505 Parkside Drive
Toronto W01, ON
- 5 bed
- 4 bath
- approx. 2000-2500 sqft
- Detached
- 132 days on market
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.
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Listing Details
- Taxes (2025)
- $7,556
- Originally Listed
- $2,199,000
- Listed
- April 27, 2026
Price History
Property
- Style
- 2 1/2 Storey
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Unknown
- Interior
- Carpet Free
- Lot Size
- 24.18 x 100.07 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 1
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Parkside Ave and Bloor St W
- Parcel Number
- 213490163
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 4 Stoves, 4 Fridges, 3 B/I Dishwashers, 2 Washers, 2 Dryers. See feature sheet /schedule C for more.
- Exclusions
- None
- Rental Items
- Heat pump (Reliance) on 2nd and Main floor (month-to-month)
Schools
Elementary
- Keele Street Public School0.4 km
Public · Toronto DSB · 565 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 84% met the provincial standard
- Mountview Alternative School School0.4 km
Public · Toronto DSB · 95 students
Grade 6 math: 83% met the provincial standard
- Howard Junior Public School0.7 km
Public · Toronto DSB · 395 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 87% met the provincial standard
Secondary
- Bishop Marrocco/Thomas Merton Catholic Secondary School0.7 km
Catholic · Toronto CDSB · 775 students
Grade 10 literacy: 69% met the provincial standard
- Humberside Collegiate Institute1.1 km
Public · Toronto DSB · 1460 students
Grade 10 literacy: 96% met the provincial standard
- The Student School1.2 km
Public · Toronto DSB · 105 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area M6R
- Population
- 19,349
- Private dwellings
- 9,255
- Median age
- 39.2
- Average household size
- 2.2
- Median household income
- $104,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Toronto W01 · last 12 months
- Median sold price
- $1,002,000
- Homes sold
- 478
- Median days on market
- 15
- Sale-to-list price
- 101.1%
Based on 478 recorded sales of residential freehold properties in Toronto W01 over the last 12 months.
Rooms
4-piece on Basement, 4-piece on Ground, 4-piece on Second, 3-piece on Third
Third
- Bedroom13'10" x 11'9"
- Kitchen11'2" x 7'8"
Second
- Bedroom10'5" x 9'6"
- Bedroom 211'1" x 10'3"
- Kitchen7' x 13'
- Living Room17'6" x 9'10"
Ground
- Bedroom14'2" x 10'3"
- Foyer8'4" x 5'1"
- Foyer9'2" x 4'2"
- Kitchen10'4" x 13'
- Living Room17'9" x 10'3"
- Other10'4" x 9'3"
Basement
- Bedroom7'6" x 9'2"
- Furnace Room13'3" x 9'6"
- Kitchen7'6" x 9'6"
- Living Room10' x 9'6"
Listed by
ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$409,800
Estimated Monthly Payment
$10,066
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $10,066/mo (20% down, 5.5%)
Taxes: $630/mo · Insurance: $512/mo
Estimates only. Consult a financial advisor.
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