For sale · Att/Row/Townhouse · 3-Storey
506 Adelaide Street W.
Waterfront Communities C1, Toronto, ON M5V 1T5
At a glance
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)
Home details
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The homeproperty type, style, size, heating
- Property type
- Att/Row/Townhouse
- Style
- 3-Storey
- Size
- 2,000–2,500 sq ft
- Heating
- Forced Air
- Cooling
- None
- Basement
- Unfinished
- Lot size
- 16.45 × 85 feet
- Possession
- Tbd
Parking and storageparking, garage
- Parking
- 2
- Garage
- None
Fees and taxesproperty taxes, price per sq ft
- Property taxes
- $23,560 (2026)
- Price per sq ft
- $933
Rooms12 rooms with sizes
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Second | 4.88 × 2.13 m | tile floor · combined w/living · w/o to terrace |
| Other | Main | 4.93 × 2.18 m | Hardwood Floor |
| Bedroom | Third | 4.39 × 2.24 m | Window |
| Other | Lower | 8.71 × 4.57 m | Unfinished |
| Bedroom | Second | 4.39 × 2.03 m | closet · window |
| Other | Main | 8.86 × 3.45 m | hardwood floor · large window |
| Other | Main | 2.84 × 2.49 m | Hardwood Floor |
| Living Room | Second | 5.97 × 2.87 m | Combined w/Kitchen |
| Other | Main | 2.92 × 4.04 m | Hardwood Floor |
| Bedroom | Third | 2.97 × 2.24 m | Window |
| Bedroom | Second | 2.84 × 2.74 m | Window |
| Kitchen | Third | 3.76 × 2.24 m | tile floor · double sink · window |
What is includedAppliances and fixtures
Existing Stove, Fridges, Furnace. One year FREE Property Management included, Ask LA for details
What it could cost each month
— a month, estimated
With 20% down. Includes property tax. Estimate only.
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- Mortgage insurance (added to loan)—
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Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.
Sale and listing history
Past sales at this address are for members
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The area
Listing brokerage · MLS® C13832346Harvey Kalles Real Estate Ltd.Data last updated Oct 2, 2026 5:01 pm.
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