506 ADELAIDE STREET W, Toronto (Waterfront Communities)
4 BEDS · 3 BATHS · 2000 - 2500 sqft
$2,100,000
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)
General Info
| MLS Listing ID: C13832346 | Bedrooms: 4 | Bathrooms: 3 | Year Built: 0 |
| Listing Type: Single Family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Unknown | Roof: N/A | Title To Land: Freehold | Parking Space Total: 2 |
| Parking: No Garage | Heating: Forced air | Size: 2000 - 2500 sqft | Air Conditioning : None |
| Home Style: N/A | Finished Floor Area: Hardwood, Tile | Fireplaces: N/A | Basement: N/A (Unfinished) |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |
Amenities/Features
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