711 Mount Pleasant Road

Notes

The subject property is situated along a bustling retail node in Mount Pleasant Village, an affluent neighbourhood in midtown Toronto. Surrounding businesses include local retailers and service professionals, along with niche restaurants. The 2020 average household income in a three-kilometer radius was $229,788 – significantly above the municipal and national averages. The property is in a densely populated transit friendly location, 200 metres from the future Mount Pleasant Crosstown LRT Station (2022). The property is currently improved with a 2-storey mixed-use retail building plus basement. The ground floor retail unit is being utilized as a bakery, The Flaky Tart, which includes a working kitchen. There is a 1-bedroom apartment on the second floor with a long term tenancy in-place. The ground floor commercial unit is currently leased until January 31st, 2023.