$1,149,000Asking Price
515 Salem Avenue N, Toronto W02, ON M6H 3C9
Davenport, Toronto
Come take a look at this fantastic property! A perfect chance to get into the Toronto investment market. Both units are spacious, providing immediate cash flow from day one. Looking for future upside? A laneway report is available, showing the potential to add a laneway house and further increase rental income. Located in a prime area, walk to the St. Clair streetcar, Bloor subway line, and the exciting Galleria redevelopment. Whether you're an investor looking for turnkey rental income or planning to maximize future potential, this property checks all the boxes. Don't miss on this opportunity!
Come take a look at this fantastic property! A perfect chance to get into the Toronto investment market. Both units are spacious, providing immediate cash flow from day one. Looking for future upside? A laneway report is available, showing the potential to add a laneway house and further increase rental income. Located in a prime area, walk to the St. Clair streetcar, Bloor subway line, and the exciting Galleria redevelopment. Whether you're an investor looking for turnkey rental income or planning to maximize future potential, this property checks all the boxes. Don't miss on this opportunity!
See MoreKey Info
- 2-Storey Detached
- 0-Car Driveway
- 2-Car Detached Garage
- Dovercourt & Davenport
- 1100-1500 Approximate Sq Feet
- Finished Basement
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 20.92 x 126 Feet
- Brick/Stone Exterior
- Taxes were $5,386 in 2024
- Possession: Flexible
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #W12350768
- ELEVATE REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 17.06' x 10.40' | |
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom on Upper | |||
| 1 4-Piece Bathroom | |||
How Far is Too Far?
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Who lives here?
Davenport, Toronto is a central Toronto neighbourhood notable for its singles, executives, education, law & public sector professionals, salespeople and tradespeople. It has a higher than average population of immigrants from Portugal, and Portuguese speakers. Residents tend to be older with a significant number of adults aged 25 to 44 and seniors aged 85 & above.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
51%
of residents are
single and loving it.
51% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
42%
of residents
are renters.
42% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
42%
of residents are
university grads.
42% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$116K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 17% |
| Business | 11% |
| Government | 10% |
| Trades | 9% |
| Management | 7% |
Immigrants
42%
of residents were
born outside of Canada.
42% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
11.7% from Portugal
All-time
Birthplace - Recent
0.4% from Brazil
Recent
Foreign Languages
Foreign Languages
| Portuguese | 18% |
| Spanish | 4% |
| Cantonese | 4% |
| Italian | 3% |
| Vietnamese | 2% |
Religions
Religions
| Christian | 63% |
| Buddhist | 4% |
| Muslim | 3% |
| Jewish | 2% |
| Hindu | 2% |
Social Housing
Social Housing Buildings
13
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
