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$899,000

493 Jones Ave

Toronto E01, ON M4J 3G8

493 Jones Ave, Toronto E01 — Listed at $899,000. 4 bedroom, 3 bathroom 2-Storey Townhouse. MLS® E12800230.

4Beds
3Baths
1500-2000sqft
Townhouse
2-Storey
1Parking
$3,891Taxes/yr · 2025
See similar homes in this price range

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.

Property Details

Property TypeAtt/Row/Townhouse
Style2-Storey
CommunityBlake-Jones
Rooms7+2
Kitchens3
Washrooms3
Square Feet1500-2000 sqft
Lot Dimensions16 × 100 ft
Fronting OnEast
Dir/Cross StDanforth and Jones
Garage TypeNone
Parking Drive Spaces1
Total Parking Spaces1
ExteriorBrick, Concrete
RoofAsphalt Shingle, Membrane
FoundationConcrete Block, Concrete
BasementApartment, Full, Finished with Walk-Out, Separate Entrance, Walk-Up
Heating TypeForced Air
Heating SourceGas
A/CNone
SewersSewer
Taxes (2025)$3,891
HSTIncluded In
Listed Date2/19/2026
Days on Market267 days
PossessionTBA

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Listing Courtesy of: KELLER WILLIAMS ADVANTAGE REALTY

MLS® #E12800230

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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HouseIndex Take: 493 Jones Avenue

This att/row/townhouse (2-Storey) is located in the Blake-Jones neighbourhood of Toronto.

The home offers 4+1 bedrooms, 3 bathrooms.

Features include a apartment, full, finished with walk-out, separate entrance, walk-up basement, 1 parking space.

Additional details: lot dimensions of 16 × 100 feet.

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This property is no longer available. Explore comparable Att/Row/Townhouse listings currently on the market, priced within 5% of this home.

About Toronto Real Estate

This Att/Row/Townhouse is located in the Blake-Jones community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity. Townhomes in Toronto offer a middle ground between condo convenience and freehold space, making them a strong choice for growing families.

TTC subway & streetcar networkWorld-class dining & entertainmentUniversity of Toronto & major hospitals nearbyWaterfront trails & ravine parks
Walkability: Highly walkable — many neighbourhoods score 80+ on Walk Score
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