493 Jones Avenue
Toronto, M4J 3G8
FOR SALE
$919,000

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Investment
CATEGORY16 x 100
LOT SIZEE12800224
MLSIDContact Us
Property Description
Exceptional income-producing property in the highly sought-after Jones & Danforth neighbourhood, just steps to Donlands Station. This versatile property features three self-contained units, each with two separate entrances/exits, enhancing privacy, safety, and rental flexibility. Main Floor Unit: Spacious 2-bedroom layout with both front and rear access. The main level also offers commercial/office potential (buyer to verify permitted uses), making it ideal for professional services, live/work arrangements, or additional income opportunities. Upper Unit: Bright and functional 1-bedroom suite with front entrance and rear access via private back deck. Excellent natural light and efficient layout attractive to tenants. Basement Unit: Self-contained 1-bedroom suite with approximately 7-foot ceiling height. Features rear entrance plus interior access from the main level. Situated in a high-demand rental pocket steps to transit, Danforth shops, restaurants, schools, and parks. Strong rental appeal driven by location, layout efficiency, and multiple access points. Laneway parking adds valuable convenience and additional tenant appeal. Ideal for investors seeking stable cash flow with upside potential, or end users looking to occupy one unit while generating income from the others. Projected market rents suggest attractive investor returns. A rare opportunity to secure a flexible, income-generating property in one of Toronto's most vibrant east-end communities.
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Property Details
Address
493 Jones Avenue
Community
City
Postal Code
M4J 3G8
Property Type
Investment, Investment
Use
Office
Zoning
Residential Commercial
Lot Size
16' x 100'
Taxes
$3,891 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
None
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Listing contracted with Keller Williams Advantage Realty
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