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$987,300
Ontario,Toronto (Blake-Jones)
For Sale Active
493 JONES AVENUE, Toronto (Blake-Jones), Ontario M4J3G8
  • 4
  • 3
  • 1500 - 2000Square Feet
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: E12800230
  • Price: $987,300
  • Bedrooms: 4
  • Bathrooms: 3
  • Square Footage: 1500 - 2000 Sqft
  • Status: Active
  • Office Name: KELLER WILLIAMS ADVANTAGE REALTY
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 148048
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
  • Basement: Finished, Full, Separate entrance, N/A, Walk out, Apartment in basement, Walk-up
  • Parking: No Garage
  • Exterior Features: Brick, Concrete
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Toronto (Blake-Jones), M4J3G8
  • Street: Jones
  • Street Number: 493
  • Street Suffix: Avenue
  • Longitude: W80° 39' 40''
  • Latitude: N43° 40' 36.8''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 16 x 100 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 3891
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Listing updated: 2026-02-19 00:46:59
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Listing Information
  • List Agent Key: 1411327
  • List Office Key: 148048
  • Modification Timestamp: 2026-02-19T02:15:08Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-02-19T02:04:11Z
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Listing updated: 2026-02-19 00:47:00
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