Davisville Village was named after John Davis, who immigrated to Canada in 1840 from Staffordshire, England. John Davis operated Davis Pottery and helped found Davisville Public School. The northern part of the Village was owned by the Church and was then sold to the Dovercourt Land and Building Company in 1911; the southern part (land mostly owned by the Davis family) of Davisville was subdivided in the 1860s. 

Today this neighbourhood is popular among the singles, young couples, and young families. This neighbourhood has excellent recreational facilities, great shopping districts, and a vibrant nightlife including many bars, restaurants, and movie theatres. Davisville Park is the recreational centre of the neighbourhood with a playground, wading pool, six tennis courts, and a baseball diamond for the enjoyment of both kids and adults.

Many of the houses in Davisville were built in the 1920s and 1930s. There are also many duplexes and walk-up apartment buildings. East of Mount Pleasant Road you will find smaller detached houses, semi-detached houses, and bungalows. There is also a growing number of new custom built homes. On Merton and Balliol Streets and along Eglinton Avenue there are plenty of many high-rise rental apartment buildings.  According to the May 2015 TREB report, the average sales price for homes in this area is $829,716; detached homes, $1,376,395; semi-detached homes, $999,500; townhomes, $540,000; apartments, $520,904.  The most common housing type in this neighbourhood are apartments.

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