506 ADELAIDE STREET W, Toronto (waterfront Communities), ON M5V1T5
506 ADELAIDE STREET W, Toronto (waterfront Communities), ON M5V1T5
506 ADELAIDE STREET W, Toronto (waterfront Communities), ON M5V1T5
506 ADELAIDE STREET W, Toronto (waterfront Communities), ON M5V1T5
506 ADELAIDE STREET W, Toronto (waterfront Communities), ON M5V1T5
506 ADELAIDE STREET W, Toronto (waterfront Communities), ON M5V1T5
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Tony & Ledi Real Estate Team

Tony & Ledi Real Estate Team

+1(647) 493-3579
$ 2,100,000
Est. payment | /mo

4 Beds

3 Baths

Save
$ 2,100,000
Est. payment | /mo
Save

4 Beds

3 Baths

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Subdivision Waterfront Communities C1

MLS® Listing ID C13832346

Bedrooms 4

Property Sub-Type Townhouse

Property 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?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:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 5.97 m X 2.87 m Living room

Extra Room 2 Second level 4.88 m X 2.13 m Kitchen

Extra Room 3 Second level 4.39 m X 2.03 m Bedroom

Extra Room 4 Second level 2.84 m X 2.74 m Bedroom

Extra Room 5 Third level 2.97 m X 2.24 m Bedroom

Extra Room 6 Third level 3.76 m X 2.24 m Kitchen

Interior

Heating Forced air

Cooling None

Flooring Hardwood, Tile

Exterior

Parking Features No

View Y/N Yes

View City view

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

Ownership Freehold

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506 ADELAIDE STREET W