493 JONES AVENUE

Toronto (Blake-Jones), , M4J3G8, Canada

$989,000

Exceptional income-producing property in the highly sought-after Jones & Danforth neighbourhood, just steps to Donlands Station. Prime transit-oriented location with strong tenant demand and long-term growth potential. 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 through most of the space. 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 potential for a 5%+ cap rate (buyer to perform own due diligence). A rare opportunity to secure a flexible, income-generating property in one of Toronto's most vibrant east-end communities.

EXTRAS: Washer, Refrigerator, Stove, Dryer, Microwave

Last updated on : Wednesday 18th of February 2026 06:21:08 PM

ADDRESS

Street : 493 JONES AVENUE

City : Toronto (Blake-Jones)

Country : Canada

Postal Code : M4J3G8

Open in Google Map

PROPERTY SUMMARY

Property ID : E12775792

Building Type : Row / Townhouse

Property Type : Single Family

Bedrooms : 4

Bathrooms : 3

Parking : 1

Parking Type: No Garage

Similar Properties

Single Family

46 STONEBRIDGE PLACE

Simcoe, Ontario, N3Y0E6

$1,329,900

Beds: 4Baths: 5

property Type: House

type: Sale

SARAH DAVIS
1 week ago

DETAILS

Single Family

, ,

$899,900

Beds: 4Baths: 3

property Type: House

type: Sale

PRATHEEP BALASUBRAMANIAM
1 hour ago

DETAILS

Single Family

16 TAY LANE

Richmond Hill, Ontario, L4S1N7

$888,000

Beds: 4Baths: 3

property Type: Row / Townhouse

type: Sale

WILLIAM HAU
6 hours ago

DETAILS

Single Family

2305 CHEVERIE STREET

Oakville (FD Ford), Ontario, L6J6C5

$2,750,000

Beds: 4Baths: 4

property Type: House

type: Sale

Matthew Regan
6 hours ago

DETAILS

Single Family

10 LAUGHLIN PLACE

Welland (Prince Charles), Ontario, L3C4E2

$799,900

Beds: 4Baths: 3

property Type: House

type: Sale

Ellen White
1 week ago

DETAILS

Inquire about this property