505 Parkside Drive Toronto, ON M6R 2Z9
Listing Courtesy of: PropTX - IDX / Listed By: Royal Lepage Terrequity Bespoke Realty

  505 Parkside Drive Toronto, ON M6R 2Z9

Active
$1,472,988 (USD)
5
BED
4
BATH
2000-2500
SQFT

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 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.

MLS®:
W13050314
Taxes
$7,556(2025)
Type
Single-Family Home
Style
2 1/2 Storey
County
Toronto
Community
High Park-Swansea

Listed By

Royal Lepage Terrequity Bespoke Realty
Source
PropTX - IDX
Last checked Aug 30 2026 at 6:55 AM EDT
Bathroom Details
Interior Features
  • Carpet Free
Property Features
  • Foundation: Unknown
Heating and Cooling
  • Radiant
  • Other
Basement Information
  • Apartment
Pool Information
  • None
Exterior Features
  • Brick
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • None
Parking
  • Right of Way
Stories
  • 3

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 06, 2026
Price Changed
$2,049,000
-5%
-$100,000
Jun 01, 2026
Price Changed
$2,149,000
-2%
-$50,000
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Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/29/26 23:55