70 Melbourne Ave - Apartments FOR SALE


Toronto, ON M6K 1K7- South Parkdale/King West
$5,150,000 CAD
905-878-8101
70 Melbourne Ave, Toronto, ON for Sale
$5,150,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

70 Melbourne Ave
Toronto, ON M6K 1K7
South Parkdale/King West


HIGHLIGHTS

  • 17-unit property.
  • Great value-add opportunity.
  • Within walking distance of retail corridors.
  • Array of amenities.
  • Provides street car access.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,150,000 CAD

PRICE/SF

$827 CAD /SF

# OF UNITS

16

PRICE/UNIT

$321,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,658 SF

ZONING

Comm

APN/PARCEL ID

190402131004400

ASK ABOUT THIS PROPERTY

Blake PrestonRoyal LePage Meadowtowne RealtyMore Info
905-878-8101

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Blake PrestonRoyal LePage Meadowtowne RealtyMore Info
905-878-8101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.