506 Adelaide Street W, Toronto, ON M5V 1T5
Waterfront Communities · C01 · M5V 1T5
$2,100,000
$1,050 / sq ft1 months on market
- Bedrooms
- 4
- Bathrooms
- 3
- Interior
- 2,000 sf
- Parking
- 2
- Lot
- 16.45 × 85 ft
What's special
- 2 parking spaces
- Finished basement
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)
Rooms
12 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Other | Main | 8.86 × 3.45 m29.1 × 11.3 ft | Hardwood Floor · Large Window |
| Other | Main | 4.93 × 2.18 m16.2 × 7.2 ft | Hardwood Floor |
| Other | Main | 2.84 × 2.49 m9.3 × 8.2 ft | Hardwood Floor |
| Other | Main | 2.92 × 4.04 m9.6 × 13.3 ft | Hardwood Floor |
| Living Room | Second | 5.97 × 2.87 m19.6 × 9.4 ft | Combined w/Kitchen |
| Kitchen | Second | 4.88 × 2.13 m16.0 × 7.0 ft | Tile Floor · Combined w/Living · W/O To Terrace |
| Bedroom | Second | 4.39 × 2.03 m14.4 × 6.7 ft | Closet · Window |
| Bedroom | Second | 2.84 × 2.74 m9.3 × 9.0 ft | Window |
| Kitchen | Third | 3.76 × 2.24 m12.3 × 7.3 ft | Tile Floor · Double Sink · Window |
| Bedroom | Third | 4.39 × 2.24 m14.4 × 7.3 ft | Window |
| Bedroom | Third | 2.97 × 2.24 m9.7 × 7.3 ft | Window |
| Other | Lower | 8.71 × 4.57 m28.6 × 15.0 ft | Unfinished |
Features
- Other
Property details
Property
- Property type
- townhouse
- Bedrooms
- 4
- Bathrooms
- 3
- Interior size
- 2,000 sq ft
- Lot size
- 16.45 × 85 ft
- Possession
- TBD
Interior
- Basement
- Unfinished
- Heating
- Forced Air · Gas
- Exposure
- North
Exterior & services
- Construction
- Other
- Parking spaces
- 2
- Sewer
- Sewer
Costs
- List price
- $2,100,000
- Property taxes
- $23,560 / year (2026)
- Price per sq ft
- $1,050
- Rental items
- Hot Water Hear. One year FREE Property Management included, Ask LA for details
Listing
- MLS® number
- C13832346
- Status
- For sale
- Listed
- September 26, 2026
- Days on market
- 39
- Last updated
- October 2, 2026
- Listing brokerage
- HARVEY KALLES REAL ESTATE LTD.
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 97% of comparable townhouse listings in Toronto are asking less.
- This home
- $1,050 / sq ft
- Comparable median
- $832 / sq ft
Based on 96 comparable active townhouse listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $9,289.01
- Property tax (est.)
- $1,963.30
- Estimated monthly
- $11,252
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $38,975
- Toronto municipal
- $38,975
- Total due on closing
- $77,950
An estimate on the asking price of $2,100,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
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