506 Adelaide Street W, Toronto, ON M5V 1T5
Waterfront Communities, Toronto · Near Bathurst St & Adelaide St W · View map
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/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
The home
- Type
- Store w apt / office
- Square footage
- 1517.71 sq ft
- Lot size
- 16.5 x 85 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Partial
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $23,560/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Bathurst St & Adelaide St W
- Neighbourhood
- Waterfront Communities
More
- MLS® number
- C13832474
No matching details. Ask Will instead
No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
506 Adelaide Street, Toronto, ON M5V 1T5
Waterfront Communities, Toronto · Near Bathurst St & Adelaide St W
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Listing history for 506 Adelaide Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 506 Adelaide Street W
Answers come straight from this home’s MLS® listing.
How much is 506 Adelaide Street W listed for, and what would it cost each month?
506 Adelaide Street W is listed for $2,100,000. With 20% down ($420,000), the mortgage payment would be roughly $8,471 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $10,434 a month, all in. That figure is an illustration, not a quote.
Is 506 Adelaide Street W freehold or a condo, and is there a monthly fee?
506 Adelaide Street W is a store w apt / office in Waterfront Communities, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 506 Adelaide Street W have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 506 Adelaide Street W?
506 Adelaide Street W is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 506 Adelaide Street W, and what is the lot size?
The lot is listed as 16.5 x 85 ft.
How is 506 Adelaide Street W heated and cooled?
Heating is gas forced air closed. Cooling is partial.
What are the property taxes for 506 Adelaide Street W?
Property taxes are $23,560 a year (2026), or about $1,963 a month.
Where is 506 Adelaide Street W?
506 Adelaide Street W is in the Waterfront Communities community of Toronto. The nearest main intersection is Bathurst St & Adelaide St W. The postal code is M5V 1T5.
Is 506 Adelaide Street W still for sale?
Yes. It is an active listing (MLS® C13832474). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 506 Adelaide Street W asking?
Similar properties for sale nearby right now include 506 Adelaide Street W at $2,100,000 (4 bed), 322 Adelaide Street W at $2,095,000 and 1300 - 130 Queens Quay E at $2,250,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 506 Adelaide Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 506 Adelaide Street W?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Waterfront Communities, picked by style, size and price.
Freehold townhouse$2,100,000506 Adelaide Street W, Toronto4 bed · 3 bath · Waterfront CommunitiesCourtesy of: HARVEY KALLES REAL ESTATE LTD.View home →
Commercial retail$2,095,000322 Adelaide Street W, TorontoWaterfront CommunitiesCourtesy of: RE/MAX REALTRON REALTY INC.View home →
Office$2,250,0001300 - 130 Queens Quay E, TorontoWaterfront CommunitiesCourtesy of: ROYAL LEPAGE SIGNATURE REALTYView home →Courtesy of: HARVEY KALLES REAL ESTATE LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.