MLS® listing
511 Mount Pleasant Road: store w apt/office for sale
$2,985,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 3500-5000 |
|---|---|
| Style | 3-Storey |
| Basement | Finished with Walk-Out |
| Lot width | 16.2 |
| Lot depth | 113.75 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 1 |
| Garage | Carport |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Property tax | $23,385 |
| Tax year | 2026 |
| Parking | Lane |
| Interior features | Separate Hydro Meter |
| Features | Library, Park, Public Transit, School |
Listing courtesy of BOSLEY REAL ESTATE LTD.. MLS® C13802212.
About this store w apt/office
511 Mount Pleasant Road is a 3 bedroom store w apt/office in TRREB's Mount Pleasant East community in Toronto, listed for sale at $2,985,000. The listing shows 6 bathrooms and 3500-5000 square feet. The style is given as 3-storey. The lot is listed as 16.2 by 113.75 feet. The listing gives the basement as finished with walk-out. It comes with 1 parking space and a carport garage according to the listing. The nearest main intersection given is Mt Pleasant and Davsville.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 511 Mount Pleasant Road
At the asking price of $2,985,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $2,985,000 |
|---|---|
| Ontario land transfer tax | $61,100 |
| Toronto municipal land transfer tax | $61,100 |
| Both taxes | $122,200 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $597,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $23,385 a year, about $1,949 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 16.2 by 113.75 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Mount Pleasant East
A neighbourhood of semi-detached and detached houses between Mount Pleasant Road and Bayview Avenue, with Line 5 Eglinton stations at both ends of its stretch of Eglinton Avenue East. From April to June 2026 the median sale across all property types was $1,382,500 (TRREB).
Transit: Line 5 Eglinton at Mount Pleasant station (Eglinton Avenue East and Mount Pleasant Road) and Leaside station (Eglinton Avenue East and Bayview Avenue). Line 1 at Davisville station on Yonge Street. TTC buses 74 Mount Pleasant, 103 Mount Pleasant North, 34 Eglinton, 11 Bayview and 28 Bayview South
| Property type | Median | Sales and average |
|---|---|---|
| All property types | Median $1,382,500 | 68 sales, average $1,523,642 |
| Detached | About $1,949,000 | 24 sales, average about $2,067,000 |
| Semi-detached | About $1,332,000 | 32 sales, average about $1,343,000 |
| Condo townhouse | About $1,355,000 | 4 sales, average about $1,334,000 |
| Condo apartment | About $699,000 | 8 sales, average about $712,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Mount Pleasant East
Is Mount Pleasant East a good place to live?
That depends on the home you need and how you travel. Most sales here are semi-detached and detached houses, with a semi-detached median of about $1,332,000 from April to June 2026 (TRREB). Line 5 Eglinton stops at Mount Pleasant and Leaside stations. The area also has a public library branch and a City community centre.
How much does a house cost in Mount Pleasant East?
From April to June 2026 TRREB recorded 32 semi-detached sales with a median of about $1,332,000 and 24 detached sales with a median of about $1,949,000. The median across all 68 sales was $1,382,500.
Is Mount Pleasant East on the subway?
Line 5 Eglinton runs along Eglinton Avenue East, with Mount Pleasant station at Mount Pleasant Road and Leaside station at Bayview Avenue. Mount Pleasant station is one stop east of Eglinton station, where Line 5 meets Line 1 (TTC).
Are there condos in Mount Pleasant East?
Some. TRREB recorded 8 condo apartment sales from April to June 2026 with a median of about $699,000, plus 4 condo townhouse sales. In the 2021 Census 30.1% of private dwellings in the City's Mount Pleasant East profile were in apartment buildings of five or more storeys.
Read the Mount Pleasant East neighbourhood guide · All Mount Pleasant East homes for sale
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Questions about 511 Mount Pleasant Road
How much is land transfer tax on 511 Mount Pleasant Road?
At the asking price of $2,985,000 the Ontario tax is $61,100 and the Toronto tax is $61,100, $122,200 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 511 Mount Pleasant Road?
$597,000 at the asking price of $2,985,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 511 Mount Pleasant Road?
The listing shows $23,385 a year for 2026, about $1,949 a month.
How do I book a showing for 511 Mount Pleasant Road?
Use the form on this page or call us. Quote MLS® C13802212. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 511 Mount Pleasant Road still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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