Get $10,738 Cash Back
70 MELBOURNE AVENUE, Toronto (South Parkdale) — listed at $4,295,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
Who is 70 MELBOURNE AVENUE best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $21,958.57, heating is radiant heat. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is radiant heat. Ask for past utility bills to understand real heating costs.
What makes this a luxury property?+
At $4,295,000, standout features include 4000 sq ft. In this price range, expect higher-end finishes — verify during a showing.
Is there air conditioning?+
Yes — partially air conditioned cooling is in place.
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