


























506 Adelaide Street W
Waterfront Communities C1, Toronto
$2,100,000
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.
No extras listed.
Visit this home
Pick a time that works for you.
No upcoming open houses.
Got questions?
Contact Sell with Strategy.


| Type | Att/Row/Townhouse |
| Style | 3-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $23,560 |
| Lot Size | 16.45 ft x 85 ft |
| mls© Number | C13832346 |
| Listed By | HARVEY KALLES REAL ESTATE LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $10,749
- Property tax
- $1,963
- Heat allowance
- $150
- Housing costs
- $12,862 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$396,000
gross annual household income
- Payment at 4%
- $8,837 / mo
- Cash down
- $420,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
Nearby listings
Comparable sales
- No similar listings found.






































































































































































































































































































