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    For Sale - 505 Parkside Drive, Toronto, Ontario

    Est payment $9,580/mo
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    Views   1
    Time on Jump  45 day

    AI Summary *

    • Turnkey property with four self-contained units, ready for immediate rental income.
    • Recent upgrades ensure efficiency and reduced maintenance needs.
    • Located steps from Keele TTC station for easy transportation.
    • Proximity to High Park and vibrant local shops enhances tenant appeal.
    • Strong cap rate of 4.98% offers solid investment potential.




    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.
    Listing IDW13751916
    Address505 Parkside Drive
    CityToronto, Ontario
    Price$1,995,000
    Bed / Bath5 / 4 Full
    Style2 1/2 Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Carpet FreeAmenities Fenced Yard, Park, Public Transit, School, Library, HospitalOwnership FreeholdBasement ApartmentFoundation UnknownHeating / Cooling RadiantHeating Fuel GasSewer Sewer

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    Listing Brokerage: ROYAL LEPAGE TERREQUITY BESPOKE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    505 Parkside Drive
    Toronto , Ontario
    5 4 $1,995,000
    Get more info