506 Adelaide Street W, Toronto, ON M5V 1T5
- $2,100,000
- 4
- BD
- 3
- BA
- 2,000
- SqFt
- List Price
- $2,100,000
- MLS#
- C13832346
- Status
- ACTIVE
- Type
- Condo
- SubType
- Att/Row/Townhouse
- Style
- 3-Storey
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Toronto
- Area
- Toronto
- Neighborhood
- Waterfront Communities C1
- Subdivision
- Bathurst St & Adelaide St W
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.
Additional Information
- Taxes
- $23,559
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- None
- Kitchens
- 2
- Exterior
- Other
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 2
- Parking Type
- Lane
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Listing courtesy of HARVEY KALLES REAL ESTATE LTD..