506 Adelaide Street W, Toronto, ON M5V 1T5

About this residence

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.

Property details

Property type

Att/Row/Townhouse

Total rooms

10

Garage

None

Parking spaces

2

Annual taxes

$23,560 (2026)

Possession

Immediate

Directions

Bathurst St & Adelaide St W

Location