$2,100,000

For sale

506 Adelaide Street West, Toronto (Waterfront Communities) - Retail for Sale

506 Adelaide Street West, Toronto (Waterfront Communities), Ontario, M5V1T5

1,518 ft²16 × 85 ft (1,398 sq ft) lot sizeListed 39 days ago

Overview

This retail property in Toronto is for sale offering roughly 1,518 sq ft of space. It has been on the market 39 days, fresher than the Toronto average of 57 days.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

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 (id:66096)

Property Details

MLS®: C13832474
Property Type: Retail
Zoning: CRE (x76)
Interior Size: 1,518 ft²
Lot Size: 16 × 85 ft (1,398 sq ft)
Frontage: 17 ft
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $23,559.64/yr
Listed: 39 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

39d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,383

List price

$2.10M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This retail in Toronto (Waterfront Communities) has been listed for 39 days, which is 18 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · ERROL PAULICPULLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $2,100,000, about 23.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $410,204 (20% down, 25-yr amortization, stress-tested) — roughly 351% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$2,100,000· $1,383/ft²

For sale

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Financing

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