506 Adelaide Street W, Toronto (Waterfront Communities), Ontario

About 506 Adelaide Street W

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:6289)

More Info on this Waterfront Communities C1 Row / Townhouse MLS® listing

506 Adelaide Street W is a row / townhouse listing for sale in Toronto (Waterfront Communities). The MLS® number is C13832346. It features 4 bedrooms, 3 bathrooms. It's currently listed for $2,100,000. For more details on MLS® C13832346, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This row / townhouse listing in Waterfront Communities C1 is available now!

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