Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

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Retail and Upper 627 Mount Pleasant Road

Mount Pleasant East Toronto M4S 2M9

$499,000 /For Sale

Commercial

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• Details
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• Map

Status:

Active

Prop. Type:

Commercial

MLS® Num:

C14100708

Bus Major:

Bakery

• Photos (33)

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Take over the enchanting world of Thobors on the most coveted Mt Pleasant rd (business only), all assets included (leased retail+2 bdr apt). Thobors is a renowned and established French bakery, patisserie and chocolatier who has charmed Toronto's taste buds for the last 19 years. This location shines with a faithful clientele based on 90% of regulars, serving authentic handcrafted masterpieces made on-site daily. It enjoys a coveted 10/10 walk score in the deeply rooted, upscale Mt Pleasant Rd's loyal community of food lovers. From crispy croissants and authentic artisan breads to their exquisite cake creations, and a line of chocolates crafted by an in-house chocolatier, Thobors has earned a reputation for quality, tradition, consistency and irresistible flavors. Take over blending time-honoured techniques, business strategies including a self-managed faithful staff with a proactive supply-demand dynamic. The lease contract includes the upper level 2 bdr apartment, which can allow for multiple streams of income with extension opportunities for private events, a cafe area; just imagine! This rare turn-key business takeover boasts a one of a kind storage capacity for comparable businesses in the industry. Included: fully-equipped kitchen, improved retail area, all proprietary recipes, branding assets, a well-established client base turnover, and full training with operational transition/guidance offered upon request.This is by definition a seamless continuation of operations that is all yours to recreate! Perfectly positioned for continued growth in one of Toronto's most desirable neighborhood, hop on this exceptional chance to own a piece of the city's vibrant and rooted culinary scene with tons of growth opportunities allowing you to redefine, grow and scale the business as you wish! Please do not go directly or speak to staff. Please out of curtesy, do not solicit staff or sellers during business hours. Your discretion is deeply appreciated.

General Info:

Percent of Building:

100

Property Type:

Commercial

Property Sub Type:

Sale Of Business

Freestanding:

Yes

Approx. Age:

16-30

Total Area:

2000 sq. ft. Square Feet

Total Area:

2,000 sq. ft.186 m2

Retail Area:

33 sq. ft. %

Lot Depth:

115'35.1 m

Lot Frontage:

18'5"5.61 m

Water supply:

Municipal

Zoning:

Retail

Additional Info:

Heating type:

Gas Forced Air Closed

Garage:

None

Possession Details:

IMMEDIATE including transition training

Financial Info:

HST Applicable To Sale Price:

Included In

Type Taxes:

TMI

Taxes:

$19,929 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C10

Listing Sub-Area:

Mount Pleasant East

Area Influences:

Public Transit, Subways

Crane:

No

Other Details:

Air Conditioning:

Yes

Seller Property Info Statement:

No

Commercial Info:

Financial Statements:

Yes

Business Info:

Business/Building Name:

Thobors

Major Business Type:

Bakery

Category:

Without Property

Franchise:

No

Days Open:

Open 6 Days

Hours Open:

7:30 a.m. to 4:00 p.m.

Employees:

5

Chattels:

Yes

LLBO:

No

Outside Storage:

No

Seats:

12

Listing Info:

Date Listed:

Oct 21, 2026

Original Price:

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Previous Price:

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  2 car parking + retail/ upper apartment access

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Listed by SKYBOUND REALTY

Data was last updated October 21, 2026 at 03:15 PM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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Why Choose a Commercial Residential Property?

• Dual Income Potential – Earn from both residential tenants and commercial leases
• Ideal for Business Owners – Live and work in the same space or rent one out
• High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
• Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

• Hamilton & Durham – More affordable options with upside potential
• Toronto Core – High foot traffic and visibility
• Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

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Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.