505 Parkside Drive,Toronto W01, ON M6R 2Z9
Toronto W01, ON M6R 2Z9
Description
Discover an exceptional investment opportunity in one of Toronto's most desirable west-end locations. 505 Parkside Dr is a turnkey, upgraded property with 4 self-contained units, situated directly across from High Park and steps away from Keele TTC station. This property has been meticulously maintained by an experienced owner, ensuring operational efficiency and long-term stability. Recent upgrades include newer roofing, eavestroughs, downspouts and fascia, windows and blinds, vinyl flooring, 200 Amp electrical panel, tankless water heater, sump pumps (2), radiators, interior doors, and most appliances. Current rents are at market level and investors benefit from a **strong cap rate of 5.24%**, with minimal need for repositioning.Tenants benefit from efficient floorplans, outstanding convenience, and lifestyle appeal. The property is just a 3-minute walk to Keele Subway Station and only 15 minutes to the UP Express, ensuring seamless access to downtown and beyond. Steps from the lively Roncesvalles Village, residents have access to some of the city's best cafes, restaurants, and local shops, further enhancing tenant appeal and retention.A rare opportunity to acquire a turn-key asset in a premier west-end location with stable income, strong fundamentals, and enduring demand.
Details
| MLS # | W13773246 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 48 |
| Listing Provided By | ROYAL LEPAGE TERREQUITY BESPOKE REALTY | W13773246 325900 |
Features
| SQ Feet | 2,024 |
|---|---|
| Acreage | 0.05 |
Interior
| Cooling | Yes |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 7688.46 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 58-59 PL 1226 TORONTO PT 5 63R3562; CITY OF TORONTO |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto W01 |
| Postal Code | M6R 2Z9 |
| Area | High Park Swansea |
| Listing VS Median (in M6R 2Z9) | |
Price: $1,895,000 low | high Med: $1,895,000 sqft: 2,024 low | high Med: 2,024 $ / sqft: $936 low | high Med: $936 On site: 48 low | high Med: 48 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto W01 |
| Postal Code | M6R 2Z9 |
| Area | High Park Swansea |
| Listing VS Median (in M6R 2Z9) | |
Price: $1,895,000 low | high Med: $1,895,000 sqft: 2,024 low | high Med: 2,024 $ / sqft: $936 low | high Med: $936 On site: 48 low | high Med: 48 | |