Br (2.79 × 2.29)
Closet · Window
Level: Bsmt
High Park-Swansea, Toronto, Ontario M6R 2Z9
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.
Listing activity for 505 Parkside Dr, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,895,000 | N/A | Pc | W13751916 |
Closet · Window
Level: Bsmt
Window · Closet
Level: 2nd
W/O To Porch
Level: Ground
Centre Island · Stainless Steel Appl · W/O To Deck
Level: Ground
Combined W/Dining · Window · Closet
Level: 2nd
Combined W/Laundry · Stainless Steel Sink
Level: Bsmt
W/O To Porch
Level: Ground
Stainless Steel Appl · Window
Level: 2nd
Combined W/Living · Window
Level: 3rd
Window · Closet
Level: 2nd
Combined W/Dining · Stainless Steel Appl · Window
Level: 3rd
Combined W/Kitchen · Window
Level: Bsmt
Window · Closet
Level: Ground
Bay Window · Fireplace
Level: Ground
Combined W/Living · Stainless Steel Appl
Level: Bsmt
Level: Ground
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Toronto and Region Conservation Authority · Province of Ontario open data
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Province of Ontario open data
Province of Ontario open data · Government of Canada open data
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Monthly Payment
$8,687
Total monthly payment
$9,328
Break-even down payment
100%
Expand Neighbourhood demographics to load Statistics Canada census charts.
$1,895,000
$1,895,000
CAD
Estimate unavailable
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.