$2,100,000
( $1383.40Per Sq Foot )
 $11,273 est/mo Sourced by Back At You

506 Adelaide Street W,Toronto (Waterfront Communities), ON M5V1T5

Toronto (Waterfront Communities), ON M5V1T5

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Description

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 (id:13843)

Details

MLS #C13832474
Listing TypeFor Sale
StyleResidential Commercial Mix
StatusActive
Days On Site29
Listing Provided ByHARVEY KALLES REAL ESTATE LTD. | ERROL PAULICPULLE

Features

SQ Feet1,518
ZoningCRE (x76)

Interior

CoolingPartially air conditioned
HeatingForced air, Natural gas
Fireplace Yes / NoNo

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount23559.64

Area Information

ProvinceON
CityToronto (Waterfront Communities)
Postal CodeM5V1T5
Listing VS Median (in M5V1T5)
Price:
$2,100,000
low | high
Med:
$2,100,000
50% of Average
sqft:
1,518
low | high
Med:
1,759
34.123847167325% of Average
$ / sqft:
$1,383
low | high
Med:
$1,217
62.05% of Average
On site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Alex Winiarski

Alex Winiarski

Sutton Group - Quantum Realty Inc- Brokerage

Seniors Real Estate Specialist, REALTOR® (416) 455-9151alexwiniarski@sutton.com
ProvinceON
CityToronto (Waterfront Communities)
Postal CodeM5V1T5
Listing VS Median (in M5V1T5)
Price:
$2,100,000
low | high
Med:
$2,100,000
50% of Average
sqft:
1,518
low | high
Med:
1,759
34.123847167325% of Average
$ / sqft:
$1,383
low | high
Med:
$1,217
62.05% of Average
On site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.575M - $2.625M
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
29 DENISON AVENUE Property Photo 1
$1,579,000
29 Denison Avenue
Toronto (kensington-chinatown), ON M5T2M6
Listing Updated: October 2, 2026 at 11:36:18 AM PDT

Alex Winiarski - Sutton