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.
Address
493 Jones Avenue
List Price
$899,000
MLS® Status
Price Change
Expiration Date
2026-05-14
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto E01
Sub-Area
Blake-Jones
Region
Toronto
Lot Size Source
MPAC
Lot Depth
100
Lot Type
Building
Lot Size Units
Feet
Lot Width
16
Parcel Number
210470816
Total Building Area
1650
Occupant Type
Vacant
Cross Street
Danforth Jones
MLS® Number
E12800224
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Basement
Yes
Postal Code
M4J 3G8
Posession Details
Vacant any time
Tax Amount
$3,891.00
Tax Year
2025
Site Influences
Public Transit, Subways
Community Features
Public Transit, Subways
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
No
Garage Type
None
Tax Legal Description
PT LT 2 PL 443E TORONTO AS IN CT870850; T/W CT870850; CITY OF TORONTO
Login To View 13 Additional Details On 493 Jones Avenue
Get instant access to more information with a free account.
Already have an account? Login