Unknown for 515 Salem Ave, Toronto Ontario M6H 3C9
15 hours on Market

515 Salem Ave, Toronto, Ontario M6H 3C9

Detached
3 + 2
3
~1100-1500 sqft
$1,149,000
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$11,490Cashback
Detached
3 + 2
3
~1100-1500 sqft

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Highlights

Property Estimate

Days on market15 hours

Estimated valueNot available

Price/Sqft$905/sqft

Monthly cost

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CMA Subject Property

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+1

Properties sold*

$1.3M

Median sold price*

*Based on last 30 days

Description

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!


Property Details

Style2-Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size2,635 SqFt(126 x 20.92)
Parking Spaces2
MLS ®NumberW12350768
Community NameDavenport
Data SourceTRREB
Listing byELEVATE REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Sep Entrance

Main Floor

Living

3.8 x 30.0

Dining

3.1 x 3.05

Kitchen

5.2 x 3.17


Features

Lot size: 2,635 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 0

Total parking spaces 2


Property History

Aug 18, 2025
ListedActive
$1,149,000
15 hours on market
history photo preview13
Listing by trreb®

Market Data - Davenport

Geo Zone Map ThumbnailDavenport

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

24 days

Compared to

2024

15 days

2023

0 day

2022

0 day

New Listings

Past 30 days

3 listings

Compared to

2024

1 listing

2023

4 listings

2022

1 listing

Units sold

Past 30 days

2 units

Compared to

2024

1 unit

2023

0 unit

2022

0 unit

Median Sold Price

Past 30 days

$1,512,500

Compared to

2024

$1,290,000


Population and Demographics

Overview

Total population 5896
Average household income $128,638

Age (%)

0 to 19
16%
20 to 34
26%
35 to 49
25%
50 to 64
17%
65 and plus
16%

Household composition (%)

Single family
55%
Single person
36%
Multi person
8%
Multi family
1%

Mother tongue (%)

English
63%
Portuguese
14%
Spanish
4%
Yue (Cantonese)
3%
Italian
3%
French
2%
Vietnamese
2%
Others
1%
Mandarin
1%
Greek
1%

House tenancy (%)

Owners
51%
Renters
49%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget