Toronto
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
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70 MELBOURNE AVENUE, Toronto, M6K1K7
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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.
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