Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$1,995,000
Available - For Sale
Listing ID: W13773246
505 Parkside Drive , Toronto, M6R 2Z9, Toronto
| 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 | $1,995,000 |
| Taxes: | $7556.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 505 Parkside Drive , Toronto, M6R 2Z9, Toronto |
| Postal Code: | M6R 2Z9 |
| Province/State: | Toronto |
| Legal Description: | PT LT 58-59 PL 1226 TORONTO PT 5 63R3562 |
| Directions/Cross Streets: | Parkside Ave and Bloor St W |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2024.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | Yes |
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| ROYAL LEPAGE TERREQUITY BESPOKE REALTY |
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Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto W01 |
| Neighbourhood: | High Park-Swansea |
| Tax: | $7,556 |
| Fireplace: | N |
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