For sale 50$1,588,000
3+2 bed2 bath1,100–1,500 sq ft
128 Leacrest Road
Leaside, Toronto
1 month agoMLS® C13777500
RE/MAX CROSSROADS REALTY INC.
$2,100,000
506 Adelaide Street West
Waterfront Communities C1, Toronto, Ontario M5V1T5
For sale· Added
4 bed3 bath2,000–2,500 sqft
About this home
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)
Location
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Property details
Listing
- MLS® number
- C13832346
- Added
- Sep 26, 2026 ()
- Updated
- Oct 2, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Row / Townhouse
- Storeys
- 3
- Ownership
- Freehold
Inside
- Bedrooms
- 4
- Bathrooms
- 3
- Heating
- Forced air, Natural gas
- Cooling
- None
- Fireplace
- No
- Flooring
- Tile, Hardwood
- Appliances
- Refrigerator, Stove
- Features
- Lane
Building
- Basement
- Unfinished
- Parking
- No Garage · 2 spaces
Land
- Lot size
- 16.5 x 85 ft
- View
- City view
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity, Cable
Location
- Cross streets
- Bathurst St & Adelaide St W
Running costs
- Annual property tax
- $23,560
Rooms
| Other | Main level | 8.86 x 3.45 m |
| Other | Main level | 4.93 x 2.18 m |
| Bedroom | Third level | 2.97 x 2.24 m |
| Other | Lower level | 8.71 x 4.57 m |
| Other | Main level | 2.84 x 2.49 m |
| Other | Main level | 2.92 x 4.04 m |
| Living room | Second level | 5.97 x 2.87 m |
| Kitchen | Second level | 4.88 x 2.13 m |
| Bedroom | Second level | 4.39 x 2.03 m |
| Bedroom | Second level | 2.84 x 2.74 m |
| Kitchen | Third level | 3.76 x 2.24 m |
| Bedroom | Third level | 4.39 x 2.24 m |
$2,100,000
506 Adelaide Street West
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