Commercial listings / Mixed-use / For sale
506 Adelaide Street W, Toronto, ON M5V 1T5
$2,100,000
- Property type
- Mixed-use (Store W Apt/Office)
- Transaction
- For sale
- Location
- Toronto C01, Toronto
- Building area
- 1,518 Square Feet
- MLS® number
- C13832474
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
Listing brokerage: HARVEY KALLES REAL ESTATE LTD.
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