506 Adelaide Street W, Toronto, ON M5V 1T5
Toronto C01, ON, M5V 1T5 · Waterfront Communities C1
About this property
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. NOTE: One seller is a Registered Real Estate Saleperson. 2421 sq feet (2949 including basement)
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 3-Storey
- Construction: Other
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Att/Row/Townhouse |
| Architectural Style | 3-Storey |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Lot Size | 1,518 Feet |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $23,560 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Other
- Foundation Details
- Unknown
- Roof
- Unknown
- Basement
- Unfinished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Parking Features
- Lane
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 1517.71
- Lot Size Units
- Feet
- Lot Depth
- 85.00
- Lot Width
- 16.45
Community & Neighborhood
- Property Features
- Library, Park, Public Transit, School
Financial & Tax
- Tax Annual Amount
- $23,560
- Tax Year
- 2026
- Possession Type
- Immediate
- Possession Details
- TBD
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 10
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Toronto
- Cross Street
- Bathurst St & Adelaide St W
- Directions
- Bathurst St & Adelaide St W
- Special Designation
- Unknown
- Showing Requirements
- Go Direct
Location
506 Adelaide Street W, Toronto, ON M5V 1T5, Toronto C01, ON, M5V 1T5