$1,149,000
PRICE
3 + 2
BEDROOMS
3
BATHROOMS
W12350768
MLSID
515 Salem Avenue, 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!
Sold History
SOLD
6 February 2013
$577,000
SOLD
11 April 2009
$420,000
SOLD
16 April 2004
$343,600
Summary
Address
515 Salem Avenue
City
Community
Street
MLSID
W12350768
Property Type
Detached
Property Category
Bedrooms
3 + 2
Bathrooms
3
Rooms
7 + 3
Kitchens
1 + 1
Taxes (Annual)
$5,386.12
Tax Year
2024
Published
August 18, 2025
Days on Market
47 Days
Possession Type
Flexible
Possession Details
Flexible
Inclusions
All Appliances, Electric Light Fixtures.
Exclusions
Tenants Belongings.
Details
Bathroom 1
2-Piece Main Level
Bathroom 2
4-Piece Upper Level
Bathroom 3
4-Piece Basement Level
Basement
Finished, Separate Entrance
Interior Features
None
Parking Total
2
Parking Features
Lane
Architectural Style
2-Storey
Roof
Shingles
Construction Materials
Brick, Stone
Lot Width
21 Feet
Lot Depth
126 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with ELEVATE REALTY INC.