505 Parkside Drive
Toronto W01, ON M6R 2Z9
Price
$1,995,000
Building Size
2,024 sq ft
MLS# W13773246 | Listed by ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Business Details
Business Type
Apts - 2 To 5 Units
Property Use
Apartment
Commercial Space & Financials
Taxes (Annual)
$7,556
Industrial Specifications
Parking
1 spaces (None)
Lot Size
24.18' × 100.07'
Structure
Freestanding
Property Description
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 & Status History
Price history is locked
Location
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505 Parkside Drive, Toronto W01 M6R 2Z9
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Listing Courtesy of: ROYAL LEPAGE TERREQUITY BESPOKE REALTY
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
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