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506 Adelaide Street W

Waterfront Communities C1 Toronto M5V 1T5

$2,100,000

Residential Freehold beds: 4 baths: 3.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

C13832346

Bedrooms:

4

Bathrooms:

3

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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.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Att/Row/Townhouse

Home Style:

3-Storey

Total Approx Floor Area:

2000-2500

Lot Depth:

85'25.9 m

Lot Frontage:

16'5"5.01 m

Direction Faces:

North

Bedrooms:

4

Bathrooms:

3.0

Water supply:

Municipal

Kitchens:

2

Bedrooms Above Grade:

4

Kitchens Above Grade:

2

Rooms Above Grade:

10

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Unknown

Roof:

Unknown

Basement:

Unfinished

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Lane

Parking Spaces:

2

Total Parking Spaces:

2.0

Family Room:

No

Possession Details:

TBD

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Taxes:

$23,559.64 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C01

Listing Sub-Area:

Waterfront Communities C1

Property Features / Area Influences:

Library, Park, Public Transit, School

Interior Features:

Other

Inclusions:

Existing Stove, Fridges, Furnace

Exclusions:

All Of Tenants Belongings

Exterior Finish:

Other

Elevator:

No

View:

City

Other Details:

Utilities Cable:

Available

Utilities Telephone:

Available

Utilities Gas:

Yes

Utilities Hydro:

Yes

Utilities Water:

Yes

Sewers:

Yes

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Sep 26, 2026

Original Price:

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Previous Price:

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Listed by HARVEY KALLES REAL ESTATE LTD.

Data was last updated September 26, 2026 at 08:15 PM (UTC)

Area Statistics

Listings on market:

40

Avg list price:

$1,284,440

Min list price:

$718,000

Max list price:

$3,598,000

Avg days on market:

17

Min days on market:

1

Max days on market:

611

These statistics are generated based on the current listing's property type and located in Toronto C01. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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