Triplex · For sale

505 Parkside Drive, Toronto

$1,895,000

Listing brokerage: ROYAL LEPAGE TERREQUITY BESPOKE REALTY · MLS® W13751916

Listing brokerage

ROYAL LEPAGE TERREQUITY BESPOKE REALTY

Type

Triplex

Deal

For sale

Category

Residential · Multi-unit homes

Bedrooms

5

Bathrooms

4

Size

2000-2500 sq ft

Lot

24.18 x 100.07 ft

Area

High Park-Swansea

MLS® number

W13751916

Description

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.

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