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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  42 day

    AI Summary *

    • Mixed-use property featuring retail space on the main floor and basement.
    • Two recently updated residential units on the second and third floors.
    • Strong annual income of approximately $141,000 with a cap rate over 5%.
    • Historic character in a desirable King West/Fashion District location.
    • Potential for future redevelopment or adaptive reuse with proper 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? 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)
    Listing IDC13832346
    Address506 Adelaide Street
    CityToronto, Ontario
    Price$2,100,000
    Bed / Bath4 / 3 Full
    Style3-Storey, Att/Row/Townhouse
    ConstructionOther
    Land Size1517.71
    TypeResidential
    StatusFor Sale

    Subtype Att/Row/TownhouseIndoor Features OtherAmenities Library, Park, Public Transit, SchoolOwnership FreeholdViews CityBasement UnfinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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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
    4 3 $2,100,000
    Get more info