$2,100,000.00

506 ADELAIDE STREET W, Toronto (Waterfront Communities), Ontario, M5V1T5, Canada Listing ID: C13832346
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Bathrooms Bedrooms Property Type
3 4 Single Family

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) (id:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 23 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 506 ADELAIDE STREET W (C13832346)
Room Details
Level Type Length Width Dimensions
Second level Living room 5.97 m 2.87 m 5.97 m x 2.87 m
Second level Kitchen 4.88 m 2.13 m 4.88 m x 2.13 m
Second level Bedroom 4.39 m 2.03 m 4.39 m x 2.03 m
Second level Bedroom 2.84 m 2.74 m 2.84 m x 2.74 m
Third level Bedroom 2.97 m 2.24 m 2.97 m x 2.24 m
Third level Kitchen 3.76 m 2.24 m 3.76 m x 2.24 m
Third level Bedroom 4.39 m 2.24 m 4.39 m x 2.24 m
Lower level Other 8.71 m 4.57 m 8.71 m x 4.57 m
Main level Other 8.86 m 3.45 m 8.86 m x 3.45 m
Main level Other 4.93 m 2.18 m 4.93 m x 2.18 m
Main level Other 2.84 m 2.49 m 2.84 m x 2.49 m
Main level Other 2.92 m 4.04 m 2.92 m x 4.04 m
Additional Information
Amenity Near By Park, Public Transit, Schools
Features Lane
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership Freehold
Parking
  • Name - No Garage
Transaction For sale
Building
Bathroom Total 3
Bedrooms Total 4
Bedrooms Above Ground 4
Appliances Stove, Refrigerator
Basement Development Unfinished
Basement Type N/A (Unfinished)
Construction Style Attachment Attached
Cooling Type None
Fireplace Present
Flooring Type Hardwood, Tile
Foundation Type Unknown
Heating Fuel Natural gas
Heating Type Forced air
Size Interior 2000 - 2500 sqft
Stories Total 3
Type Row / Townhouse
Utility Water Municipal water
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