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Inactive

$799,000

493 Jones Ave

Toronto E01, ON M4J 3G8

493 Jones Ave, Toronto E01 — Listed at $799,000, 3 bathroom Investment. MLS® E13173796.

3Baths
Investment
$3,891Taxes/yr · 2026
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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.

Property Details

Property TypeInvestment
CommunityBlake-Jones
Washrooms3
Lot Dimensions16 × 100 ft
Dir/Cross StDanforth and Jones
Garage TypeLane
Heating TypeGas Forced Air Open
A/CNo
Taxes (2026)$3,891
HSTIncluded In
Listed Date5/26/2026
Days on Market170 days
PossessionVacant anytime

Business Details

Property Sub-TypeInvestment
Property UseOffice
Occupant TypeVacant
Showing RequirementsLockbox, Showing System
Possession TypeFlexible
Listing Expires7/30/2026

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Listing Courtesy of: KELLER WILLIAMS ADVANTAGE REALTY

MLS® #E13173796

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 investment is located in the Blake-Jones neighbourhood of Toronto.

The home offers 3 bathrooms.

Additional details: lot dimensions of 16 × 100 feet.

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About Toronto Real Estate

This Investment 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.

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
View full Toronto neighbourhood guide →