70 MELBOURNE AVENUE, Toronto (South Parkdale)

$4,295,000

For sale: Multiplex

Multiplex at 70 MELBOURNE AVENUE, Toronto (South Parkdale)
Property type
Investment
MLS®
MLS® W13795488
Neighbourhood
South Parkdale

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.

Sold data

Homes in South Parkdale — recent sold market

Homes in South Parkdale took a median of 28 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 53, across 86 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.

The median sale price was $650,900.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$650,900
Sale-to-list ratio
96.6%
Sold above asking
14%

Based on 86 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (South Parkdale)

Toronto (South Parkdale) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (South Parkdale)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 70 MELBOURNE AVENUE