505 Parkside Drive

FOR SALE
$2,199,000
505 Parkside Drive, Toronto
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
505 Parkside Drive
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5
BEDROOMS
4
BATHROOMS
4
KITCHENS
15
ROOMS
W13050314
MLSID
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Property 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 4.55%**, 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 cafés, 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 Features
Fenced Yard, Park, Public Transit, School, Library, Hospital, Carpet Free, Right Of Way
Property Details
Address
505 Parkside Drive
Postal Code
M6R 2Z9
Property Type
Detached, Detached
Lot Size
24' x 100'
Taxes
$7,556 (2025
Basement
Apartment
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
Listing contracted with Royal Lepage Terrequity Bespoke Realty
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4
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You need to see this absolutely beautiful 4+1 bedroom, 4 bathroom back-split nestled on a rare almost one acre pie-shaped ravine lot in one of North York's most sought-after neighbourhoods. Tucked away on a quiet crescent lined with mature trees and surrounded by excellent neighbours, this spacious home offers approximately 3000 sq ft of living space with an incredible layout designed for both comfortable family living and entertaining. Featuring a large dining room, expansive living and family rooms, and a spacious primary suite complete with a dressing room, this home offers endless possibilities. Enjoy four walk-outs, two walk-outs overlooking the beautiful ravine setting, creating a peaceful backyard oasis with direct access to nature and hiking trails. The finished basement includes a large recreation room, second kitchen, laundry area, additional bedroom, and ample storage - ideal for extended family, guests, or excellent in-law/rental income potential. Additional highlights include hardwood floors, updated electrical and modern lighting, wired internet throughout, in-ceiling speakers, security system, in-ground water system, two updated roofs (2018 & 2010), double car garage, and an oversized driveway accommodating up to 4-6 vehicles. Located just steps to places of worship, the Prosserman JCC (Fitness Centre, Indoor Running Track, 2 indoor saltwater pools, outdoor saltwater pool, sports courts etc) parks, Earl Bales trails, top tier schools, TTC transit, and only minutes to both Yonge & Sheppard and Sheppard West subway stations. Short drive to Yorkdale Mall and world-class shopping, dining, and amenities. A rare opportunity to own a spacious ravine property in one of the best neighbourhoods in North York - this is a must-see!
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