$2,100,000
506 ADELAIDE STREET W
Waterfront Communities, Toronto, ON
About this property
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) (id:66946)
Features
Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.