4-Bedroom Residence in Toronto 506 Adelaide Street W
4 bed · 3 bath · 2,000+ sq ft · lot 16.5 x 85 FT
$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) (id:66639)
Property information
- Asking price
- $2,100,000
- Bedrooms
- 4
- Bathrooms
- 3
- Above grade
- 2,000+ sq ft
- Approx. asking $/sq ft
- $1,050 or less
- Lot
- 16.5 x 85 FT
- Parking
- 2 spaces
- Property tax
- $23,560 / yr
- Basement
- Unfinished
- MLS®
- C13832346
506 Adelaide Street W, Toronto · MLS® C13832346 · Courtesy of HARVEY KALLES REAL ESTATE LTD.