2468 Laxton Ave. Toronto

Entire block in gentrifying Toronto neighbourhood for sale for $19 million

Four multifamily properties in South Parkdale have just gone up for sale for a whopping $18,750,000. 

So what would you be getting for almost $19 million?

Well, according to the Colliers Canada listing, it "presents investors with an opportunity to acquire four separate properties, totaling 64 suites, on a 0.555 acre site."

The four properties are 2, 4, 6, and 8 Laxton Avenue.

2468 Laxton Ave. Toronto

2 Laxton Ave. Toronto.

2 Laxton Ave. is a mid-rise apartment building with 52-units that was built in the early 1970s. Its claim to fame is a long history of bed bugs and roach infestations. 

2468 Laxton Ave. Toronto

8 Laxton Ave. Toronto

Meanwhile, the other buildings are old Victorian homes that have been chopped up into apartments and are currently rented out.  

What condition these places are in is a mystery since there are no photos of the interiors but from the little bits of information that have been left on the internet don't get your hopes up. 

2468 Laxton Ave. Toronto

4 Laxton Ave. Toronto.

For example, just last month there was a major fire at 4 Laxton Ave. and it's unclear how much damage there was. 

But, whoever buys this is likely going to be a developer or investor who's interested in the prime location (Queen St. W and Jameson Ave.) and the half an acre of land these buildings take up, so it probably doesn't matter too much if the properties are salvageable.  

2468 Laxton Ave. Toronto

6 Laxton Ave. Toronto

Even the listing notes: "this is a unique opportunity to reposition an apartment building in downtown Toronto."

Let's just hope whatever they do they at least get rid of the bed bugs and cockroaches...  

Photos by

Colliers Canada

Join the conversation Load comments

Latest in Real Estate

Here's what kind of house you can get for around $500K in Toronto right now

Condo tower proposed to replace an entire block of Toronto homes

Housing sales in Toronto are dropping so much that it's becoming a buyer's market

This $800K condo in Toronto has a secret bedroom

Small landlords in Ontario have had enough with tenants not paying rent

This is the shocking amount it actually costs to live in Toronto these days

Towers as tall as 70 storeys now planned for Toronto's Rail Deck Park site

This $5 million home hidden in a Toronto laneway has crypto bro written all over it