Just Listed
Address
506 Adelaide Street W, Toronto, ON
Price
$ 2,100,000
Property Attributes
  • ID#C13832474
  • TypeCommercial
  • Listing Status New
  • CityToronto
  • AreaWaterfront Communities C1
  • NeighbourhoodWaterfront Communities C1
  • Postal CodeM5V 1T5
  • StyleStore W Apt/Office
  • Taxes$ 23559
  • Price$ 2,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1517
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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. One year FREE Property Management included, Ask LA for details

Price History
9/26/2026 Listed $2,100,000

General Features

Cooling Partial
Utilities Available
Security Features No
Heater Type Gas Forced Air Closed
Property Subtype Store W Apt/Office
Tax Year 2026
Lot Depth 85.0
County Toronto
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Toronto C01
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 23559.64
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 9 SEC H PL MILITARY RESERVE TORONTO AS IN CT856553; EXCEPT PART 1 ON EXPROPRIATION PLAN AT6643114 SUBJECT TO AN EASEMENT IN GROSS OVER PART 2 ON EXPROPRIATION PLAN AT6643114 AS IN AT6643114 CIT

Interior Features

Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type None
Spa No
Building Area Total 1517.71
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M5V 1T5

Price
AVG $2.1M
$2.1M
Taxes
AVG $23,559
$23,559
Visits
AVG 1
2
Data Provided by Inside Real Estate®