504 Adelaide Street W
Waterfront Communities C1, Toronto
$2,600,000
Mixed-use investment opportunity in Toronto's King West/Fashion District. The main floor and basement provide retail commercialspace, with one residential unit on the second floor. The residential unit has been recently updated; Annual income is approximately $108,000, providing strong holding income. The property's historic character and Adelaide Street West location add long-term appeal. Potential for future multi-unit residential development subject to municipal approvals, or adaptive reuse/user occupier such as professional or medical office, dental office. Buyer to verify all income, expenses, tenancies, heritage matters and development potential. NOTE: One seller is a Registered Real Estate Saleperson. Reported square footage is estimate and to be confirmed.
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| Type | Att/Row/Townhouse |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $25,808 |
| Lot Size | 16.75 ft x 85 ft |
| mls© Number | C13852040 |
| Listed By | THE GREENHEART GROUP |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $13,308
- Property tax
- $2,151
- Heat allowance
- $150
- Housing costs
- $15,609 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$480,000
gross annual household income
- Payment at 4%
- $10,941 / mo
- Cash down
- $520,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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