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)
About this home
Photos of 506 Adelaide Street W
Facts and features of 506 Adelaide Street W
| Type | Att/Row/Townhouse |
|---|---|
| Style | 3-Storey |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Size | 2000-2500 sq ft |
| Lot | 16.45 x 85 Feet |
| Parking | 2 |
| Garage | None |
| Heating | Forced Air |
| Cooling | None |
| Basement | Unfinished |
| Exterior | Other |
| Taxes | $23,560 (2026) |
| Days on market | 33 |
| Listing brokerage | HARVEY KALLES REAL ESTATE LTD. |
Around this home
What’s near 506 Adelaide Street W
From 506 Adelaide Street W, the nearest station is Osgoode station (Line 1 Yonge-University), about 1.3 km away; the nearest grocery store is Loblaws, about 200 m away; the nearest TDSB elementary school is ALPHA Alternative Junior School, about 200 m away; and the nearest park is Portland Street Parkette, about 50 m away.
Transit
- Osgoode station Line 1 Yonge-University about 1.3 km
- St Andrew station Line 1 Yonge-University about 1.3 km
- St Patrick station Line 1 Yonge-University about 1.4 km
Groceries and pharmacies
- Loblaws Grocery about 200 m
- Natural Foods Grocery about 250 m
- Shoppers Drug Mart Pharmacy about 250 m
- Fresh Picked Fresh Produce & Flowers Grocery about 250 m
- Pharmasave Pharmacy about 250 m
Parks
- Portland Street Parkette Park about 50 m
- Adelaide Place Parkette Park about 150 m
- The Alex Wilson Community Garden Park about 150 m
Schools
- ALPHA Alternative Junior School TDSB elementary · JK-6 about 200 m
- Ryerson Community School Junior Senior TDSB elementary · JK-8 EQAO 2024-25: Gr 6 reading 65% · Gr 6 math 26% about 600 m
- Delta Senior Alternative School TDSB middle school · 7-8 about 2.0 km
- St Mary Catholic School Catholic elementary · JK-8 EQAO 2024-25: Gr 6 reading 100% · Gr 6 math 38% about 300 m
- Oasis Alternative Secondary School TDSB secondary · 9-12 about 200 m
- Msgr Fraser College (Southwest) Catholic secondary · 9-12 about 1.6 km
Nearest schools, not necessarily the ones that serve this address. Check with the TDSB and TCDSB school locators.
Community
- Alexandra Park Community Centre Community centre about 650 m
- Fort York Library Library about 750 m
- The Bentway Skate Trail Pool or arena about 950 m
Private schools
- Boys
- Royal St. George's College Grades 3 to 12 about 2.8 km
- Co-ed
- Paul Penna Downtown Jewish Day School JK to Grade 8 about 2.3 km
- University of Toronto Schools (UTS) Grades 7 to 12 about 2.3 km
- Howlett Academy JK to Grade 8 about 2.5 km
- The Shire School JK to Grade 6 about 2.6 km
Within a 40-minute walk, from our list of private schools in central Toronto (checked October 2026). Fees and admissions on each school’s site. See all private schools
Restaurants
- Campechano Taqueria Google reviews about 0 m
- Boru Google reviews about 50 m
- Chubby's Jamaican Kitchen Google reviews about 50 m
- Little Sister Google reviews about 50 m
- VELA Google reviews about 100 m
Places: OpenStreetMap contributors, October 2026. Straight-line distances. Schools: EQAO 2024-25, Ontario Ministry of Education.
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506 Adelaide Street W
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506 Adelaide Street W
Listing information is deemed reliable but is not guaranteed accurate by PropTx or the Toronto Regional Real Estate Board. Data source: PropTx. Listings are refreshed from the MLS® at least daily.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Royal LePage Terrequity Seymour Real Estate, Brokerage. Independently owned and operated.
MLS® C13832346 Data source: PropTx Listed September 26, 2026
