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505 Parkside Drive in Toronto: High Park-Swansea Commercial for sale (Toronto W01) : MLS®# W13773246

505 Parkside Drive Toronto M6R 2Z9 : High Park-Swansea

Main Photo: 505 Parkside Drive in Toronto: High Park-Swansea Commercial for sale (Toronto W01)  : MLS®# W13773246banner
$1,995,000 /For Sale
Prop. Type:
Commercial
MLS® Num:
W13773246
Status:
Active
Bus Major:
Apts - 2 To 5 Units
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 Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
2024 sq. ft. Square Feet
Total Area:
Switch units of measure2,024 sq. ft.
Lot Depth:
Switch units of measure100'1"
Lot Frontage:
Switch units of measure24'2"
Water supply:
Municipal
Zoning:
R (d0.6) (x675)
Heating type:
Radiant
Garage:
None
Parking Spaces:
1
Possession Details:
30/60/tbd
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$7,556 / 2026
Assessment:
$- / 2025
Toronto
Toronto W01
High Park-Swansea
Heat pump (Reliance) on 2nd and Main floor (month-to-month)
4 Stoves, 4 Fridges, 3 B/I Dishwashers, 2 Washers, 2 Dryers, Portable A/C (2), Portable heaters (3)
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Sep 11, 2026
Original Price:
Previous Price:
Listed by ROYAL LEPAGE TERREQUITY BESPOKE REALTY
Data was last updated September 13, 2026 at 04:15 AM (UTC)