Ground Floor+Lower Ground - 422 Adelaide Street W, Toronto, ON M5V 1S7
Waterfront Communities, Toronto · Near Spadina Ave & Adelaide St W · View map
About this home
Rare freestanding 3-level commercial building in the heart of King West, steps from King & Spadina - lower ground floor and ground floor for lease. 4,548 SF total across two 2,274 SF floors. Opportunity to lease one floor, blend two floors or the full building all together, totaling to 6,822 square feet. Street-level entrance and signage exposure on Adelaide St W, large storefront windows, hardwood floors, high clear height, LED lighting and washrooms on every level. Plus 2,394 SF of on-site outdoor space is available for potential parking and or patio. CRE zoning permits restaurant/hospitality, retail/showroom, wellness, fitness or office/creative users seeking their own building and brand presence. Surrounded by top restaurants, hotels and fitness studios, 504 King & 510 Spadina streetcars at the corner, and Whole Foods coming to King Toronto.
The home
- Type
- Commercial retail
- Square footage
- 4548 sq ft
- Lot size
- 52.3 x 87.5 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $25/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Spadina Ave & Adelaide St W
- Neighbourhood
- Waterfront Communities
More
- MLS® number
- C13836228
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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.
422 Adelaide Street, Toronto, ON M5V 1S7
Waterfront Communities, Toronto · Near Spadina Ave & Adelaide St W
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Listing history for 422 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 Ground Floor+Lower Ground - 422 Adelaide Street W
Answers come straight from this home’s MLS® listing.
How much is Ground Floor+Lower Ground - 422 Adelaide Street W listed for, and what would it cost each month?
Ground Floor+Lower Ground - 422 Adelaide Street W is listed for $65. With 20% down ($13), the mortgage payment would be roughly $0 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2 a month, all in. That figure is an illustration, not a quote.
Is Ground Floor+Lower Ground - 422 Adelaide Street W freehold or a condo, and is there a monthly fee?
Ground Floor+Lower Ground - 422 Adelaide Street W is a commercial retail 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 Ground Floor+Lower Ground - 422 Adelaide Street W have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is Ground Floor+Lower Ground - 422 Adelaide Street W?
Ground Floor+Lower Ground - 422 Adelaide Street W is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is Ground Floor+Lower Ground - 422 Adelaide Street W, and what is the lot size?
The lot is listed as 52.3 x 87.5 ft.
How is Ground Floor+Lower Ground - 422 Adelaide Street W heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for Ground Floor+Lower Ground - 422 Adelaide Street W?
Property taxes are $25 a year (2026), or about $2 a month.
Where is Ground Floor+Lower Ground - 422 Adelaide Street W?
Ground Floor+Lower Ground - 422 Adelaide Street W is in the Waterfront Communities community of Toronto. The nearest main intersection is Spadina Ave & Adelaide St W. The postal code is M5V 1S7.
Is Ground Floor+Lower Ground - 422 Adelaide Street W still for sale?
Yes. It is an active listing (MLS® C13836228). Listings here update from the board through the day and come down once a home sells.
What are similar properties near Ground Floor+Lower Ground - 422 Adelaide Street W asking?
Similar properties for sale nearby right now include 422 Adelaide Street W at $58, 505 Queen Street W at $60 and 273 Queen Street W at $55. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 422 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 Ground Floor+Lower Ground - 422 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.
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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.