506 Adelaide Street W Toronto, Ontario M5V 1T5
$2,100,000
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. (id:63381)
Property Details
| MLS® Number | C13832474 |
| Property Type | Retail |
| Community Name | Waterfront Communities C1 |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,518 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 85 Ft |
| Size Frontage | 16 Ft ,5 In |
| Size Irregular | 16.45 X 85 Ft |
| Size Total Text | 16.45 X 85 Ft |
| Zoning Description | Cre (x76) |
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September 26 2026 09:59:47
Toronto Regional Real Estate Board
Harvey Kalles Real Estate Ltd.