506 ADELAIDE STREET W, Toronto, Ontario M5V 1T5
$2,100,000.00
- 4 bedrooms
- 3 bathrooms
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, ... read more
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. (id:25417)
- Listing ID: C13832346
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 16.5 by 85 FT |
| Parking: | No Garage 2 Spaces |
| Building | |
|---|---|
| Type: | Single Family Row / Townhouse |
| Appliances: | Refrigerator and Stove |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Basement: | N/A (Unfinished) |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| City: | Toronto (Harbourfront-CityPlace) |
| Province: | Ontario |
| Nearby Amenities: | Park, Public Transit and Schools |
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