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?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:67552)
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 |
| Flooring Type | Hardwood, Tile |
| 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 |
Rooms
| 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 |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
Contact Us
Contact us for more information
Errol Paulicpulle
Salesperson
incomepropertyguru.ca/
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www.linkedin.com/in/errolp/
2145 Avenue Road
Toronto, Ontario M5M 4B2
(416) 441-2888
www.harveykalles.com/
Lesia Szewczuk
Salesperson
2145 Avenue Road
Toronto, Ontario M5M 4B2
(416) 441-2888
www.harveykalles.com/
Afshin Noohi
Salesperson
8854 Yonge Street
Richmond Hill, Ontario L4C 0T4
(905) 731-2000
(905) 886-7556
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October 02 2026 05:54:44
Toronto Regional Real Estate Board
Harvey Kalles Real Estate Ltd., RE/MAX Your Community Realty