20
$2,950,000
507 Queen Street W, Toronto, ON M5V 2B4
Waterfront Communities · C01
3,550 sf
3 weeks on marketMLS® C14001256
Listing courtesy of CUSHMAN & WAKEFIELD
1 / 4
For saleMLS® C13852014
504 Adelaide Street W, Toronto, ON M5V 1T5
Waterfront Communities · C01 · M5V 1T5
$2,600,000
$1,713 / sq ft1 months on market
- Total area
- 1,517.71 sf
- Lot
- 16.75 × 85 ft
What's special
- Yes
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 the second floor. The residential unit has been recently updated; Annual income is approximately $108,000, providing strong holding income. The property's historic character and Adelaide Street West location add long-term appeal. Potential for future multi-unit residential development subject to municipal approvals, or adaptive reuse/user occupier such as professional or medical office, dental office. Buyer to verify all income, expenses, tenancies, heritage matters and development potential. NOTE: One seller is a Registered Real Estate Saleperson. Reported square footage is estimate and to be confirmed.
Property details
Property
- Property type
- retail
- Interior size
- 1,517.71 sq ft
- Lot size
- 16.75 × 85 ft
- Zoning
- CRE (x76)
- Possession
- tbd
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Costs
- List price
- $2,600,000
- Property taxes
- $25,808 / year (2026)
- Price per sq ft
- $1,713
Listing
- MLS® number
- C13852014
- Status
- For sale
- Listed
- October 1, 2026
- Days on market
- 34
- Last updated
- October 1, 2026
- Listing brokerage
- THE GREENHEART GROUP
Price & sale history
This property's sale history is hidden
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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 in line with comparable listings — about 61% of comparable retail listings in Waterfront Communities are asking less.
$42KMedian $2.10M$8.79M
- This home
- $1,713 / sq ft
- Comparable median
- $903 / sq ft
Based on 18 comparable active retail listings in Waterfront Communities. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $520,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $11,500.68
- Property tax (est.)
- $2,150.66
- Estimated monthly
- $13,651
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
- $51,475
- Toronto municipal
- $51,475
- Total due on closing
- $102,950
An estimate on the asking price of $2,600,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of THE GREENHEART GROUP. 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.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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