For Lease
487 Salem Avenue N L1 #L1
Dovercourt-Wallace Emerson-Junction, Toronto, ON
$1,650
1Bd
1Ba
< 700sqft
1Parking
DetachedMLS# W12971038Listed 2026-04-0826 DOM
Cooling
Central Air
About this home
Renovated one bedroom lower level apartment with utilities included and parking available for an additional $100/month. Much attention to detail. Photos herein are from when the unit was vacant, currently tenant occupied. Every room has a large window which is 3 feet above grade. Not so much like a basement but more like a lower level as it's 3 feet (1 Meter ) above grade. Coin operated laundry in hallway and without having to leave the building and shared with only 1 unit. Modern kitchen with granite counter. Modern bathroom with stand up shower. A great condo Alternative. Exterior bicycle space available. Quiet building and family oriented .Close to all amenities. Walk to trendy Geary Avenue, Bartlett Parkette, Blood Brothers Brewery, Dark Horse, Parallel Restaurant, etc... 5 min walk to TTC, 1 short bus ride to Bloor subway. Ideal for one person or couple at the most. Available June 1st. Don't miss this opportunity.
Renovated
Rooms
Lower
| Living Room | 2.40 × 3.10 m | Laminate Open Concept Overlooks Dining |
| Kitchen | 3.35 × 3.00 m | Laminate Stone Counters Window |
| Bedroom | 2.10 × 1.80 m | Laminate Closet Window |
Features
- Carpet Free
- Apartment
- Central Air
- 2-Storey
Financials
Estimated Rental Income
Entire property$2,000 – $3,000/mo
Rental yield1454.5% – 2181.8%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Days on market26 days
Buyer's MarketSeller's Market
Based on active listings in Toronto. Data updates daily.
Demographics — Toronto
Population
2,794,356
Avg Household Income
$102,000
Age Distribution
0-19
19%
20-34
24%
35-49
21%
50-64
19%
65+
17%
Ownership53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil
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How walkable, bikeable, and transit-friendly this neighbourhood is.
71
/ 100
Walk Score
Very Walkable
59
/ 100
Transit Score
Good Transit
69
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.