493 Jones Ave

LocationBlake-Jones, Toronto, M4J 3G8
$987.3K For Sale
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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.

Features

  • House Facing
    Facing: East
  • Bedrooms
    Bedrooms: 3
  • Bathrooms
    Bathrooms: 3
  • Garages
    Garages:
  • Kitchens
    Kitchens: 2

Details

  • Front Lot
    Lot size: 16.00 x 100.00 Feet
  • Lot Depth
    Space: 1500-2000
  • Tax Amount
    Tax: $ 3891.00
  • MLS
    E12800230
  • Listing contracted with: KELLER WILLIAMS ADVANTAGE REALTY
Bathroom Pieces Level
1xBath4 pcs

Main

1xBath4 pcs

Second

1xBath4 pcs

Lower



Property Summary

Located close to the intersection of Danforth and Jones, 493 Jones Ave is a 3+1 bedrooms 3 washrooms Freehold Townhouse. The property basement is not finished. The property has many nice features including Countertop Range and Carpet Free. .


School Information

  • Elementary Schools

  • Level
    Home school
    Rank: 476 out of 3022 (Score: 7.7)
    Distance to school: 0.6 km (~11 min walk)
  • Level
    Home school
    Distance to school: 0.2 km (~3 min walk)
  • Level
    HOLY NAME (Grade: JK - 7)
    Catholic SchoolFrench Immersion School Catholic French Immersion school
    Rank: 687 out of 3022 (Score: 7.3)
    Distance to school: 0.7 km (~12 min walk)
  • Level
    ST JOHN TORONTO (Grade: 5 - 8)
    Catholic SchoolFrench Immersion School Catholic French Immersion school
    Distance to school: 3.6 km (~11 min drive)
  • Level
    ST AGATHA (Grade: 8 - 8)
    Catholic SchoolFrench Immersion School Catholic French Immersion school
    Rank: 1934 out of 3022 (Score: 5.5)
    Distance to school: 10.2 km (~31 min drive)
  • Secondary Schools

  • Level
    Home school
    Rank: 41/746 (Score: 8.6)   5 year average: 69/746 (Score: 7.8)
    Distance to school: 0.8 km (~15 min walk)
  • Level
    st. Patrick (Grade: 9-12)
    Catholic SchoolProgram AP Catholic AP program school
    Rank: 244/746 (Score: 6.9)   5 year average: 222/746 (Score: 6.8)
    Distance to school: 0.9 km (~16 min walk)
  • Level
    Notre Dame (Grade: 9-12)
    Catholic SchoolFrench Immersion SchoolProgram AP Catholic French Immersion school
    Rank: 41/746 (Score: 8.6)   5 year average: 90/746 (Score: 7.7)
    Distance to school: 3.7 km (~11 min drive)


Commute Information

Toronto Subway Donlands Subway Station (0.4km)

Location





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