Mal Kearns

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506 ADELAIDE STREET W, Toronto, Ontario

$2,100,000

4 Beds
3 Baths

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:23309)

Listing ID: C13832346
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Living room	Second level	5.97 m x 2.87 m
Kitchen	Second level	4.88 m x 2.13 m
Bedroom	Second level	4.39 m x 2.03 m
Bedroom	Second level	2.84 m x 2.74 m
Bedroom	Third level	2.97 m x 2.24 m
Kitchen	Third level	3.76 m x 2.24 m
Bedroom	Third level	4.39 m x 2.24 m
Other	Lower level	8.71 m x 4.57 m
Other	Main level	8.86 m x 3.45 m
Other	Main level	4.93 m x 2.18 m
Other	Main level	2.84 m x 2.49 m
Other	Main level	2.92 m x 4.04 m

Details

Amenities Nearby: Park, Public Transit, Schools
Features: Lane
Ownership: Freehold
Parking Spaces: 2
Transaction: For sale
View: City view

Building

Appliances: Stove, Refrigerator
BasementType: N/A (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 4
Construction Style Attachment: Attached
Cooling: None
Fireplace Present: False
Flooring: Hardwood, Tile
Foundation: Unknown
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2000 - 2500 sqft
Stories Total: 3
Type: Row / Townhouse
Utility Water: Municipal water

Land

Amenities: Park, Public Transit, Schools
Sewer: Sanitary sewer
Size Frontage: 16 ft ,6 in
Size Irregular: 16.5 x 85 FT

Listing provided by HARVEY KALLES REAL ESTATE LTD.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 506 ADELAIDE STREET W in Toronto Ontario. It was last modified on September 26th, 2026. Contact Mal Kearns to schedule a viewing or to discover other Toronto homes for sale.

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