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
$799,000
MLS® Status
Sold Conditional
Property Type
Residential Freehold
Type of Dwelling
Att/Row/Townhouse
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto E01
Sub-Area
Blake-Jones
Region
Toronto
Bedrooms
3 + 1
Bedrooms (Total)
4
Rooms Above Grade
8
Rooms Below Grade
1
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
100
Lot Size Units
Feet
Lot Width
16
Parcel Number
210470816
Occupant Type
Vacant
Cross Street
Jones and Danforth
MLS® Number
E13173828
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Basement Area
Apartment, Separate Entrance
Postal Code
M4J 3G8
Posession Details
Property is Vacant
Parking
Lane
Parking Places (Total)
1
Parking Spaces
1
Tax Amount
$3,891.00
Tax Year
2026
Interior Features
Carpet Free
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active Under Contract
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Aluminum Siding, Brick
Direction Faces
East
Fireplace
No
Foundation Details
Concrete Block
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Membrane, Asphalt Shingle
Tax Legal Description
PT LT 2 PL 443E TORONTO AS IN CT870850; T/W CT870850; CITY OF TORONTO
Waterfront
No
Sewer
Sewer
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