505 Parkside Drive
Toronto W01, ON
- 2,024 sqft
- Investment
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.
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Listing Details
- Taxes (2026)
- $7,556
- Listed
- September 11, 2026
Price History
Listing history
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Property
- Lot Size
- 24.18 x 100.07 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Parkside Ave and Bloor St W
- Zoning
- R (d0.6) (x675)
- Parcel Number
- 213490163
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- 4 Stoves, 4 Fridges, 3 B/I Dishwashers, 2 Washers, 2 Dryers, Portable A/C (2), Portable heaters (3)
- Rental Items
- Heat pump (Reliance) on 2nd and Main floor (month-to-month)
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
Commercial in Toronto W01 · last 12 months
- Median sold price
- $1,022,500
- Homes sold
- 472
- Median days on market
- 15
- Sale-to-list price
- 101.0%
Based on 472 recorded sales of commercial properties in Toronto W01 over the last 12 months.
Listed by
ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 2,024 sq ft
- Price per sq ft
- $985.67
- Annual property tax
- $7,556
- Tax per sq ft
- $3.73
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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