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?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)
Features of 506 Adelaide Street W
| MLS® # | C13832346 |
|---|---|
| Price | $2,100,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 2,000 |
| 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. |
|---|