About 506 Adelaide Street W
Mixed-use investment opportunity in Toronto's King West/Fashion District. The main floor and basement provide retail commercial space, with one residential unit on each of the second and third floors. Both residential units have been recently updated; the second-floor unit is expected to be vacant by November 30. Annual income is approximately $141,000, providing strong holding income and a reported cap rate above 5%. The property's historic character and Adelaide Street West location add long-term appeal. Potential for future redevelopment or adaptive reuse, subject to heritage requirements and municipal approvals. Buyer to verify all income, expenses, tenancies, heritage matters and development potential.
Features of 506 Adelaide Street W
| MLS® # | C13832346 |
|---|---|
| Price | $2,100,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 2000-2500 |
| Type | Residential Freehold |
| Sub-Type | Att/Row/Townhouse |
| Style | 3-Storey |
| Status | Active |
Community Information
| Address | 506 Adelaide Street W |
|---|---|
| Area | Toronto |
| Subdivision | Waterfront Communities C1 |
| City | Toronto C01 |
| Province | ON |
| Postal Code | M5V 1T5 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Unfinished |
Exterior
| Exterior | Other |
|---|
Listing Details
| Office | HARVEY KALLES REAL ESTATE LTD. |
|---|