$899,000
FOR SALE

Investment

Lot: 16 x 100 ft
2025 Taxes: $3,891

493 Jones Ave
Toronto, ON M4J 3G8 | Blake-Jones

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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Listed By KELLER WILLIAMS ADVANTAGE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E12800224
Last Updated Apr 09, 2026
Property Summary
Property Type Investment

More like this:
PIN 210470816
Legal Description PT LT 2 PL 443E TORONTO AS IN CT870850; T/W CT870850; CITY OF TORONTO
Possession Date Vacant any time
Taxes (2025) $3,891
Directions/Cross Streets Danforth Jones
Neighbourhood Blake-Jones
Area Toronto
Price History

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Detailed Information
Lot 16 x 100 ft
Air Conditioning No
Basement Basement
Garage Type None
Heat Type Gas Forced Air Open

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