Rare Dovercourt Fixer-Upper with Rental Basement

Property details for 65 Salem Avenue, Toronto

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 2
Lot Size: 18.8 x 131 FT
Stories: 1
Basement: Finished, Separate entrance, N/A, N/A
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $5,844 (2025)

This is a 4-bed, 2-bath detached bungalow on Salem Ave, a rare find in Dovercourt Village-first time on the market in over 50 years. You're getting a solid brick house on a 18.8 x 131 ft lot, with potential to build or renovate. Inside, the main floor has parquet floors (vinyl in the kitchen), two bedrooms, and a living room. The basement is finished with its own kitchen, two bedrooms, and a separate entrance, which means you could easily create a rental unit. Central air and forced air gas heating keep things comfortable. It's a fixer-upper, but the location is golden: a 10-minute walk to Dufferin Station, Dufferin Mall, and Dufferin Grove Park, with Bloor Street's shops and restaurants nearby. Prices here are climbing, with the median sold price around $1.04M and homes averaging 45 days on market. This one's priced at $999K, so you're getting a discount for the work needed. Perfect for renovators or investors looking to build equity in a hot neighborhood.

About 65 Salem Avenue, Toronto — Property Score

Strong Investment Hot Market Well Priced

Score: 71/100

Value

Priced 28.6% below area median of $1,399,900 based on 1039 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

2,463 sqft lot - a compact lot for the area 55

Location

$63K median household income - near the Canadian average of $70K 61

81% of residents hold postsecondary credentials - a highly educated neighbourhood 89

45% homeownership rate - a renter-majority neighbourhood 62

47% of residents commute under 30 minutes - good commuting convenience 67

9,986/km² population density - an urban neighbourhood 65

Market

Just listed - area average is 46 days on market 100

+14984.7% median price change over 1 month - rising prices in the area 100

33 months of housing supply - 3070 active listings with 93 sold last month (buyer's market) 40

Features

2-car garage - area average is 4.2 spots 80

Finished, Separate entrance, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.58% effective tax rate ($5,844/yr) - very low tax burden 83

56% renter population - strong rental demand in this area 98

Quality

Condition

Listing

25 photos provided - below the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.