70 Melbourne Avenue

Toronto, ONMulti-family
$4,295,000
MLS® W13795488
Multi-family[object Object]
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About This Property

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:63604)

Key Facts

Type
Multi-family
Size
4,000 sqft
Lot
30 x 120 FT
Property Details 12 details
Living area
4,000 sq. ft.
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Multi-Family
Attached status
Attached
Heating
Radiant heat
Cooling
Partially air conditioned
Fireplace
No
Lot dimensions
30 x 120 FT
Frontage
30 feet
Taxes
$21,958.57
Zoning
Residential
Water source
Municipal water
Sewer
Sanitary sewer
Mortgage & Affordability Estimate monthly costs
Purchase price$4,295,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
South Parkdale
City
Toronto
Postal code
M6K 1K7
Nearby
Cowan Avenue, Melbourne Avenue