70 MELBOURNE AVENUE, Toronto (South Parkdale)

$4,650,000

For sale: Multiplex

Multiplex at 70 MELBOURNE AVENUE, Toronto (South Parkdale)
Property type
Investment
MLS®
MLS® W13102032
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

Multiplex homes in Toronto (South Parkdale) — recent sold market

Multiplex homes in Toronto (South Parkdale) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 73, across 34 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.

The median sale price was $1,262,000.

Homes sold for about 5.7% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$1,262,000
Sale-to-list ratio
94.3%
Sold above asking
15%

Based on 34 recorded sales in the last 90 days — 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