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. Basement is now Vacant. 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!
Address
515 Salem Avenue N
List Price
$1,138,000
MLS® Status
New
Expiration Date
2026-02-13
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto W02
Sub-Area
Dovercourt-Wallace Emerson-Junction
Region
Toronto
Bedrooms
3 + 2
Bedrooms (Total)
5
Rooms Above Grade
7
Rooms Below Grade
3
Rooms (Total)
9
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Depth
126
Lot Size Units
Feet
Lot Width
20.92
Occupant Type
Partial
Cross Street
Dovercourt & Davenport Rd
MLS® Number
W12591966
Listing Brokerage
ELEVATE REALTY INC.
Basement Area
Finished, Separate Entrance
Postal Code
M6H 3C9
Posession Details
Flexible
Parking
Lane
Parking Places (Total)
2
Tax Amount
$5,678.28
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Gas
Heat Type
Forced Air
Cooling
Yes
Cooling Features
Central Air
Construction Materials
Brick, Stone
Direction Faces
East
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Detached
Attached Garage
No
Covered Spaces
2
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
PCL 75-2-H SEC M24; PT LT 75 E/S SALEM AV PL M24 TORONTO COMM AT THE S WLY ANGLE OF SAID LT
Waterfront
No
Sewer
Sewer