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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
Listed BY: ERROL PAULICPULLE, HARVEY KALLES REAL ESTATE LTD.

Amenities/Features


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