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70 Melbourne Ave 16 Unit Apartment Building $5,150,000 CAD ($321,875 CAD/Unit) Toronto, ON M6K 1K7
Investment Highlights
- 17-unit property.
- Within walking distance of retail corridors.
- Provides street car access.
- Great value-add opportunity.
- Array of amenities.
Executive Summary
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.
Property Facts
| Price | $5,150,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $321,875 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 16 | Building Size | 6,225 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1880 |
| Zoning | Comm | ||
| Price | $5,150,000 CAD |
| Price Per Unit | $321,875 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,225 SF |
| No. Stories | 3 |
| Year Built | 1880 |
| Zoning | Comm |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100
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70 Melbourne Ave
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