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New5 hours ago

506 Adelaide Street W

Waterfront Communities C1, Toronto

$2,100,000

Freehold Townhouse|3-Storey
4 | 3 | 2
About this home

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.

Extras

No extras listed.

TypeAtt/Row/Townhouse
Style3-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$23,560
Lot Size16.45 ft x 85 ft
mls© NumberC13832346
Listed ByHARVEY KALLES REAL ESTATE LTD.

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