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$1,995,000
Available - For Sale
Listing ID: W13751916
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.
Price $1,995,000
Taxes: $7,688.46
Occupancy by: Tenant
Address: 505 Parkside Drive , Toronto, M6R 2Z9, Toronto
Directions/Cross Streets: Parkside Ave and Bloor St W
Rooms: 15
Bedrooms: 5
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: Apartment
No. of Pieces Level
Washroom 1 4 Basement
Washroom 2 4 Ground
Washroom 3 4 Second
Washroom 4 3 Third
Washroom 5 0
Washroom 6 4 Basement
Washroom 7 4 Ground
Washroom 8 4 Second
Washroom 9 3 Third
Washroom 10 0
Washroom 11 4 Basement
Washroom 12 4 Ground
Washroom 13 4 Second
Washroom 14 3 Third
Washroom 15 0
Property Type: Triplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Right Of W
Drive Parking Spaces: 1
Park #1
Parking Type: Right Of W
Park #2
Parking Type: Right Of W
Pool: None
Approximatly Square Footage: 2000-2500
Property Features: Fenced Yard
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Radiant
Central Air Conditioning: Other
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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ROYAL LEPAGE TERREQUITY BESPOKE REALTY

505 Parkside Drive , Toronto, M6R 2Z9, Toronto

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Maria Tompson
Sales Representative
Dir:
416-548-7854
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Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Toronto
Municipality: Toronto W01
Neighbourhood: High Park-Swansea
Style: 2 1/2 Storey
Lot Size: x 100.07(Feet)
Approximate Age:
Tax: $7,688.46
Maintenance Fee: $0
Beds: 5
Baths: 4
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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