70 Melbourne Avenue
Toronto W01, ON
- 4,000 sqft
- Investment
- 175 days on market
Royal LePage Commercial is pleased to offer for sale 70 Melbourne Avenue in the heart of Parkdale. This 17 unit 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.
Listing Details
- Taxes (2025)
- $21,959
- Listed
- March 12, 2026
Price History
Listing history
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Property
- Lot Size
- 30 x 120 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Cowan Avenue, Melbourne Avenue
- Zoning
- Residential
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Apts - 13 To 20 Units
Community
Postal area M6K
- Population
- 42,110
- Private dwellings
- 25,403
- Median age
- 35.6
- Average household size
- 1.8
- Median household income
- $72,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto W01 · last 12 months
- Median sold price
- $1,012,500
- Homes sold
- 474
- Median days on market
- 15
- Sale-to-list price
- 101.2%
Based on 474 recorded sales of commercial properties in Toronto W01 over the last 12 months.
Listed by
ROYAL LEPAGE MEADOWTOWNE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,000 sq ft
- Price per sq ft
- $1,287.50
- Annual property tax
- $21,959
- Tax per sq ft
- $5.49
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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