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506 Adelaide Street W, Toronto, ON M5V 1T5

$2,100,000
: 4
BD
: 3
BA
: 2,000
SqFt

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List Price: $2,100,000
MLS#: C13832346
Status: ACTIVE
Type: Condo
SubType: Att/Row/Townhouse
Style: 3-Storey
Bedrooms: 4
Bathrooms: 3
Living Area: 2000-2500
Province: ON
Municipality: Toronto
Area: Toronto
Neighborhood: Waterfront Communities C1
Subdivision: Bathurst St & Adelaide St W

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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)

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Additional Information

Taxes: $23,559
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Kitchens: 2
Exterior: Other
Garage Type: None
Pool: None
Parking Spaces: 2
Parking Type: Lane