506 Adelaide Street W,Toronto C01, ON M5V 1T5
Toronto C01, ON M5V 1T5
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?merolinx approval and municipal approvals. One year FREE Property Management included, Ask LA for details. NOTE: One seller is a Registered Real Estate Saleperson. 2421 sq feet (2949 including basement)
Details
| MLS # | C13832346 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 37 |
| Listing Provided By | HARVEY KALLES REAL ESTATE LTD. | C13832346 303500 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.03 |
| Property View | City |
Interior
| Interior Features | Other |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Unknown |
|---|---|
| Foundation Details | Unknown |
| View | City |
| Construction Materials | Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Lane |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 23559.64 |
|---|---|
| Tax Legal Description | PT LT 9 SEC H PL MILITARY RESERVE TORONTO AS IN CT856553; EXCEPT PART 1 ON EXPROPRIATION PLAN AT6643114 SUBJECT TO AN EASEMENT IN GROSS OVER PART 2 ON EXPROPRIATION PLAN AT6643114 AS IN AT6643114 CITY OF TORONTO |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 1T5 |
| Area | Waterfront Communities C1 |
| Listing VS Median (in M5V 1T5) | |
Price: $2,100,000 low | high Med: $2,100,000 On site: 37 low | high Med: 37 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 1T5 |
| Area | Waterfront Communities C1 |
| Listing VS Median (in M5V 1T5) | |
Price: $2,100,000 low | high Med: $2,100,000 On site: 37 low | high Med: 37 | |
