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$ 2,100,000
Est. payment /mo
New
506 Adelaide ST W Toronto C01, ON M5V 1T5
4 Beds
3 Baths
1,518 Sqft Lot
UPDATED:
Key Details
Property Type Townhouse
Sub Type Att/Row/Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Municipality Toronto C01
Subdivision Waterfront Communities C1
MLS Listing ID C13832346
Style 3-Storey
Bedrooms 4
Annual Tax Amount $23,559
Tax Year 2026
Lot Size 1,518 Sqft
Property Sub-Type Att/Row/Townhouse
Property Description
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.
Location
State ON
County Toronto
Community Toronto C01
Area Toronto
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Lane
Pool None
View City
Roof Type Unknown
Lot Frontage 16.45
Lot Depth 85.0
Total Parking Spaces 2
Building
Unit Features Library,Park,Public Transit,School
Foundation Unknown
Others
ParcelsYN No
Listed by HARVEY KALLES REAL ESTATE LTD.