505 Parkside Drive, Toronto, ON M6R 2Z9
Toronto W01, ON, M6R 2Z9 · High Park-Swansea
About this property
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 4.85%**, 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 cafés, 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.
Features & Amenities
- Basement: Apartment
- Garage: None
- Cooling: Other
- Heat Type: Radiant
- Heat Source: Gas
- Style: 2 1/2 Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 2 1/2 Storey |
| Bedrooms | 5 |
| Bathrooms | 4 |
| Basement | Apartment |
| Garage | None |
| Parking Spaces | 1 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | Other |
| Sewer | Sewer |
| Annual Tax | $7,556 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Carpet Free
- Fireplace
- Yes
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2 1/2 Storey
- Construction Materials
- Brick
- Foundation Details
- Unknown
- Roof
- Asphalt Shingle
- Basement
- Apartment
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- Other
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 1
- Parking Total
- 1.00
- Parking Features
- Right Of Way
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 100.07
- Lot Width
- 24.18
Community & Neighborhood
- Property Features
- Fenced Yard, Park, Public Transit, School, Library, Hospital
Financial & Tax
- Tax Annual Amount
- $7,556
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- 30/60/TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 15
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Toronto
- Cross Street
- Parkside Ave and Bloor St W
- Directions
- Parkside Ave and Bloor St W
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
505 Parkside Drive, Toronto, ON M6R 2Z9, Toronto W01, ON, M6R 2Z9