$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 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. NOTE: One seller is a Registered Real Estate Saleperson. 2421 sq feet (2949 including basement) (id:66946)
Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.