$2,100,000
Est. payment $9,298/moCalculate yours
506 Adelaide Street W, Toronto, ON M5V 1T5
Waterfront Communities C1, Toronto, ON M5V 1T5
- 4 Beds
- 3 Baths
- 2,000 Sq Ft
Listing courtesy of HARVEY KALLES REAL ESTATE LTD. MLS® C13832346
About this home
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)
Property details
Overview
- Property Type
- Att/Row/Townhouse
- Style
- 3-Storey
- For
- For Sale
- Status
- New
- Size
- 2,000 sqft
Interior
- Bedrooms
- 4
- Bathrooms
- 3
- Kitchens
- 2
- Basement
- Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Other
- Foundation
- Unknown
- Roof
- Unknown
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 16.45 x 85 Feet
- Parking
- None garage · 2 total
Financial
- Property Taxes
- $23,560 (2026)
Location
- Neighbourhood
- Waterfront Communities C1
- Cross Street
- Bathurst St & Adelaide St W
- Direction Faces
- North
Listing
- MLS® Number
- C13832346
- Days on Market
- 23
- Listed On
- 2026-09-25
- Possession
- TBD
- Listed By
- HARVEY KALLES REAL ESTATE LTD.
Rooms
Features
Interior
- Other
Property
- Library
- Park
- Public Transit
- School
Pool
- None
- Included
- Existing Stove, Fridges, Furnace. One year FREE Property Management included, Ask LA for details
- Excluded
- All Of Tenants Belongings. One year FREE Property Management included, Ask LA for details
- Rental items
- Hot Water Hear. One year FREE Property Management included, Ask LA for details
Mortgage calculator
Estimated mortgage payment
$9,298 per month
- Principal and interest
- $9,298
- Property tax
- $1,963
- Condo fees
- $0
- Estimated monthly cost
- $11,262
Your mortgage
- Mortgage amount
- $1,680,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,109,504
Cash to close
- Down payment
- $420,000
- Land transfer tax (Ontario + Toronto)
- $77,950
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $497,950
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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