506 Adelaide Street W
Toronto
M5V 1T5
$2,100,000
Residential Freehold
beds: 4
baths: 3.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- C13832346
- Bedrooms:
- 4
- Bathrooms:
- 3
- Photos (18)
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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. One year FREE Property Management included, Ask LA for details
- Property Type:
- Residential Freehold
- Property Sub Type:
- Att/Row/Townhouse
- Home Style:
- 3-Storey
- Total Approx Floor Area:
- 2000-2500
- Lot Depth:
- 85'
- Lot Frontage:
- 16'5"
- Direction Faces:
- North
- Bedrooms:
- 4
- Bathrooms:
- 3.0
- Water supply:
- Municipal
- Kitchens:
- 2
- Bedrooms Above Grade:
- 4
- Kitchens Above Grade:
- 2
- Rooms Above Grade:
- 10
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Unknown
- Roof:
- Unknown
- Basement:
- Unfinished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Lane
- Parking Spaces:
- 2
- Total Parking Spaces:
- 2.0
- Family Room:
- No
- Possession Details:
- TBD
- Pool:
- None
- HST Applicable To Sale Price:
- Not Subject to HST
- Taxes:
- $23,559.64 / 2026
- Assessment:
- $- / -
- Toronto
- Toronto C01
- Waterfront Communities C1
- Library, Park, Public Transit, School
- Other
- One year FREE Property Management included, Ask LA for details
- Existing Stove, Fridges, Furnace. One year FREE Property Management included, Ask LA for details
- All Of Tenants Belongings. One year FREE Property Management included, Ask LA for details
- Other
- No
- City
- Utilities Cable:
- Available
- Utilities Telephone:
- Available
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated September 27, 2026 at 08:15 PM (UTC)
Area Statistics
- Listings on market:
- 40
- Avg list price:
- $1,288,940
- Min list price:
- $718,000
- Max list price:
- $3,598,000
- Avg days on market:
- 17
- Min days on market:
- 1
- Max days on market:
- 612
These statistics are generated based on the current listing's property type
and located in
Toronto C01. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- JODIE JAKOBCZAK
- PSR BROKERAGE
- 1 (416) 2743521
- Contact by Email
ENGEL&VÖLKERS TORONTO CITY, BROKERAGE-YORK REGION
1700 King Rd #22,
King City, ON L7B 0N1
Canada