505 Parkside Drive, Toronto, ON, M6R 2Z9

Property Details: - Type: Detached - Bedrooms: 5 - Bathrooms: 4 - MLS#: W13050314 Listed By: ROYAL LEPAGE TERREQUITY BESPOKE REALTY

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 4.55%**, 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 cafés, 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. This detached home located at 505 Parkside Drive, Toronto is currently for sale and has been available on Zolo.ca for 8 days. This property is listed at $2,199,000 with an estimated mortgage of $8,094* per month. It has 5 beds, 4 bathrooms, and is 2000-2500 square feet. 505 Parkside Drive, Toronto is in the High Park-Swansea neighborhood Toronto. South Parkdale, Stonegate-Queensway and Roncesvalles are nearby neighborhoods.