40 Salisbury Ave
FOR SALE
$2,278,000
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4 + 1
BEDROOMS5
BATHROOMS1
KITCHENS8 + 1
ROOMSC9356218
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Property Description
Quietly situated in the heart of historic Cabbagetown, this rarely available 3-storey detached home has been fully modernized. Featuring 4 spacious bedrooms, it boasts an open-concept living space with solid core doors, engineered hardwood floors, custom cabinetry, and pot lights throughout. The chefs kitchen includes high-end European appliances and a large island with a breakfast area. The versatile 4th bedroom loft can easily transform into an office or rec room. The finished basement, complete with a separate entrance and wet bar, is perfect for a family retreat or home office. Convenient access to transit, shopping, and nearby parks.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-31 | 2024-07-26 | 56 | $2,099,000 | - | Suspended |
| 2024-03-29 | 2024-05-31 | 63 | $2,188,000 | - | Terminated |
| 2024-03-29 | 2024-05-21 | 53 | $2,188,000 | - | Suspended |
| 2023-09-20 | 2023-11-13 | 54 | $2,490,000 | - | Suspended |
| 2023-05-20 | 2023-09-21 | 124 | $2,299,000 | - | Terminated |
| 2023-05-09 | 2023-05-23 | 14 | $2,490,000 | - | Terminated |
| 2023-03-10 | 2023-05-04 | 55 | $2,490,000 | - | Terminated |
| 2023-02-02 | 2023-02-16 | 14 | $1,999,000 | - | Terminated |
| 2023-01-17 | 2023-01-30 | 13 | $2,490,000 | - | Terminated |
| 2022-11-30 | 2022-12-13 | 13 | $2,599,000 | - | Terminated |
| 2022-11-17 | 2022-11-30 | 13 | $2,199,999 | - | Terminated |
| 2021-09-08 | 2021-09-16 | 8 | $1,250,000 | $1,510,000 | Sold |
Extras
Fisher & Paykel Built-In Fridge, Double Oven,Stove Top, Range Hood, Dishwasher. Samsung Washer & Dryer. Gas Burner & Equipment (2022). Central A/C (2022). Windows (2022).
Nearby Intersections
Property Features
Park, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Lot Size
19' x 96'
Fronting
North
Taxes
$9,928 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 26.57' x 11.42' | Hardwood Floor, Open Concept, Pot Lights |
| Dining | Main | 26.57' x 11.42' | Hardwood Floor, Open Concept |
| Kitchen | Main | 21.92' x 9.84' | Hardwood Floor, Concrete Counter, B/I Appliances |
| Breakfast | Main | 21.92' x 9.84' | Hardwood Floor, Pot Lights, W/O To Yard |
| Prim Bdrm | 2nd | 12.60' x 14.17' | Hardwood Floor, 3 Pc Ensuite, B/I Closet |
| 2nd Br | 2nd | 10.33' x 8.33' | Hardwood Floor, B/I Closet |
| 3rd Br | 2nd | 9.25' x 10.01' | Hardwood Floor, Large Window |
| 4th Br | 3rd | 22.34' x 10.99' | Hardwood Floor, 3 Pc Ensuite, Pot Lights |
| 5th Br | Bsmt | 12.99' x 7.91' | Laminate, 3 Pc Bath, W/I Closet |
| Rec | Bsmt | 19.42' x 12.83' | Laminate, Wet Bar, W/O To Yard |
| Laundry | Bsmt | 6.17' x 4.07' | Laminate, Bar Sink |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
40 Salisbury Ave is a 4-bedroom 5-bathroom home listed for sale at $2,278,000, which is $686,484 (43.1%) higher than the average sold price of $1,591,516 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 4 bedroom home in Downtown Toronto declined by $319,576 (16.7%) compared to the previous 30 day period (November 18 - December 17) and down $91,149 (5.4%) from the same time one year ago.Inventory Change
There were 227 4-bedroom homes listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 21.5% compared with the previous 30 day period (November 18 - December 17) and up 72.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Downtown Toronto typically sold ($29,679) (1.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,645 increase compared to the previous 30 day period (November 18 - December 17) and ($81,790) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Downtown Toronto over the last 30 days (December 18 - January 16) stood at 53.7%, down from 77.9% over the previous 30 days (November 18 - December 17) and down from 72.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Downtown Toronto stood at 40 days when successfully sold over the last 30 days (December 18 - January 16), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with First Class Realty Inc.
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