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493 Jones Avenue

Blake-Jones Toronto M4J 3G8

$875,000

Residential Freehold beds: 3 baths: 3.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

E13075874

Bedrooms:

3

Bathrooms:

3

• Photos (38)

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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.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Att/Row/Townhouse

Home Style:

2-Storey

Total Approx Floor Area:

1500-2000

Lot Depth:

100'30.5 m

Lot Frontage:

16'4.88 m

Direction Faces:

East

Bedrooms:

3

Bathrooms:

3.0

Water supply:

Municipal

Kitchens:

3

Kitchens in Basement:

1

Bedrooms Above Grade:

3

Kitchens Above Grade:

2

Rooms Above Grade:

3

Rooms Below Grade:

1

Fractional Ownership:

No

Assignment:

No

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Block

Roof:

Asphalt Shingle, Membrane

Basement:

Apartment

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Features:

Lane

Parking Spaces:

1

Total Parking Spaces:

1.0

Family Room:

No

Possession Details:

It is Vacant

Lot Irregularities:

Lane

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Assessment Year:

2025

Taxes:

$3,891 / 2026

Assessment:

$- / 2025

County:

Toronto

Listing Area:

Toronto E01

Listing Sub-Area:

Blake-Jones

Property Features / Area Influences:

Level, Park, Place Of Worship, Public Transit, School

Interior Features:

Carpet Free

Exterior Features:

Deck

Inclusions:

3 Fridges, 3 Stoves, 3 Microwaves, 3 sets of Laundry

Lease to Own Equipment:

Water Heater

Exterior Finish:

Aluminum Siding, Brick

Retirement:

No

Other Details:

Energy Certification:

No

Green Property Information Statement:

No

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Physically Handicapped-Equipped:

No

Listing Info:

Date Listed:

May 03, 2026

Original Price:

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Previous Price:

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Listed by KELLER WILLIAMS ADVANTAGE REALTY

Data was last updated May 4, 2026 at 01:15 PM (UTC)

Area Statistics

Listings on market:

10

Avg list price:

$1,249,500

Min list price:

$875,000

Max list price:

$1,399,999

Avg days on market:

12

Min days on market:

1

Max days on market:

553

These statistics are generated based on the current listing's property type and located in Toronto E01. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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