$2,100,000
506 Adelaide St W
Toronto C01, ON M5V 1T5
506 Adelaide St W, Toronto C01 — Listed at $2,100,000. 4 bedroom, 3 bathroom 3-Storey Townhouse. MLS® C13832346.
Possession · seller's timeline
Immediate
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Description
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
Property Insights
Listing Courtesy of: HARVEY KALLES REAL ESTATE LTD.
MLS® #C13832346
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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HouseIndex Take: 506 Adelaide Street W
This att/row/townhouse (3-Storey) is located in the Waterfront Communities C1 neighbourhood of Toronto.
The home offers 4 bedrooms, 3 bathrooms.
Features include a unfinished basement, 2 parking spaces.
Additional details: lot dimensions of 16.45 × 85 feet.
Listed at $2,100,000 CAD with annual property taxes of $23,559.64 (2026).
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About Toronto Real Estate
This Att/Row/Townhouse is located in the Waterfront Communities C1 community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity. Townhomes in Toronto offer a middle ground between condo convenience and freehold space, making them a strong choice for growing families.