$2,985,000
Toronto
511 Mount Pleasant Road, Toronto (Mount Pleasant East), Ontario, M4S2M4
This retail property in Toronto is for sale offering roughly 4,267 sq ft of space. It has been on the market 47 days, fresher than the Toronto average of 56 days.
A rare and versatile mixed-use opportunity on vibrant Mt. Pleasant Road in the heart of Davisville Village. Substantially built out over three storeys plus a full basement, this impressive property offers approximately 4,267 sq. ft. above grade, with a flexible combination of commercial and residential space. The main floor and full basement provide substantial commercial space with direct street exposure, while the second floor is divided into two separate commercial spaces at the front and rear, offering excellent flexibility for a variety of uses and multiple income streams. Above it all, the entire third floor offers a spacious three-bedroom, two-bathroom residential suite with private outdoor space-ideal as a potential owner's suite or additional income-producing component. Located along one of midtown Toronto's established neighbourhood main streets, surrounded by shops, restaurants and services, with excellent access to transit and the amenities of Davisville Village. Current tenancies are on a month-to-month basis, providing added flexibility for an investor or live/work. A unique opportunity offering significant square footage, multiple commercial spaces and residential accommodation under one roof. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 47 days on market, against an average age of 56 days across the listings currently for sale in this city
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.
This retail in Toronto (Mount Pleasant East) has been listed for 47 days, which is 9 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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.
Source: Statistics Canada, 2021 Census (FSA M4S)
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