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
- Investment
- Square footage
- 2024 sq ft
- Lot size
- 24.2 x 100.1 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Radiant
- Air conditioning
- Yes
Garage & parking
- Driveway spaces
- 1
- Total parking
- 1
Taxes & other
- Property taxes
- $7,688/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- 30/60/tbd
- Cross street
- Parkside Ave and Bloor St W
- Neighbourhood
- High Park-Swansea
More
- MLS® number
- W13773246
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No features listed yet.
- 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 investment 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.
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.
What style of home is 505 Parkside Drive?
505 Parkside Drive is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 505 Parkside Drive, and what is the lot size?
The lot is listed as 24.2 x 100.1 ft.
How is 505 Parkside Drive heated and cooled?
Heating is radiant. Cooling is yes.
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® W13773246). 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 (5 bed), 2233 Dundas Street W at $1,899,000 and 238 Garden Avenue at $2,125,000. 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.
Triplex$1,895,000505 Parkside Drive, Toronto5 bed · 4 bath · High Park-SwanseaCourtesy of: ROYAL LEPAGE TERREQUITY BESPOKE REALTYView home →
Store w apt / office$1,899,0002233 Dundas Street W, Toronto5 bath · High Park-SwanseaCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.View home →
Investment$2,125,000238 Garden Avenue, TorontoHigh Park-SwanseaCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.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.