493 Jones Ave, Toronto, M4J 3G8

Home Overview

Description

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.

8 days

On Market

Att/Row/Twnhouse

Property Type

$3,891 / Year

Est. Taxes

2-Storey

Style

None

Garage

Apartment

Basement