70 Melbourne Avenue

South Parkdale, Toronto · MLS® W13795488

4,000 sq ft · House · Multi-family · 37 days on market

listed by BLAKE PRESTON, ROYAL LEPAGE MEADOWTOWNE REALTY

realtor's description

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.

property details

type: House, Multi-family
living area: 4,000 sq ft
parking: 0
property tax: $21,959 / yr
days on market: 37
MLS®: W13795488

monthly cost

$20,543/mo

Mortgage $18,713 · Tax $1,830

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$18,713/ monthly

loan $3,436,000

25-year amortization

down payment20% · $859,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,177,871
cash to close: $859,000; down payment; transfer tax and fees not included
total paid: $5,613,871

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.