506 Adelaide Street W, Toronto
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. One year FREE Property Management included, Ask LA for details (id:1945)
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Property details for 506 Adelaide Street W, Toronto
- Type
- Townhouse
- Bedrooms
- 4
- Bathrooms
- 3
- Lot Size
- 16.5 x 85 FT
- Stories
- 3
- Basement
- Unfinished, N/A
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Ownership
- Freehold
- Annual Taxes
- $23,560
Nearby Listings Stat
Estimated price and comparable properties near 506 Adelaide Street W
Active Listings
22
Min Price
$879,888
Max Price
$3,195,000
Avg Price
$1,696,849
Days on Market
37
days
Sold Listings
9
Min Sold Price
$1,129,000
Max Sold Price
$3,349,999
Avg Sold Price
$1,707,544
Days until Sold
82
days
Neighbourhood Census Data
Toronto, Ontario
Population
1,887
Median Age
34
Median Income
$57,088
Dwelling Value
$500,404
Housing Tenure
Owners 46%
Renters 54%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.5
Pop. Density: 12,775.9/km²
Avg Shelter Cost: $2,105/mo
Owners with Mortgage: 75%
Owners Spending 30%+: 36%
Tenants Spending 30%+: 45.3%
English only: 81.4%
English and French: 17.5%
Neither: 1.6%
Median Household Income: $77,397
Median Employment Income: $59,666
Price History
Listed
September 26, 2026
by HARVEY KALLES REAL ESTATE LTD.
Current Price
$2,100,000
Type
Townhouse
For Sale
