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For saleMLS® W13773246

505 Parkside Drive, Toronto, ON M6R 2Z9

High Park-Swansea · W01 · M6R 2Z9

$1,895,000

$936 / sq ft

1 months on market

Total area
2,024 sf
Lot
24.18 × 100.07 ft

What's special

  • Yes

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About this property

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.

Property details

Property

Property type
investment
Interior size
2,024 sq ft
Lot size
24.18 × 100.07 ft
Zoning
R (d0.6) (x675)
Possession
30/60/tbd

Interior

Heating
Radiant
Cooling
Yes

Costs

List price
$1,895,000
Property taxes
$7,688 / year (2026)
Price per sq ft
$936
Rental items
Heat pump (Reliance) on 2nd and Main floor (month-to-month)

Listing

MLS® number
W13773246
Status
For sale
Listed
September 11, 2026
Days on market
55
Last updated
October 29, 2026
Listing brokerage
ROYAL LEPAGE TERREQUITY BESPOKE REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 34% of comparable multi-unit / investment listings in Toronto are asking less.

$882KMedian $2.70M$8.27M
This home
$936 / sq ft
Comparable median
$697 / sq ft

Based on 95 comparable active multi-unit / investment listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $379,000
$379,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$8,382.22
Property tax (est.)
$640.71
Estimated monthly
$9,023

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$34,375
Toronto municipal
$34,375
Total due on closing
$68,750

An estimate on the asking price of $1,895,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE TERREQUITY BESPOKE REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,895,000

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