43.6459° N · 79.4008° W — Waterfront Communities C1, Toronto — MLS® #C13832346
506 Adelaide St
$2,100,000
Waterfront Communities C1, Toronto, Ontario M5V 1T5
- 4
- BedroomsBeds
- 3
- BathroomsBaths
- 2000-2500 sqft2000-2500
- SizeSq ft
- 16.45 x 85 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
506 Adelaide St is a 4-bedroom, 3-bathroom freehold townhouse in Waterfront Communities C1, Toronto, listed for sale at an asking price of $2,100,000 (MLS® C13832346).
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)
Listing readings
How it measures up
Scores from the listing record and the market around it.
73Good
Condition score
1 documented update signal
Listing age, structured features and disclosed update language; not an inspection.
5Shortfall
Cash flow quality
−$6,644/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 10 homes with 4 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $23,560 / 2026
- MLS® number
- C13832346
- Board
- TRREB MLS®
- Property Type
- Att/Row/Twnhouse
- Time on market
- Size
- 2000-2500 sqft
- Lot Size
- 16.45 x 85 ft
- Listed on
- Parking
- None, 2 Parking
Listing history
Listing activity for 506 Adelaide St, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,100,000 | N/A | For Sale | C13832346 |
Inside
Room by room
From the listing.
- Other3.45 × 8.86 mhardwood floor, Large Window
- Other2.18 × 4.93 mHardwood Floor
- Other2.49 × 2.84 mHardwood Floor
- Other4.04 × 2.92 mHardwood Floor
- Other4.57 × 8.71 mUnfinished
- Living2.87 × 5.97 mCombined W/Kitchen
- Kitchen2.13 × 4.88 mTile Floor, Combined W/Living, W/O To Terrace
- Br2.03 × 4.39 mCloset, Window
- Br2.74 × 2.84 mWindow
- Kitchen2.24 × 3.76 mTile Floor, Double Sink, Window
- Br2.24 × 4.39 mWindow
- Br2.24 × 2.97 mWindow
Property
- Property Type
- Att/Row/Twnhouse
- Style
- 3-Storey
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 2000-2500 sqft
- Construction
- Other
Inside
- Bedrooms
- 4
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc 2nd, 1 × 4pc 3rd, 1 × 3pc Main
- Basement Type
- Unfinished
- Kitchens
- 2
Parking
- Driveway
- Lane
- Garage Type
- None
- Additional Parking
- 2
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 16.45 ft
- Depth
- 85 ft
- Lot Size
- 16.45 x 85 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.3 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.3 km |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 1.4 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.7 km |
| Queen's Park Station | TTC subway: Line 1 Yonge-University | 1.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- Heritage and ravineAppliesOn the Heritage Register — Part V, by-law 1120-2024
- Heritage and ravineAppliesIn the King-Spadina Heritage Conservation District, by-law 1111-2017
- Heritage and ravineNone foundNot in the mapped ravine protection area
- ZoningCRE (x76)Commercial Residential Employment zone (CRE) · Chapter 50, section 50.10 of By-law 569-2013 · Exception 900.12.10(76)
- PermitsNone on fileNo building permits on file at this address.
- Signals nearby6 to note115 PORTLAND ST, Site plan, 60 m away · 135 PORTLAND ST, Condominium, 70 m away · 137 PORTLAND ST, Condominium, 70 m away · 139 PORTLAND ST, Condominium, 80 m away · 141 PORTLAND ST, Condominium, 80 m away · 143 PORTLAND ST, Condominium, 80 m away
- ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- railOn recordNearest rail line: 540 m
- trailOn recordA trail on the Ontario trail network within 1 km
- permitsOn record126 building permits issued within 250 m in the last 2 years
- devappsOn record47 open development applications within 250 m An application is a proposal: it may change, be refused or never be built.
- airportOn recordNearest airport: 1.4 km
- parcelOn recordMapped parcel: about 1,560 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
- water wellsNone in rangeNo water-supply well recorded within 250 m 143 test or monitoring holes also recorded.
- groundwaterOn recordGroundwater recorded about 11.1 m below ground nearby The middle water level in the well records within 500 m (586 records). It changes with the season and from spot to spot.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada The nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 1.2 km away. Only facilities above the inventory’s reporting thresholds are listed.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 40 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.
City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Lot
- Lot area
- 1,398 sq ft130 m²
- Street frontage
- 16.45 ft5 m
- Depth
- 85 ft25.9 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land transfer tax on this home
- Ontario land transfer tax
- $38,975
- Toronto municipal land transfer tax
- $38,975
- Total land transfer tax
- $77,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $69,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,100,000
- $2,500
- Ontario total
- $38,975
Toronto’s municipal tax uses the same brackets at this price, so it adds another $38,975.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- St Mary Catholic SchoolToronto CDSBCatholic · grades JK–8 · French Immersion75%Grade 6 average300 m
- Ryerson Community School Junior SeniorToronto DSBPublic · grades JK–8 · French Immersion52%Grade 6 average600 m
- Ogden Junior Public SchoolToronto DSBPublic · grades JK–672%Grade 6 average650 m
- École élémentaire Pierre-Elliott-TrudeauConseil scolaire ViamondeFrench-language public · grades JK–694%Grade 6 average1.3 km
SecondaryGrade 9 math 2024–25
- Heydon Park Secondary SchoolToronto DSBPublic · grades 9–128%Grade 9 math1.1 km
- City SchoolToronto DSBPublic · grades 9–12—1.2 km
- Msgr Fraser College (Southwest)Toronto CDSBCatholic · grades 9–12—1.6 km
- Collège français secondaireConseil scolaire ViamondeFrench-language public · grades 9–1286%Grade 9 math2.7 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$11,544
- Mortgage$9,581
- Property tax$1,963
A planning figure, not a quote.
Land transfer tax
$77,950
$69,475 for first-time buyers; Toronto adds its own tax.
Rent, similar homes
$4,900
a month, median asking rent of 10 similar homes in Waterfront Communities C1.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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