70 Melbourne Avenue
South Parkdale, Toronto, M6K 1K7
$4,295,000
Listed 32 days ago · MLS® W13795488
About this home
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.
Details
- Type
- Investment
- Lot
- 30 × 120 ft
- Garage
- None
- Property tax
- $21,959 (2025)
- Neighbourhood
- South Parkdale
- Municipality
- Toronto W01
Heating, cooling and services
- Heating
- Radiant
- Air conditioning
- Partial
- Water and sewer
- Sanitary
- Utilities
- Yes
Building and exterior
- Building area
- 4,000 Square Feet
More
- Possession
- Immediate
- Cross street
- Cowan Avenue, Melbourne Avenue
- Business type
- Apts - 13 To 20 Units
History of this address
3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Dufferin Subway2.3 km
- 🚇 Lansdowne Subway2.3 km
- 🚆 Exhibition GO18 min walk
Within a 10-minute walk: 11 grocery stores, 101 cafés and restaurants, 24 parks, 9 pharmacies. Nearest grocery: Queen Fresh Market (200 m). Nearest park: Masaryk Park (50 m).
Schools nearby
Elementary
- Holy Family Catholic School Catholic
EQAO: Gr 6 reading 83%, math 42%4 min walk - Dr Rita Cox - Kina Minagok Public School
EQAO: Gr 6 reading 74%, math 40%7 min walk - Parkdale Junior and Senior Public School9 min walk
- The Grove Community School11 min walk
Secondary
- Parkdale Collegiate Institute
EQAO: Gr 9 math 61%, literacy test 86%4 min walk - City View Alternative Senior School16 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area M6K
- Owners / renters
- 31% / 69%
- Median household income
- $72,000
- Average age
- 40
- Children under 15
- 8%
- Homes
- 2% detached, 67% high-rise
- Commute by transit
- 35%
- Population
- 42,110
Languages spoken most at home besides English: Tibetan 3.3%, Portuguese 2.5%, Vietnamese 1.3%, Yue (Cantonese) 1.2%.
Flood and conservation No mapped hazard
Not inside a mapped flood plain or regulated area.
Screening maps only. Ask the conservation authority for a property inquiry before relying on this.
Safety
Major crime per resident in South Parkdale (2025): about the Toronto average, about the same from the year before.
- Assault48% above average
- Break and enter27% above average
- Auto theft68% below average
- Robberyabout average
- Theft from vehiclesabout average
- Shootingsabout average
Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).
Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.
Development nearby 12 active
-
1325 QUEEN ST W · 150 mSite Plan · Under Review · applied 2026Site Plan Approval for a 16-storey mixed-use building containing 175 rental residential units and approximately 2,482 sq.m of community-serving space.Application details
-
1339 KING ST W · 250 mSite Plan · NOAC Issued · applied 2025Site Plan Control application for a new 10-storey infill residential building with 92 affordable rental units. The existing apartment building ('Phoenix…Application details
-
145 COWAN AVE · 150 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2023This proposal was appealed to the OLT and subsequently settled with Council adoption in April 2025. The proposal is for an 18-storey (57m excluding mechanical…Application details
-
1437 QUEEN ST W · 450 mOfficial Plan / Zoning By-law Amendment · Appeal Received · applied 2023The application proposes to demolish the existing buildings and construct a new 12-storey mixed use building containing 249 dwelling units. The proposed…Application details
-
1437 QUEEN ST W · 450 mSite Plan · Under Review · applied 2023The application proposes to demolish the existing buildings and construct a new 12-storey mixed use building containing 249 dwelling units. The proposed…Application details
-
1266 QUEEN ST W · 350 mSite Plan · NOAC Issued · applied 2023The proposed development replaces the existing two-storey commercial building on the site, with a new 27-storey, 26,235 square metre, mixed use building with…Application details
15 more within 500 m.
Rezoning, site plan, subdivision and condominium applications filed with the city.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.
Living here
Commute
To Union Station (downtown Toronto): 4 km. Transit times · Driving times
Coming transit
- 🚧 Exhibition 1.1 km · opening 2031
Stations under construction or approved. Opening dates are the latest public estimates and often move.
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
What can be built R
Residential (with a site-specific exception).
- ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
- ✅ Garden suite in the backyard
- ✅ Laneway suite, if the lot backs onto a lane
From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.
Building permits
- Interior Alterations · 2018 · CancelledREVISION - to add an office in the basement by reducing the size of one of the units (B1)Proposal for interior alterations to maintain 16…
- Fire Alarm · 2017 · ClosedProposal for the replacement of the fire alarm system.
2 permits on this block of the street in the last 2 years, including 1 new home.
Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.
Trees
89 City street trees within 100 m. That’s more than the Toronto average of 42.
Trees on City boulevards only, not private yards or parks.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by ROYAL LEPAGE MEADOWTOWNE REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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