$799,000
493 Jones Avenue, Toronto E01, ON M4J 3G8
Beds
3 Baths
Parking
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 Summary

Property Type Commercial
Property Sub Type Investment
Transaction Type For Sale
Bathrooms 3
Possession Vacant anytime

Building

Building Type Investment
Square Footage 1800
Building Area Units Square Feet
Heating Gas Forced Air Open
Cooling No

Measurements

Lot Size 16 x 100
Lot Size Units Feet
Frontage 16
Depth 100
Total Living Area 1800

Land

Address 493 Jones Avenue, Toronto E01, ON M4J 3G8
City Toronto E01
Community Blake-Jones
County / Area Toronto
Cross Street Danforth and Jones
Parcel Number 210470816

Parking and Garage

Garage Type Lane

Taxes and Listing Info

List Price $799,000
Annual Taxes $3,891
Tax Year 2026
Status Active
Listing Date 2026-05-26T13:32:15Z
Updated 2026-05-26T13:32:15Z
MLS Number E13173796
Local Market Insight

What Buyers Should Know About 493 Jones Avenue, Toronto E01, ON M4J 3G8

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

493 Jones Avenue, Toronto E01, ON M4J 3G8 is positioned in Blake-Jones, a part of Toronto E01 where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Investment, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Investment should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Danforth and Jones, public transit options, parking availability, and drive times to employment areas. A property with available parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $799,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows available bedrooms, 3 bathrooms, basement details marked as to be confirmed, and a lot size of 16 x 100, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Toronto E01, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Blake-Jones. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 493 Jones Avenue, Toronto E01, ON M4J 3G8, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.