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    For Sale - 506 Adelaide Street, Toronto, Ontario

    Est payment $10,084/mo
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    Views   1
    Time on Jump  7 day

    AI Summary *

    • Mixed-use property in a prime location in Toronto's trendy King West area.
    • Retail space on the main floor and basement for diverse income opportunities.
    • Two updated residential units above ready for immediate leasing.
    • Strong annual income of approximately $141,000 with a cap rate above 5%.
    • Potential for future redevelopment or adaptive reuse with municipal approvals.




    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
    Listing IDC13832474
    Address506 Adelaide Street
    CityToronto, Ontario
    Price$2,100,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Brokerage: HARVEY KALLES REAL ESTATE LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    506 Adelaide Street
    Toronto , Ontario
    $2,100,000
    Get more info