506 Adelaide Street W, Toronto (Waterfront Communities), Ontario M5V 1T5 (30332547)
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/Metrolinx 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) 2nd floor vaanting Novmeber 14th 2026 (id:27377)
Property Details
| MLS® Number | C13832474 |
| Property Type | Retail |
| Community Name | Waterfront Communities C1 |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
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) |
Contact Us
Contact us for more information
Errol Paulicpulle
Salesperson
https://incomepropertyguru.ca/
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2145 Avenue Road
Toronto, Ontario M5M 4B2
Lesia Szewczuk
Salesperson
2145 Avenue Road
Toronto, Ontario M5M 4B2
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October 02 2026 05:54:44
Toronto Regional Real Estate Board
Harvey Kalles Real Estate Ltd.