511 Mount Pleasant Rd
Mount Pleasant East, Toronto, Ontario M4S 2M4
- Bedrooms
- 3
- Bathrooms
- 6
- Size
- 3,500–5,000sq ft
- Per sq ft
- $702at the range’s middle
- Lot
- 16.2 x 113.75 ft
- Tax a year
- $23,3852026 tax year
- Parking
- 11 carport
- Days on market
- Members
The brief
About 511 Mount Pleasant Rd
511 Mount Pleasant Rd is a 3-bedroom, 6-bathroom home in Mount Pleasant East, Toronto, listed for sale at an asking price of $2,985,000 (MLS® C13802212).
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.
Insights
Condition Score
Good67/1005 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$11,693/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 homes with 3 bedrooms for lease in Mount Pleasant East right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $23,385 / 2026
- MLS® number
- C13802212
- Board
- TRREB MLS®
- Property Type
- Store W/Apt/Office
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 16.2 x 113.75 ft
- Listed on
- Parking
- 1 Carport, 1 Parking
Property details
Property
- Property Type
- Store W/Apt/Office
- Style
- 3-Storey
- Community
- Mount Pleasant East
- Municipality
- Toronto
Building
- Size
- 3500-5000 sqft
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 3
- Bathrooms
- 6
- Bathroom Details
- 2 × 2pc Lower, 2 × 3pc 2nd, 1 × 4pc 3rd, 1 × 5pc 3rd
- Basement Type
- Finished with Walk-Out
- Kitchens
- 1
Parking
- Garage Type
- Carport
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Frontage
- 16.2 ft
- Depth
- 113.75 ft
- Lot Size
- 16.2 x 113.75 ft
Additional
- Foundation
- Concrete Block
- Roof
- Flat
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 3 furnaces, 4 hot water heaters, AC, kitchen appliances, all elf's
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 511 Mount Pleasant Rd, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,985,000 | N/A | For Sale | C13802212 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $597,000
- Total mortgage amount
- $2,388,000
- Total interest payment
- $1,697,700
- Total purchase cost
- $4,682,700
- Mortgage payment
- $13,619/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
89%Monthly carrying cost
$15,568- Rent $3,875
- Shortfall $11,693
Rental income opens at $3,875, the median asking rent of 9 comparable homes for lease in Mount Pleasant East. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $61,100
- Toronto municipal land transfer tax
- $61,100
- Total land transfer tax
- $122,200
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $113,725
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 $2,985,000
- $24,625
- Ontario total
- $61,100
Toronto’s municipal tax uses the same brackets at this price, so it adds another $61,100.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 1,843 sq ft171 m²
- Street frontage
- 16.2 ft4.9 m
- Depth
- 113.75 ft34.7 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, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m42 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 47 building permits issued within 250 m in the last 2 years250 m
- 1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 6.2 km6.2 km
- Mapped parcel: about 1,850 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — North Toronto Treatment Plant, 2.5 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, Dotto One, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, 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.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
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.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
CR SS2 (x531)By-law
569-2013Municipality
Toronto1 x531
Site-specific exception 531: this site has rules of its own, written in the by-law.
2 SS2
Standards set 2: the setback, height and coverage rules the by-law applies to this zone.
3 Where this is written
Chapter 40, section 40.10 of By-law 569-2013 · Exception 900.11.10(531)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
4 building permits cleared at this address in the City’s file.
Building Permit Related(PS)Inspection
Plumbing - Proposal for interior alterations to existing stairs from basement to ground floor (retail) of existing mixed use building.
Issued August 8, 2013
Building Permit Related(MS)Inspection
HVAC - Proposal for interior alterations to existing stairs from basement to ground floor (retail) of existing mixed use building.
Issued August 8, 2013
Interior AlterationsClosed
Proposal for interior alterations to existing stairs from basement to ground floor (retail) of existing mixed use building.
Issued May 31, 2013
Other(BA)Inspection
Renovations to front of mixed use building for a new fascade
Issued August 15, 2001
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
551 MOUNT PLEASANT RDSite planUnder Review
Proposal to fully renovate and partially reconstruct the existing theatre. The existing historic front (west) facade fronting on Mount Pleasant Road will be retained. Construction plans include a new roof, full/new excavated basement, replacing the north, east and south walls, and full interior renovation. A new, 3 storey building addition to the rear (east) is proposed of approximately 1,076 sqm, which includes back of house and new loading area. A small addition is also proposed at the front of the building to create a third floor seating and lobby area. No parking spaces are proposed.
130 m away290 MERTON STSite planUnder Review
INACTIVE Site Plan application to permit a 13-storey building (49.65 metres to the top of the mechanical penthouse). The proposal includes 91 residential units as well as 58 parking spaces (reduced from 92) in a two- level underground parking garage (reduced from 3-levels).
420 m away276 MERTON STSite planUnder Review
INACTIVE Site Plan application to permit a 13-storey building (49.65 metres to the top of the mechanical penthouse). The proposal includes 91 residential units as well as 58 parking spaces (reduced from 92) in a two- level underground parking garage (reduced from 3-levels).
420 m away141 DAVISVILLE AVESite planUnder Review
Proposed 32-storey infill tower. The existing 20-storey. 313-unit rental apartment building currently on site will be retained. The proposed building will include approximately 423 new dwelling units (in a mix of studio, one-bedroom, two-bedroom, and three-bedroom units) across 24,026 square metres of residential gross floor area. On hold at applicant's request.
450 m away224 MERTON STSite planUnder Review
Site Plan Approval for a 40-storey mixed-use building having a non-residential gross floor area of 347.1 square metres, and a residential gross floor area of 28,700 square metres. 434 residential dwelling units are proposed.
490 m away8 PAILTON CRESSite planUnder Review
INACTIVE Application for Site Plan Approval of a proposed 35-storey mixed rental residential building, with retail at-grade along Pailton Cres, approximately 437 (previously 449 units) and 32.017.60m2 of GFA (previosuly 33,395m2 of GFA)
490 m away
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.
The market
Homes for sale in Mount Pleasant East right now
- For sale now
- 22
- Median asking price
- $499K
- New in 7 days
- 1
- Price cuts
- 14%
Middle half: $207K to $2.63M
8 in 28 days
3 listings
This home is asking 498% above the median, higher than three quarters of them.
See all homes in Mount Pleasant EastAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mount Pleasant Station | TTC light rail: Line 5 Eglinton | 800 m |
| Davisville Station | TTC subway: Line 1 Yonge-University | 900 m |
| Eglinton Station | TTC subway: Line 1 Yonge-UniversityTTC light rail: Line 5 Eglinton | 1 km |
| Leaside Station | TTC light rail: Line 5 Eglinton | 1.3 km |
| St Clair Station | TTC subway: Line 1 Yonge-University | 1.6 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, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Davisville Junior Public SchoolToronto DSB | Public · grades JK–6 · French Immersion | 700 m | 95%Grade 6 average |
| Eglinton Junior Public SchoolToronto DSB | Public · grades JK–5 | 750 m | 70%Grade 3 average |
| St Monica Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.2 km | 84%Grade 6 average |
| École élémentaire La MosaïqueConseil scolaire Viamonde | French-language public · grades JK–6 | 4.9 km | 93%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Northern Secondary SchoolToronto DSB | Public · grades 9–12 | 1 km | 72%Grade 9 math |
| North Toronto Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.1 km | 80%Grade 9 math |
| Marshall McLuhan Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 2 km | 59%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 4.4 km | 86%Grade 9 math |
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.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Mount Pleasant East are shown to signed-in members.