515 Salem Avenue N

Welcome to this splendid house for sale in Toronto , located at 515 Salem Avenue N, Toronto. This charming detached two-storey residence is nestled in the vibrant community of Dovercourt-Wallace Emerson-Junction, offering a unique opportunity for both investors and families alike. With its prime location and impressive features, this property is not to be missed.

As you approach 515 Salem Avenue N, Toronto, you'll be greeted by a beautifully constructed exterior of brick and stone, which not only adds to the aesthetic appeal but also ensures durability. The house boasts a total of seven rooms, including three generously sized bedrooms and two additional den spaces, providing ample room for comfortable living or potential rental opportunities. The layout is thoughtfully designed, making it ideal for a variety of lifestyles.

One of the standout features of this house for sale in Toronto is the finished basement, which comes complete with a separate entrance. This additional space is perfect for creating a self-contained unit or simply as a recreational area for family gatherings. The basement also houses a kitchen, making it convenient for hosting guests or generating rental income. With the basement currently vacant, you have the flexibility to decide how best to utilise this valuable space.

In terms of amenities, this property is equipped with three bathrooms, ensuring that there is no shortage of facilities for residents and guests. The central air conditioning system will keep you cool during the warm summer months, while the forced air heating system ensures a cosy atmosphere during the colder seasons. Although the house does not feature a fireplace or a family room, the spacious layout compensates for this with its versatile rooms that can be adapted to suit your needs.

Parking is made easy with a detached garage that accommodates two vehicles, along with a lane driveway providing additional access. Although there is no designated parking space, the garage offers ample room for your vehicles, which is a significant advantage in the bustling city of Toronto.

The property sits on a generous lot measuring 21 by 126 feet, providing a lovely outdoor space that can be transformed into a garden or a private retreat. While there is no pool, the potential for outdoor enjoyment remains high, especially given the proximity to local parks and recreational areas.

Another appealing aspect of this house for sale in Toronto is its strategic location. Situated within walking distance to the St. Clair streetcar and the Bloor subway line, commuting to various parts of the city is both convenient and efficient. The exciting Galleria redevelopment nearby promises to enhance the neighbourhood further, making it an attractive area for future investment.

For those considering the investment potential, a laneway report is available, indicating the possibility of adding a laneway house. This could significantly increase rental income and provide a fantastic opportunity for future growth. Whether you are an investor seeking immediate cash flow or a family looking for a place to call home, this property checks all the boxes.

In summary, 515 Salem Avenue N, Toronto, is a remarkable house for sale in Toronto that combines space, potential, and an enviable location. With three bedrooms, two dens, and a finished basement, it offers versatility and comfort. Don’t miss out on this incredible opportunity to enter the Toronto investment market or to secure a lovely family home. Make sure to arrange a viewing soon, as properties like this are in high demand!

Dovercourt-Wallace Emerson-Junction is a vibrant and diverse neighbourhood in Toronto, characterised by its rich tapestry of cultures and a strong sense of local identity. Nestled between the bustling streets of Dovercourt Road and the historic Junction area, this community boasts a mix of charming residential homes, trendy cafes, and eclectic shops. The area is well-served by public transport, making it easy to access the rest of the city. Residents enjoy a blend of urban convenience and a friendly, welcoming atmosphere, with numerous parks and green spaces providing a perfect backdrop for leisurely strolls and community gatherings. Whether you're drawn to its artistic vibe, culinary delights, or the warmth of its residents, Dovercourt-Wallace Emerson-Junction offers a unique living experience in the heart of Toronto.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, providing families with a range of schooling options. Within just 0.3 km, you will find Regal Road Junior Public School, an elementary school offering grades JK to 6, rated at 6.1, and St. Mary of the Angels Catholic School, also an elementary institution, with a higher rating of 7.7. For older students, Loretto College School (grades 9 to 12) is only 0.6 km away and has a rating of 6. Additionally, the ALPHA II Alternative School, located 1.5 km from the property, serves grades 7 to 12, although it currently has no rating. Rawlinson Community School, offering a French language curriculum for grades JK to 8, is 1.2 km away with a rating of 5.1. St. Alphonsus Catholic School, also nearby, caters to younger students (JK to 3) and has a rating of 4.9. For secondary education, Marshall McLuhan Catholic Secondary School is located 4.4 km away, rated at 6.6. This diverse array of schools ensures that families can find suitable educational pathways for their children right in the neighborhood.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 387 residents, with an average household size of 2.4 individuals. The community has a median age of 43.1 years, indicating a mature demographic. The average household income is notably high at $110,000, although 11.2% of the population falls within the low-income bracket. The housing market is characterized by an average property price of $1,120,000, reflecting the area's desirability. A significant portion of the population is single, comprising 42.65%, while 33.33% of households include children, suggesting a family-friendly environment. The area is also diverse, with 37.08% of residents being immigrants. Renting is common, with 36.36% of households identified as renters, and there are no condominiums available in the area. Education levels are impressive, with 52% of residents holding a college or university degree, although 40% are not in the labor force, which may indicate a mix of retirees and individuals engaged in non-traditional work. Overall, the area presents a blend of affluence, diversity, and family-oriented living, making it an attractive location for potential buyers.