506 Adelaide Street W, Toronto - $2,100,000 | Modern Solution

506 Adelaide Street W, Toronto

506 Adelaide Street W, Toronto

506 Adelaide Street W in Toronto - 4 bedroom, 3 bathroom. Listed at $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. One year FREE Property Management included, Ask LA for details

Property Details

  • Property Type: Mortgage
  • Style: 3-Storey
  • Square Footage: 2250 sqft
  • Basement: Unfinished
  • Heating: Gas
  • Cooling: None
  • Parking: 2 spaces
  • Property Taxes: $23,559.64/yr
  • Neighbourhood: Waterfront Communities C1
  • Postal Code: M5V 1T5

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