$2,100,000
Available - For Sale
Listing ID: C13832474
506 Adelaide Street West , Toronto, M5V 1T5, Toronto
| 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. |
| Price | $2,100,000 |
| Taxes: | $23559.64 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 506 Adelaide Street West , Toronto, M5V 1T5, Toronto |
| Postal Code: | M5V 1T5 |
| Province/State: | Toronto |
| Legal Description: | PT LT 9 SEC H PL MILITARY RESERVE TORONT |
| Directions/Cross Streets: | Bathurst St & Adelaide St W |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 1517.71 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1518 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HARVEY KALLES REAL ESTATE LTD. |
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|
Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | Waterfront Communities C1 |
| Tax: | $23,559.64 |
| Fireplace: | N |
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