505 Parkside Drive

High Park-Swansea, Toronto, M6R 2Z9

$1,995,000

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Listed 38 days ago · MLS® W13773246

About this home

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.

Details

Type
Investment
Lot
24.18 × 100.07 ft
Garage
None
Property tax
$7,688 (2026)
Neighbourhood
High Park-Swansea
Municipality
Toronto W01

Heating, cooling and services

Heating
Radiant
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
2,024 Square Feet

More

Possession
30/60/tbd
Cross street
Parkside Ave and Bloor St W
Business type
Apts - 2 To 5 Units

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Keele Subway3 min walk
  • 🚇 High Park Subway9 min walk
  • 🚆 Exhibition GO3.8 km

Within a 10-minute walk: 3 grocery stores, 51 cafés and restaurants, 12 parks, 8 pharmacies. Nearest grocery: Fresh Picked Fruit Market (500 m). Nearest park: Indian Mound Traffic Island (200 m).

Schools nearby

Elementary

  • Mountview Alternative School Junior
    EQAO: Gr 6 reading 83%, math 83%
    6 min walk
  • Keele Street Public School
    EQAO: Gr 6 reading 98%, math 84%
    6 min walk
  • Howard Junior Public School
    EQAO: Gr 6 reading 93%, math 87%
    11 min walk
  • Indian Road Crescent Junior Public School
    EQAO: Gr 6 reading 84%, math 79%
    16 min walk

Secondary

  • Bishop Marrocco/Thomas Merton Catholic Secondary School Catholic
    EQAO: Gr 9 math 41%, literacy test 69%
    12 min walk
  • Lucy McCormick Senior School18 min walk
  • Humberside Collegiate Institute
    EQAO: Gr 9 math 80%, literacy test 96%
    18 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M6R

Owners / renters
51% / 49%
Median household income
$104,000
Average age
40
Children under 15
15%
Homes
16% detached, 11% high-rise
Commute by transit
23%
Population
19,349

Languages spoken most at home besides English: Polish 1.8%, Spanish 0.5%, Portuguese 0.5%, Ukrainian 0.4%.

Flood and conservation Regulated area

This address is inside a conservation-authority regulated area (Toronto and Region Conservation Authority): near a valley, stream, shoreline or wetland, where flooding or erosion can occur. New building, additions, pools or grading usually need a permit from the authority.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in High Park-Swansea (2025): 35% below the Toronto average, about the same from the year before.

  • Assault39% below average
  • Break and enter21% above average
  • Auto theft60% below average
  • Robbery41% below average
  • Theft from vehicles39% below average
  • Shootingsabout average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 5 active

  • 26 MOUNTVIEW AVE · 250 m
    Official Plan / Zoning By-law Amendment · Appeal Received · applied 2025
    Combined Official Plan & Zoning By-law Amendment application for two residential tall buildings (41-storey and 39-storey respectively) with a 6-storey podium.…
    Application details
  • 1728 BLOOR ST W · 150 m
    Site Plan · Under Review · applied 2023
    Site Plan Approval for a 19-storey mixed use building with a total of 99 new dwelling units. The building will have a total gross floor area (GFA) of 6860…
    Application details
  • 66 OAKMOUNT RD · 450 m
    Plan of Subdivision · Under Review · applied 2021
    Draft Plan of Subdivision for two development blocks.
    Application details
  • 66 PACIFIC AVE · 450 m
    Site Plan · NOAC Issued · applied 2020
    The proposed development would maintain the existing four rental buildings on the lands, while proposing to demolish two blocks of existing townhouses…
    Application details
  • 66 OAKMOUNT RD · 450 m
    Site Plan · NOAC Issued · applied 2020
    This is a site plan application that proposes one block of 5 3-storey townhouse, one 32 storey building, one 25 storey building, to be developed and added to…
    Application details
  • 1730 BLOOR ST W · 150 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2025
    Zoning By-law Amendment for a 25-storey mixed-use building and a total of 200 residential units with retail and office at grade.
    Application details

3 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Toronto and Region Conservation Authority open data. Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 6 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built R

Residential (with a site-specific exception).

  • ✅ Up to 6 homes on the lot (multiplex): a sixplex ward
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

No building permits at this address since 2014.

3 permits on this block of the street in the last 2 years, including 2 new homes.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

37 City street trees within 100 m, mostly maples. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE TERREQUITY BESPOKE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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