506 Adelaide Street W Toronto, Ontario M5V 1T5

$2,100,000

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. (id:55460)

Property Details

MLS® Number	C13832346
Property Type	Single Family
Community Name	Waterfront Communities C1
Amenities Near By	Park, Public Transit, Schools
Features	Lane
Parking Space Total	2
View Type	City View

Building

Bathroom Total	3
Bedrooms Above Ground	4
Bedrooms Total	4
Appliances	Stove, Refrigerator
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Construction Style Attachment	Attached
Cooling Type	None
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	2,000 - 2,500 Sqft
Type	Row / Townhouse
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Park, Public Transit, Schools
Sewer	Sanitary Sewer
Size Depth	85 Ft
Size Frontage	16 Ft ,6 In
Size Irregular	16.5 X 85 Ft
Size Total Text	16.5 X 85 Ft

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/30332395/506-adelaide-street-w-toronto-waterfront-communities-waterfront-communities-c1