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Toronto
$4,295,000
70 MELBOURNE AVENUE, Toronto, M6K1K7
MLS Number: W13795488
Beds
0
Baths
0
Listing
For Sale
Type
Freehold
Square Feet
4,000
Royal LePage Commercial is pleased to offer for sale 70 Melbourne Avenue in the heart of Parkdale. This Property presents investors with a rare opportunity to acquire a tenanted, value-add, character apartment building with strong market positioning and significant income growth potential. 70 Melbourne Avenue is a 2-storey walk-up apartment building, that has been well-maintained, with key restorations completed between 2015 and 2025. The Property benefits from high tenant appeal, driven by its desirable location in the heart of West Toronto. Residents enjoy outstanding access to all major local amenities in a community with continued growth and revitalization. The Property is also within walking distance of Queen Street, a vibrant retail corridor with a wide array of amenities and street car access.
Location
70 MELBOURNE AVENUE, Toronto, M6K1K7
Nearby Schools
Distances are measured in a straight line from this property.
Holy Family Catholic School
Elementary school · Grades JK-8
Toronto CDSB
141 Close Ave, Toronto, Ontario, M6K2V6
Parkdale Collegiate Institute
Secondary school · Grades 9-12
Toronto DSB
209 Jameson Ave, Toronto, Ontario, M6K2Y3
Dr. Rita Cox – Kina Minogok Public School
Elementary school · Grades JK-8
Toronto DSB
100 Close Ave, Toronto, Ontario, M6K2V3
Parkdale Junior and Senior Public School
Elementary school · Grades JK-8
Toronto DSB
78 Seaforth Ave, Toronto, Ontario, M6K3L2
Alexander Muir/Gladstone Ave Junior and Senior Public School
Elementary school · Grades JK-8
Toronto DSB
108 Gladstone Ave, Toronto, Ontario, M6J3L2
The Grove Community School
Elementary school · Grades JK-6
Toronto DSB
108 Gladstone Avenue, Toronto, Ontario, M6J3L2
City View Alternative Senior School
Elementary school · Grades 7-8
Toronto DSB
38 Shirley Street, Toronto, Ontario, M6K1S9
Shirley Street Junior Public School
Elementary school · Grades JK-6
Toronto DSB
38 Shirley St, Toronto, Ontario, M6K1S9
Proximity does not guarantee enrollment eligibility. Verify attendance boundaries and admission requirements with the relevant school board before making a decision.
Estimate Tool
Estimate monthly principal and interest, then add common carrying costs for a clearer planning number.
Down Payment
$859,000
Mortgage Amount
$3,436,000
Principal + Interest
$19,867 / mo
5-Year Term Payments
$1,192,015
Estimated Monthly Carrying Cost
$20,517
Includes principal, interest, property tax, condo fees, and heating estimates.
This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.
Helpful Guide
If you are planning a purchase, it helps to understand the buyer process and keep your financing and closing documents organized.
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