506, Adelaide, Waterfront Communities C1, Toronto, Residential Freehold
- 4 beds |
- 3 baths |
- 1518 SQFT
Description
Residential Freehold Att/Row/Townhouse For Sale.
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.
Property Features: Library, Park, Public Transit, School
Interior Features: Other
Cross Street: Bathurst St & Adelaide St W
Direction Faces: North
Key Facts
- Days on: 0 days
- Mls Status: New
- Bedrooms Total: 4
- Bedrooms Above Grade: 4
- Bathrooms Total Integer: 3
- Lot Width: 16.45
- Kitchens Total: 2
- Parking Total: 2
- Parking Spaces: 2
- Parking Features: Lane
- Garage Type: None
- Heat Source: Gas
- Heat Type: Forced Air
- Cooling: None
- Lot Size Area: 1517 SquareFeet
- Living Area Range: 2000-2500 Square Feet
Location 506, Adelaide, Waterfront Communities C1, Toronto
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