493 Jones Ave

LocationBlake-Jones, 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

  • Business Type
    Category:
  • Commercial Total Area
    Total Area: 1,650 sqft
  • Commercial Parking Types
    Parking Types: None

Details

  • Commercial Zoning
    Zoning: Commercial
  • Tax Amount
    Tax: $ 3,891
  • Alcohol Allowed
    Alcohol Allowed: N
  • Commercial Features
    Features: Public Transit, Subways
  • MLS
    E12800224
  • Listing contracted with: KELLER WILLIAMS ADVANTAGE REALTY

Transit Accessibility

Donlands Subway Station (0.4km)

Location