506 Adelaide Street W, Toronto, ON M5V 1T5
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?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)
📋 Property summary 8 details ▼
🏠 Interior 1 features ▼
🧱 Building & exterior ▼
⚡ Utilities ▼
📐 Rooms & dimensions 12 rooms · 4 levels ▼
🌳 Lot & land ▼
📦 Inclusions & exclusions ▼
Existing Stove, Fridges, Furnace. One year FREE Property Management included, Ask LA for details
All Of Tenants Belongings. One year FREE Property Management included, Ask LA for details
📃 Listing details ▼
Listing information sourced from TRREB MLS® via PropTx. This property is being represented by the listing brokerage shown above. Ishaan Verma of Royal LePage Certified Inc. is happy to represent buyers viewing this property.
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Location
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