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$ 4,650,000
Est. payment | /mo
4,000 SqFt
$ 4,650,000
Est. payment | /mo
4,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $1,162
Municipality Toronto W01
Subdivision South Parkdale
MLS Listing ID W13102032
Annual Tax Amount $21,958
Tax Year 2025
Property Sub-Type Investment
Lot Depth 120.0
Lot Front 30.0
Property Description
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
Province ON
County Toronto
Community Toronto W01
Area Toronto
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 30.0
Lot Depth 120.0
Others
ParcelsYN No
Listed by ROYAL LEPAGE MEADOWTOWNE REALTY
NEARBY SCHOOL & BUSINESS
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