506 Adelaide Street
Waterfront Communities C1, Toronto, M5V 1T5
For Sale
22.54 BTC
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4
BEDROOMS 3
BATHROOMS 2
KITCHENS 10
ROOMS C13832346
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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)
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Nearby Intersections
Property Features
Library, Park, Public Transit, School, Other, Lane
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Property Details
Property Type
Att/Row/Townhouse
Lot Size
16' x 85'
Acreage
1,517.7 Feet
Taxes
$23,560 (2026)
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Harvey Kalles Real Estate Ltd.
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