W02
$1,390,000
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
38
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,750/mo
Estimated from market price-to-rent ratios
Remarks
502 Salem Ave N - A Rare West-End Gem! Offered for the first time in 50 years! This cherished, detached two-storey family home sits on a larger 25 x 120-foot lot in the coveted Dovercourt-Wallace Emerson-Junction area. Nestled on a quiet, one-way street, this property offers the perfect blend of residential charm and urban pulse-located just steps from the trend-setting energy of Geary Avenue. | THE PROPERTY & POTENTIAL: A genuine blank canvas opportunity for renovators, builders, and savvy investors looking to design a custom dream home or develop a multi-unit property. + In-Law or Rental Potential: Features separate entrances to the main floor, second floor, and basement.+ Laneway Suite Potential: A laneway report is available, highlighting the opportunity to build a secondary dwelling for multi-generational living or maximum rental income. + Rare 10-Car Parking: Includes a detached 3-car garage (two doors on the private driveway, one on the laneway) plus a private driveway that accommodates an additional 7 vehicles. || LIFESTYLE & COMMUNITY: + Unmatched Urban Living: A Walk Score of 83 puts Toronto's best artisanal cafes, craft breweries, and independent boutiques right at your doorstep. + Green Space & Recreation: Minutes from Dovercourt Park (tennis courts, splash pad, and ice rink), Bartlett Parkette, and the Wallace Emerson Community Centre. + Excellent Connectivity: A commuter's dream with three nearby bus routes offering quick connections to the Bloor subway line. Enjoy close proximity to Corso Italia, Bloorcourt, and the Junction. | 502 Salem Ave N is a great opportunity to build equity in a rapidly evolving, vibrant revitalization area. Don't miss your chance to secure a detached foothold in one of the west end's hottest pockets.
MississaugaInvestor.ca
502 Salem Avenue
Detached · 4bd/3ba · ~1,750 sqft
$1,390,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.93%
Monthly Cash Flow
-$5,319/mo
Estimated Rent
$3,750/mo
Cash-on-Cash
-20.91%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,750 |
| Mortgage | −$6,398 |
| Property Tax | −$1,100 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,158 |
| Vacancy (5%) | −$188 |
| Cash Flow | -$5,319/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$45,000 |
| Vacancy (5%) | −$2,250 |
| Property Tax | −$13,205 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,900 |
| Annual NOI | $12,945 |
| Cap Rate | 0.93% |
Cash Required to Close
| Down Payment (20%) | $278,000 |
| Ontario Land Transfer Tax | $24,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $305,275 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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