493 Jones Avenue
Toronto E01, ON
- 1,650 sqft
- Investment
- 195 days on market
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.
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Listing Details
- Taxes (2025)
- $3,891
- Originally Listed
- $987,300
- Listed
- February 18, 2026
Price History
Listing history
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Property
- Lot Size
- 16 x 100 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Danforth Jones
- Zoning
- Residential Commercial
- Parcel Number
- 210470816
- Possession
- Flexible
- Occupancy
- Vacant
Included
- Inclusions
- 3 Fridges, 3 Stoves, 3 Microwaves, 3 Laundry Units
- Exclusions
- Stagers Drapery
- Rental Items
- Hot Water tank and Furnace 102.00 per month
Community
Postal area M4J
- Population
- 35,128
- Private dwellings
- 15,338
- Median age
- 42
- Average household size
- 2.4
- Median household income
- $93,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E01 · last 12 months
- Median sold price
- $1,167,500
- Homes sold
- 690
- Median days on market
- 9
- Sale-to-list price
- 106.2%
Based on 690 recorded sales of commercial properties in Toronto E01 over the last 12 months.
Listed by
KELLER WILLIAMS ADVANTAGE REALTY
Walk Score
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Location
Street View
Commercial figures
- Building area
- 1,650 sq ft
- Price per sq ft
- $544.85
- Annual property tax
- $3,891
- Tax per sq ft
- $2.36
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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