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?merolinx 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)
The home
- Type
- Freehold townhouse
- Style
- 3-Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 4
- Bathrooms
- 3
- Kitchens
- 2
- Rooms
- 10
- Basement
- Unfinished
- Lot size
- 16.5 x 85 ft
- Faces
- North
- View
- City
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Lane
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
- Price per sq ft
- ~$933 (at 2,250 sq ft)
- Listed
- Sep 26, 2026 · 15 days ago
- MLS® number
- C13832346
No matching details. Ask Will instead
The home and its surroundings
- Library
- Park
- Public Transit
- School
- 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.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every townhouse.
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 a freehold or a condo townhouse, and is there a monthly fee?
506 Adelaide Street W is a freehold townhouse 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.
How many bedrooms and bathrooms does 506 Adelaide Street W have?
506 Adelaide Street W has 4 bedrooms and 3 bathrooms. The listing gives the style as 3-storey.
Does 506 Adelaide Street W have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 506 Adelaide Street W have a finished basement?
The listing describes the basement as unfinished.
How big is 506 Adelaide Street W, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 16.5 x 85 ft.
How is 506 Adelaide Street W heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
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.
How long has 506 Adelaide Street W been on the market?
506 Adelaide Street W was listed on September 26, 2026. It has been on the market for 15 days. It is an active listing (MLS® C13832346). Listings here update from the board through the day and come down once a home sells.
What are similar townhouses near 506 Adelaide Street W asking?
Similar townhouses for sale nearby right now include 26 Caroline Avenue at $1,848,000 (4+1 bed), 201 Seaton Street at $1,590,000 (4 bed) and 621B&C The Queensway at $1,950,000 (3+2 bed). 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 647-619-2256.
Have a different question? Ask about this townhouse and get an answer, usually within the hour.
Similar townhouses nearby
More townhouses for sale near Waterfront Communities, picked by type, size and price.
Freehold townhouse$1,848,00026 Caroline Avenue, Toronto4+1 bed · 5 bath · South RiverdaleCourtesy of: CHESTNUT PARK REAL ESTATE LIMITEDView townhouse →
Freehold townhouse$1,590,000201 Seaton Street, Toronto4 bed · 3 bath · Cabbagetown-South St. James TownCourtesy of: RE/MAX PLUS CITY TEAM INC.View townhouse →
Freehold townhouse$1,950,000621B&C The Queensway, Toronto3+2 bed · 3 bath · Stonegate-QueenswayCourtesy of: RE/MAX IMPERIAL REALTY INC.View townhouse →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.