$ 4,295,000

70 Melbourne Avenue, Toronto

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. (id:1945)
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Property details for 70 Melbourne Avenue, Toronto

Type
Multi-family
Living Area
4,000 square feet
Lot Size
30 x 120 FT
Heating
Radiant heat
Cooling
Partially air conditioned
Annual Taxes
$21,959

Nearby Listings Stat

Estimated price and comparable properties near 70 Melbourne Avenue

Active Listings
656
Min Price
$1
Max Price
$12,250,000
Avg Price
$1,190,908
Days on Market
59
days
Sold Listings
251
Min Sold Price
$35,000
Max Sold Price
$4,995,000
Avg Sold Price
$1,057,570
Days until Sold
65
days

Neighbourhood Census Data

Toronto, Ontario

Population
466
Median Age
38.6
Median Income
$22,976
Dwelling Value
$1,000,783

Housing Tenure

Owners 28%
Renters 74%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.8
Pop. Density: 9,914.9/km²
Avg Shelter Cost: $2,408/mo
Owners with Mortgage: 62.5%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 53.8%
English only: 84.9%
English and French: 12.9%
Neither: 1.1%
Median Household Income: $36,224
Median Employment Income: $26,048

Price History

Listed
September 17, 2026
by ROYAL LEPAGE MEADOWTOWNE REALTY
Current Price
$4,295,000
-16.6% from last change
Type
Multi-family
For Sale
Price Changes
1
Date Price Change
Current $4,295,000 $855,000 (-16.6%)
Sep 17, 2026 $5,150,000 Listed

Contact Agent Get in touch about 70 Melbourne Avenue, Toronto

BLAKE PRESTON
ROYAL LEPAGE MEADOWTOWNE REALTY