506 Adelaide Street

Toronto (Waterfront Communities), Ontario M5V1T5

MLS # C13832346

$2,100,000

Property Details

Type

Townhouse

Beds

Baths

Status

For Sale

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About this property

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)

Mortgage Estimate

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Estimate only. Taxes, insurance, condo fees, and lender terms are not included.

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Property taxes: about $1,963/month based on listed annual taxes.

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Rooms

Room	Level	Dimensions
Other	Main level	8.86 x 3.45
Other	Main level	4.93 x 2.18
Bedroom	Third level	2.97 x 2.24
Other	Lower level	8.71 x 4.57
Other	Main level	2.84 x 2.49
Other	Main level	2.92 x 4.04
Living room	Second level	5.97 x 2.87
Kitchen	Second level	4.88 x 2.13
Bedroom	Second level	4.39 x 2.03
Bedroom	Second level	2.84 x 2.74
Kitchen	Third level	3.76 x 2.24
Bedroom	Third level	4.39 x 2.24