Realestate

Property Details

1 of 27
$2,100,000
506 Adelaide Street, Toronto C01, ON M5V 1T5
4
3
MLS®C13832346
Property Type
Residential Freehold
Sub Type
Att/Row/Townhouse
Heating
Forced Air
Cooling
None
Lot Size
85 x 16.45 Feet
Approx Age
N/A
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.
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