506 Adelaide Street W
Waterfront Communities C1, Toronto, M5V 1T5
$2,100,000
Listed 24 days ago · MLS® C13832474
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
Details
- Type
- Store W Apt/Office
- Lot
- 16.45 × 85 ft
- Garage
- None
- Property tax
- $23,560 (2026)
- Neighbourhood
- Waterfront Communities C1
- Municipality
- Toronto C01
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Air conditioning
- Partial
- Utilities
- Available
Building and exterior
- Building area
- 1,518 Square Feet
More
- Possession
- TBD
- Cross street
- Bathurst St & Adelaide St W
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Osgoode Subway1.3 km
- 🚇 St. Andrew Subway1.3 km
- 🚆 Toronto Union Station GO1.7 km
Within a 10-minute walk: 21 grocery stores, 375 cafés and restaurants, 20 parks, 23 pharmacies. Nearest grocery: Loblaws (200 m). Nearest park: Portland Street Parkette (100 m).
Schools nearby
Elementary
- ALPHA Alternative Junior School3 min walk
- St. Mary Catholic School Catholic
EQAO: Gr 6 reading 100%, math 38%5 min walk - Ryerson Community School
EQAO: Gr 6 reading 65%, math 26%9 min walk - Niagara Street Junior Public School
EQAO: Gr 6 reading 100%, math 84%10 min walk
Secondary
- Oasis Alternative Secondary School3 min walk
- Downtown Vocal Music Academy of Toronto Private10 min walk
- Heydon Park Secondary School
EQAO: Gr 9 math 8%18 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area M5V
- Owners / renters
- 42% / 58%
- Median household income
- $91,000
- Average age
- 35
- Children under 15
- 6%
- Homes
- 0% detached, 97% high-rise
- Commute by transit
- 23%
- Population
- 59,912
Languages spoken most at home besides English: Mandarin 3.7%, Spanish 1.5%, Yue (Cantonese) 1%, Hindi 1%.
Flood and conservation No mapped hazard
Not inside a mapped flood plain or regulated area.
Screening maps only. Ask the conservation authority for a property inquiry before relying on this.
Safety
Major crime per resident in Wellington Place (2025): 31% above the Toronto average, down 8% from the year before.
- Assault52% above average
- Break and enter55% above average
- Auto theft57% below average
- Robberyabout average
- Theft from vehiclesabout average
- Shootings30% above average
Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).
Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.
Development nearby 43 active
-
689 KING ST W · 350 mOfficial Plan / Zoning By-law Amendment · Application Received · applied 2026Proposed 30-storey mixed-use development, comprised of hotel uses on the first 13-storeys, including a restaurant and 251 hotel suites, and residential uses…Application details
-
150 QUEENS WHARF RD · 450 mSite Plan · Application Received · applied 2026The 2025 Proposal is a 37-storey tower with a total of 268 units and ~350m2 of ground floor non-residential GFA. Of the 268 units, over 50% of the units are…Application details
-
539 KING ST W · 200 mPlan of Condominium · Under Review · applied 2025Draft Plan of Standard Condominium for 439 units.Application details
-
451 ADELAIDE ST W · 100 mOfficial Plan / Zoning By-law Amendment · Appeal Received · applied 2025Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.Application details
-
71 PORTLAND ST · 250 mSite Plan · Under Review · applied 2024Proposed mixed-use building containing 1,058 units, 23-storey and 27-storey towers atop a nine-storey base building.Application details
-
71 PORTLAND ST · 250 mSite Plan · Under Review · applied 2024Proposed 40-storey, 123 metre, mixed-use building containing 413 residential units.Application details
53 more within 500 m.
Rezoning, site plan, subdivision and condominium applications filed with the city.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.
Living here
Commute
To Union Station (downtown Toronto): 2 km. Transit times · Driving times
Coming transit
- 🚧 King West GO Transit200 m
- 🚧 Chinatown 500 m
- 🚧 Osgoode 1.3 km
Stations under construction or approved. Opening dates are the latest public estimates and often move.
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
What can be built CRE
Commercial Residential Employment (with a site-specific exception).
From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.
Heritage Protected
This address is on Toronto’s Heritage Register: Heritage Conservation District (Part V) (2024). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.
Building permits
No building permits at this address since 2014.
8 permits on this block of the street in the last 2 years, including 1 new home.
Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.
Trees
27 City street trees within 100 m. That’s fewer than the Toronto average of 42.
Trees on City boulevards only, not private yards or parks.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by HARVEY KALLES REAL ESTATE LTD..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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