506 Adelaide Street W, Toronto (waterfront Communities) Property Listing: MLS® #C13832346

About 506 Adelaide Street W

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:36535)

Features of 506 Adelaide Street W

Listing #	C13832346
Price	$2,100,000
Bedrooms	4
Bathrooms	3.00
Acres	0.00
Type	Single Family
Sub-Type	Freehold

Community Information

Address	506 Adelaide Street W
Subdivision	Waterfront Communities C1
City	Toronto (waterfront Communities)
Province	Ontario
Postal Code	M5V1T5

Amenities

Amenities	Park, Public Transit, Schools
Utilities	Cable, Electricity, Sewer
Features	Lane
Parking Spaces	2
Parking	No Garage
View	City view
Is Waterfront	No
Has Pool	No

Interior

Appliances	Stove, Refrigerator
Heating	Natural gas Forced air
Cooling	None
Fireplace	No
# of Stories	3
Has Basement	No
Basement Type	N/A (Unfinished)
Basement Development	Unfinished

Exterior

Lot Description	16.5 x 85 FT
Foundation	Unknown

Listing Details

Office	Courtesy Of HARVEY KALLES REAL ESTATE LTD.

506 Adelaide Street W, Toronto (waterfront Communities), Ontario