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$ 875,000
Est. payment /mo
New
493 Jones AVE Toronto E01, ON M4J 3G8
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Townhouse
Sub Type Att/Row/Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Municipality Toronto E01
Subdivision Blake-Jones
MLS Listing ID E13075874
Style 2-Storey
Bedrooms 3
Annual Tax Amount $3,891
Tax Year 2026
Property Sub-Type Att/Row/Townhouse
Property 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.
Location
Province ON
County Toronto
Community Toronto E01
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 3
Interior
Interior Features Carpet Free
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck
Parking Features Lane
Pool None
Roof Type Asphalt Shingle,Membrane
Lot Frontage 16.0
Lot Depth 100.0
Total Parking Spaces 1
Building
Unit Features Level,Park,Place Of Worship,Public Transit,School
Foundation Block
Others
ParcelsYN Yes
Listed by KELLER WILLIAMS ADVANTAGE REALTY