18
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Est. payment /mo
4 Beds
3 Baths
Active
506 Adelaide ST W Toronto C01, ON M5V 1T5
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Key Details
Property Type Condo, 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
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?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)
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features Other
Cooling None
Inclusions Existing Stove, Fridges, Furnace. One year FREE Property Management included, Ask LA for details
Exterior
Parking Features Lane
Pool None
View City
Roof Type Unknown
Lot Frontage 16.45
Lot Depth 85.0
Total Parking Spaces 2
Building
Foundation Unknown
Others
Senior Community No
ParcelsYN No
Listed by HARVEY KALLES REAL ESTATE LTD.
NEARBY SCHOOL & BUSINESS
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