$2,100,000
Available - For Sale
Listing ID: C13832474
506 Adelaide Street West , Toronto, M5V 1T5, Toronto
| 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. One year FREE Property Management included, Ask LA for details |
| Price | $2,100,000 |
| Taxes: | $23559.64 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 506 Adelaide Street West , Toronto, M5V 1T5, Toronto |
| Postal Code: | M5V 1T5 |
| Province/State: | Toronto |
| Legal Description: | PT LT 9 SEC H PL MILITARY RESERVE TORONT |
| Directions/Cross Streets: | Bathurst St & Adelaide St W |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 1517.71 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1518 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Partial |
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| HARVEY KALLES REAL ESTATE LTD. |
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Antonella Monte
Broker
Dir:
647-282-4848
Bus:
647-282-4848
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | Waterfront Communities C1 |
| Tax: | $23,559.64 |
| Fireplace: | N |
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