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493 Jones Ave
Toronto E01, ON M4J 3G8
$799,000
493 Jones Ave, Toronto E01 — Listed at $799,000. 4 bedroom, 3 bathroom 2-Storey. MLS® E13173828.
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.
Price & Status History
Price history is locked
Property Details

Your agent: Vick Yogeswaran
REALTOR® · RE/MAX Realtron Realty Inc.
Property Insights
Listing Courtesy of: KELLER WILLIAMS ADVANTAGE REALTY
MLS® #E13173828


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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, separate entrance basement, 1 parking space.
Additional details: lot dimensions of 16 × 100 feet.
Listed at $799,000 CAD with annual property taxes of $3,891 (2026). This listing has been on the market for 11 days.
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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.