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$1,995,000
Available - For Sale
Listing ID: W13773246
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.
Price $1,995,000
Taxes: $7,688.46
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 505 Parkside Drive , Toronto, M6R 2Z9, Toronto
Postal Code: M6R 2Z9
Province/State: Toronto
Legal Description: PT LT 58-59 PL 1226 TORONTO PT 5 63R3562
Directions/Cross Streets: Parkside Ave and Bloor St W
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 2,024
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Radiant
Central Air Conditioning: Yes
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ROYAL LEPAGE TERREQUITY BESPOKE REALTY

505 Parkside Drive , Toronto, M6R 2Z9, Toronto

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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416-981-7184

 
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Type: Com - Investment
Area: Toronto
Municipality: Toronto W01
Neighbourhood: High Park-Swansea
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Lot Size: x 100.07(Feet)
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Tax: $7,688.46
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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