$4,295,000

For sale

1267 King Street West, Toronto (South Parkdale), Ontario, M6K1G9

10 bd9 ba2 pk2,250 ft²Lot size 24 × 100 ft (2,400 sq ft)

Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED

124 Close Avenue, Toronto (South Parkdale), Ontario, M6K2V5

For sale

22 days ago

$1.15M

124 Close Avenue, Toronto (South Parkdale), Ontario, M6K2V5

5 bd3 ba2,250 ft²Lot size 20 × 98 ft (1,946 sq ft)

Listed by RE/MAX PROFESSIONALS INC.

73 Elm Grove Avenue, Toronto (South Parkdale), Ontario, M6K2J2

For sale

70 days ago

$1.78M

73 Elm Grove Avenue, Toronto (South Parkdale), Ontario, M6K2J2

6 bd5 ba1 pk2,750 ft²Lot size 22 × 113 ft (2,463 sq ft)

Listed by RE/MAX REALTY SPECIALISTS INC.

20 Maynard Avenue, Toronto (South Parkdale), Ontario, M6K2Z9

For sale

166 days ago

$4.20M

20 Maynard Avenue, Toronto (South Parkdale), Ontario, M6K2Z9

2 pk5,800 ft²Lot size 40 × 145 ft (5,800 sq ft)

Listed by ROYAL LEPAGE SUPREME REALTY

Investment analysis

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$4,295,000

Toronto

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70 Melbourne Avenue, Toronto (South Parkdale) - Multi-family for Sale

70 Melbourne Avenue, Toronto (South Parkdale), Ontario, M6K1K7

4,000 ft²30 × 120 ft (3,600 sq ft) lot sizeListed 48 days ago

Overview

This multi-family property in Toronto is for sale offering roughly 4,000 sq ft of space. It has been on the market 48 days, fresher than the Toronto average of 64 days.

Multi-Family Properties for Sale in Toronto →All real estate in Toronto →

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. (id:66096)

Property Details

MLS®: W13795488
Property Type: Multi-family
Business Type: Residential
Zoning: Residential
Interior Size: 4,000 ft²
Lot Size: 30 × 120 ft (3,600 sq ft)
Frontage: 30 ft
Heating: Radiant heat
Cooling: Partially air conditioned
Property Tax: $21,958.57/yr
Listed: 48 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Toronto (South Parkdale) listings, avg age

64d

Price / ft²

$1,074

List price

$4.29M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This multi-family in Toronto (South Parkdale) has been listed for 48 days, which is 16 days fresher than the city average of 64. Act while there is still low competition.

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Listed by ROYAL LEPAGE MEADOWTOWNE REALTY · BLAKE PRESTON

Location

Approximate location — exact address confirmed upon showing

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Area context

Neighbourhood profile (M6K)

This home lists at $4,295,000, about 59.7× the local median household income of $72,000.

Carrying it typically needs a household income of about $838,964 (20% down, 25-yr amortization, stress-tested) — roughly 1065% above the area median.

Median household income: $72,000
Population: 42,110
Median age: 35.6
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M6K)

$4,295,000· $1,074/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $859,000

Min 20%50%

Mortgage payment$18,317/mo

Property tax (est.)$1,830/mo

Total monthly$20,147

Cash Needed to Close

Down payment (20%)$859,000

Land transfer tax$187,700

Est. closing costs$15,385

Total cash needed$1,062,085

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