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 4.98%**, 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.
Address
505 Parkside Drive
List Price
$1,995,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto W01
Sub-Area
High Park-Swansea
Region
Toronto
Lot Size Source
MPAC
Lot Depth
100.07
Lot Type
Building
Lot Size Units
Feet
Lot Width
24.18
Parcel Number
213490163
Total Building Area
2024
Occupant Type
Tenant
Cross Street
Parkside Ave and Bloor St W
MLS® Number
W13773246
Listing Brokerage
ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Postal Code
M6R 2Z9
Posession Details
30/60/tbd
Parking Spaces
1
Tax Amount
$7,556.00
Tax Year
2026
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Radiant
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 58-59 PL 1226 TORONTO PT 5 63R3562; CITY OF TORONTO