Status
For Sale
Price
$2,100,000
Category
Commercial
Size
1,518 SF
Neighbourhood
Waterfront Communities C1, Toronto
Address
506 Adelaide Street W, Toronto, ON
About this listing
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/Metrolinx 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) 2nd floor vaanting Novmeber 14th 2026
Listing courtesy of HARVEY KALLES REAL ESTATE LTD., distributed via CREA’s REALTOR.ca® Data Distribution Facility. Gitalis Real Estate is not the listing brokerage, we’re happy to represent you as your agent on this property.