Ken Matsumoto
Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades.
504 Adelaide Street, Waterfront Communities C1 M5V 1T5
Price
$2,600,000
Bedrooms
2 Beds
Bathrooms
2 Baths
Size
1100-1500 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$25807.89
Description
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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The Property Location
Calculate Your Monthly Mortgage Payments
Total Monthly Payment
$11,991 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$2,080,000
Total Interest Payments
$1,282,447
Total Payment (Principal + Interest)
$3,362,447
Get An Estimate On Selling Your House
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
Meet Ken Matsumoto
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
