Re-listed 24 days ago

505 Parkside Dr, Toronto, Ontario M6R 2Z9

Other
-
-
~2024 sqft
$•••,•••
$1,995,000
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Other
-
-
~2024 sqft

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Highlights

Property Estimate

Days on market24 days

Total days on market
161 days

Estimated valueNot available

Price/Sqft$985/sqft

Monthly cost

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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.


Property Details

StyleApartment
View-
Age of property-
SqFt~2024 SqFt
Lot Size2,419 SqFt(100.07 x 24.18)
Parking Spaces1
MLS ®NumberW13773246
Community NameRoncesvalles
Data SourceTRREB
Listing byROYAL LEPAGE TERREQUITY BESPOKE REALTY

Features

Heating: Radiant
Cooling: Y

Features

Lot size: 2,419 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 1


Property listed by ROYAL LEPAGE TERREQUITY BESPOKE REALTY, Brokerage
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Market Data - Roncesvalles

Geo Zone Map ThumbnailRoncesvalles

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

9 days

Compared to

2025

42 days

2024

29 days

2023

18 days

New Listings

Past 30 days

45 listings

Compared to

2025

50 listings

2024

46 listings

2023

38 listings

Units sold

Past 30 days

11 units

Compared to

2025

17 units

2024

11 units

2023

10 units

Median Sold Price

Past 30 days

$1,630,000

Compared to

2025

$1,450,000

2024

$1,200,000

2023

$1,745,500


Population and Demographics

Overview

Total population 16907
Average household income $173,720

Age (%)

0 to 19
18%
20 to 34
23%
35 to 49
26%
50 to 64
20%
65 and plus
13%

Household composition (%)

Single family
52%
Single person
40%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
79%
Others
5%
Polish
4%
Spanish
2%
French
2%
Portuguese
2%
Tibetan
1%

House tenancy (%)

Renters
57%
Owners
43%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget