506 Adelaide Street W
Toronto (Waterfront Communities), ON M5V 1T5
- —Bedrooms
- —Bathrooms
- —Garage
- —Sq Ft
- $23,560Tax
- 16×85 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 506 Adelaide Street W, Toronto, Waterfront Communities
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 506 Adelaide Street W, Toronto, Waterfront Communities
Summarized Description
- Located in Toronto's King West/Fashion District
- Two updated residential units available
- Strong annual income of $141,000
- Cap rate exceeds 5%, indicating good investment
- Historic character enhances long-term appeal
- Potential for redevelopment with approvals
- Free property management for one year
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/Metrolinx 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) 2nd floor vaanting Novmeber 14th 2026
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $23,560
- Land Transfer Tax Fee
- $77,950
Rental Items
- Rental Equipment
- One year FREE Property Management included, Ask LA for details
Interior Features
- Security Features
- No
- Fireplace/Stove
- No
- Elevator
- No
Building
- Building Type
- Store W Apt/Office
Lot
- Lot Front
- 16.45 ft
- Lot Depth
- 85.00 ft
Inclusions
- Inclusions
- Existing Stove, Fridges, Furnace One year FREE Property Management included, Ask LA for details
Exclusions
- Exclusions
- All Of Tenants Belongings
Parking & Garages
- Garage Type
- None
Heating & Cooling
- Heat Type
- Gas Forced Air Closed
- Air Conditioning
- Partial
- Water
- Municipal
- Municipality
- Toronto
- Neighbourhood
- Waterfront Communities
- Main cross streets
- Bathurst St & Adelaide St W
- Zoning
- CRE (x76)
- Directions
- Bathurst St & Adelaide St W
- MLS® number
- C13832474
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-09-25
- Updated on
- 2026-10-02
- Days on market
- 32 days
- Possession type
- Immediate
- Co-op commission
- 2.0%
- Seller
- Listed by
- HARVEY KALLES REAL ESTATE LTD.
Home Market Value
Current home valuation for 506 Adelaide Street W, Toronto, Waterfront Communities, Toronto, ON. Listed for $2,100,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 506 Adelaide Street W, Toronto, Waterfront Communities
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$420,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $1,680,000 | $1,575,000 | $1,470,000 | $1,365,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $8,203monthly | $7,690monthly | $7,177monthly | $6,665monthly |
Land Transfer Tax
$38,975
$38,975
$77,950
Around this home
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