505 Parkside Drive, Toronto, ON M6R 2Z9
High Park-Swansea, Toronto · Near Parkside Ave and Bloor St W · View map
About this home
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.
The home
- Type
- Triplex
- Style
- 2 1/2 Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 5
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 15
- Basement
- Apartment
- Lot size
- 24.2 x 100.1 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 1
- Total parking
- 1
- Parking features
- Right Of Way
Taxes & other
- Property taxes
- $7,688/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- 30/60/TBA
- Cross street
- Parkside Ave and Bloor St W
- Neighbourhood
- High Park-Swansea
More
- Price per sq ft
- ~$842 (at 2,250 sq ft)
- MLS® number
- W13751916
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The home and its surroundings
- Carpet Free
- Fenced Yard
- Park
- Public Transit
- School
- Library
- Hospital
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
505 Parkside Drive, Toronto, ON M6R 2Z9
High Park-Swansea, Toronto · Near Parkside Ave and Bloor St W
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Listing history for 505 Parkside Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 505 Parkside Drive
Answers come straight from this home’s MLS® listing.
How much is 505 Parkside Drive listed for, and what would it cost each month?
505 Parkside Drive is listed for $1,895,000. With 20% down ($379,000), the mortgage payment would be roughly $7,644 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,285 a month, all in. That figure is an illustration, not a quote.
Is 505 Parkside Drive freehold or a condo, and is there a monthly fee?
505 Parkside Drive is a triplex in High Park-Swansea, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 505 Parkside Drive have?
505 Parkside Drive has 5 bedrooms and 4 bathrooms. The listing gives the style as 2 1/2 storey.
Does 505 Parkside Drive have a garage and parking?
The listing does not show a garage. The driveway adds 1 space. In total the listing counts 1 parking space.
Does 505 Parkside Drive have a finished basement?
The listing describes the basement as apartment. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 505 Parkside Drive?
505 Parkside Drive is a triplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 505 Parkside Drive, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 24.2 x 100.1 ft.
How is 505 Parkside Drive heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 505 Parkside Drive?
Property taxes are $7,688 a year (2026), or about $641 a month.
Where is 505 Parkside Drive?
505 Parkside Drive is in the High Park-Swansea community of Toronto. The nearest main intersection is Parkside Ave and Bloor St W. The postal code is M6R 2Z9.
Is 505 Parkside Drive still for sale?
Yes. It is an active listing (MLS® W13751916). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 505 Parkside Drive asking?
Similar properties for sale nearby right now include 505 Parkside Drive at $1,895,000, 355 Parkside Drive at $1,799,000 (5 bed) and 189 Parkside Drive at $1,999,000 (5+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 505 Parkside Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 505 Parkside Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near High Park-Swansea, picked by style, size and price.
Investment$1,895,000505 Parkside Drive, TorontoHigh Park-SwanseaCourtesy of: ROYAL LEPAGE TERREQUITY BESPOKE REALTYView home →
Triplex$1,799,000355 Parkside Drive, Toronto5 bed · 4 bath · High Park-SwanseaCourtesy of: CORCORAN HORIZON REALTYView home →
Fourplex$1,999,000189 Parkside Drive, Toronto5+1 bed · 4 bath · High Park-SwanseaCourtesy of: GRANGE HALL REALTY INC.View home →Courtesy of: ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.