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New3 hours ago

506 Adelaide Street W

Waterfront Communities C1, Toronto

$2,100,000

Freehold Townhouse|3-Storey
4 | 3 | 2
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 and municipal approvals. Buyer to verify all income, expenses, tenancies, heritage matters and development potential.

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nest zoom realty
(416) 276-9973
TypeAtt/Row/Townhouse
Style3-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$23,560
Lot Size16.45 ft x 85 ft
mls© NumberC13832346
Listed ByHARVEY KALLES REAL ESTATE LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,749
Property tax
$1,963
Heat allowance
$150
Housing costs
$12,862 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $420,000
25-yr amortization

Income needed

$396,000

gross annual household income

Payment at 4%
$8,837 / mo
Cash down
$420,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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