70 Melbourne Avenue, Toronto, ON M6K 1K7
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.
- MLS number
- W13102032
- Type
- Investment
- Status
- Active
- Bedrooms
- —
- Bathrooms
- —
- Postal code
- M6K 1K7
- Photos
- 7
- Property tax
- $21,959 / year
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Investment
- Class
- Commercial
- Community
- South Parkdale
- Municipality
- Toronto W01
- Cross street
- Cowan Avenue, Melbourne Avenue
- Zoning
- Residential
Land
- Lot
- 30 × 120 feet
Heating, cooling and services
- Heating
- Radiant
- Cooling
- Partial
- Water
- Municipal
- Sewer
- Sanitary
Listing
- MLS number
- W13102032
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-05-07
- Expires
- 2026-11-07
- Possession
- 2026-05-07
- Taxes
- $21,959 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.
Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Holy Family Catholic School Toronto CDSB | Elementary | 286 m | / 10 45% met the standard |
| Dr. Rita Cox – Kina Minogok Public School Toronto DSB | Elementary | 446 m | / 10 56% met the standard |
| Parkdale Junior and Senior Public School Toronto DSB | Elementary | 553 m | / 10 51% met the standard |
| Alexander Muir/Gladstone Ave Junior and Senior Public School Toronto DSB | Elementary | 704 m | / 10 73% met the standard |
| The Grove Community School Toronto DSB | Elementary | 715 m | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 486 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35204663 — the few blocks around this address, home to 486 people. It describes the area, not this property.
Percentages are of the 335 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.
What’s being built nearby
Planning applications within 500 m — 8 still in progress.
Site Plan Approval for a 16-storey mixed-use building containing 175 rental residential units and approximately 2,482 sq.m of community-serving space.
City planning file →Proposed 18-storey mixed-use purpose-built rental building with 364 sqm of non-residental GFA, and 176 units including 6 affordable rental units.Refer to Minor Variance A0835/25TEY, approved February 11, 2026.
City planning file →Site Plan Control application for a new 10-storey infill residential building with 92 affordable rental units. The existing apartment building ('Phoenix Place') at 1355 King St W will be fully retained on the site.
City planning file →This 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 penthouse) building comprised of a total of 14,850 m2 (14,517m2 of residential, 333m2 of non-resident…
City planning file →The application proposes to demolish the existing buildings and construct a new 12-storey mixed use building containing 249 dwelling units. The proposed redevelopment consists of 17,576 sq.…
City planning file →The 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 362 rental units. 379 bike parking spaces and 31 vehicle parking spaces are proposed.…
City planning file →Proposal for a mixed-use development consisting of three buildings at 9, 26 and 29 storeys and incorporating portions of the existing buildings.…
City planning file →Site Plan Approval for a 7-storey mixed-use building having a residential gross floor area of 3312 square metres, and a non-residential gross floor area of 268 square metres. 47 rental dwelling units are proposed.
City planning file →What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.