$2,985,000

For sale

511 Mount Pleasant Road, Toronto (Mount Pleasant East) - Single Family for Sale

511 Mount Pleasant Road, Toronto (Mount Pleasant East), Ontario, M4S2M4

3 beds6 baths1 parking16 × 114 ft (1,843 sq ft) lot sizeListed 49 days ago

Overview

This 3-bedroom, 6-bathroom home in Toronto is for sale. It has been on the market 49 days, fresher than the Toronto average of 55 days.

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Description

A rare live/work opportunity on Mt. Pleasant Road in the heart of Davisville Village. Substantially built out over three storeys plus a full basement, this impressive mixed-use property offers approximately 4,267 sq. ft. above grade and exceptional flexibility for an entrepreneur, professional or business owner looking to bring home and work together under one roof. The main floor and full basement offer substantial commercial space with direct Mt. Pleasant frontage, while the second floor is divided into two additional commercial spaces, providing the option to accommodate your own business needs while retaining complementary rental income. The entire third floor is dedicated to a spacious three-bedroom, two-bathroom residential suite with private outdoor space, creating a true owner's retreat completely removed from the commercial activity below. With current tenancies on a month-to-month basis, the property provides flexibility for a new owner to shape the building around their own needs. Surrounded by an established residential community, restaurants, amenities and transit, this is a unique opportunity to put down both personal and professional roots in the heart of Davisville Village. (id:66096)

Property Details

MLS®: C13802212
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 6
Half Baths: 2
Parking: 1
Lot Size: 16 × 114 ft (1,843 sq ft)
Frontage: 16 ft
Storeys: 3
Basement: Finished, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Carport
Property Tax: $23,385/yr
Listed: 49 days ago

Features

Appliances: Water Heater
Foundation: Block
Exterior: Stucco
Lot Features: Lane

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Toronto (Mount Pleasant East) listings, avg age

55d

List price

$2.98M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Mount Pleasant East) has been listed for 49 days, which is 6 days fresher than the city average of 55. Act while there is still low competition.

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Listed by BOSLEY REAL ESTATE LTD. · JEN LASCHINGER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4S)

This home lists at $2,985,000, about 33.9× the local median household income of $88,000.

Carrying it typically needs a household income of about $583,075 (20% down, 25-yr amortization, stress-tested) — roughly 563% above the area median.

Median household income: $88,000
Population: 30,754
Median age: 38
Owner / renter: 39% / 61%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M4S)

$2,985,000

For sale

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Full Cost Breakdown

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Down Payment20% · $597,000

Min 20%50%

Mortgage payment$12,730/mo

Property tax (est.)$1,949/mo

Total monthly$14,679

Cash Needed to Close

Down payment (20%)$597,000

Land transfer tax$122,200

Est. closing costs$11,455

Total cash needed$730,655

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