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    For Sale - 505 Parkside Drive, Toronto, Ontario

    Est payment $9,100/mo
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    Views   1
    Time on Jump  52 day

    AI Summary *

    • Four self-contained units offer rental income in a west-end location.
    • Across from High Park and a short walk to Keele subway station.
    • Recent upgrades include roofing, windows, electrical, plumbing, flooring, and appliances.
    • Efficient layouts and access to cafes, restaurants, and local shops support tenant appeal.
    • Market-level rents and a stated 5.24% cap rate.




    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 5. 24%**, 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 IDW13773246
    Address505 Parkside Drive
    CityToronto, Ontario
    Price$1,895,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Radiant

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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
    $1,895,000
    Get more info