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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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493 Jones Avenue Toronto E01
For SaleBlake-Jones

493 Jones Avenue Toronto E01, Investment for Sale

MLS® E13173796

Blake-Jones, Toronto, ON

165 days on market
$799,000
Show on Map
Show on Map
N/ABeds
3Baths
1,800Sqft
N/AParking
Investment

Overview· 493 Jones Avenue Toronto

MLS® #E13173796

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.

Inclusions

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

Broker

KELLER WILLIAMS ADVANTAGE REALTY

Neighbourhood

Blake-Jones

Walk 88Avg $1.12MArea guide

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Walk Score®94Walker's ParadiseWalker's Paradise
Transit Score®84Excellent TransitExcellent Transit
Bike Score®88Very BikeableVery Bikeable
Schools9830 schools within 1.5 km · nearest 241 m30 schools within 1.5 km · nearest 241 m
Parks7012 parks within 1 km · nearest 319 m12 parks within 1 km · nearest 319 m
Convenience6832 groceries, cafes and pharmacies within 1 km · nearest 303 m32 groceries, cafes and pharmacies within 1 km · nearest 303 m
Safety75Safer than 75% of Toronto neighbourhoods (2025)Blake-Jones: 1,086 incidents per 100,000 residents in 2025, across all crime types, ranked against 158 Toronto neighbourhoods. Toronto counts resident population only, so business and entertainment districts rank worse than residents experience. Source: Toronto Police Services.

Highlights & Amenities· 493 Jones Avenue Toronto

Source: MLS® listing data
493 Jones Avenue Toronto

Investment

493 Jones Avenue Toronto

Blake-Jones

Type

Investment

Parking

Lane

Property Tax

~$3,891/yr

Heating

Gas Forced Air Open

Buying Essentials

Square Feet

1800 sqft

Parking

Lane

Finances

List Price

$799,000

Price per SQFT

$444/sqft

Property Tax

~$3,891/yr

Property Specs

Property Type

Investment

MLS Size

1800 sqft

Living & Amenities

Heating Type

Gas Forced Air Open

Policies & Utilities

Neighbourhood

Blake-Jones

Listed On

May 26, 2026

Price & Listing History

Days on Market

Current: 165 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Schools closest to 493 Jones Avenue Toronto.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$3,214/mo
Property Tax$324/mo
Total Monthly$3,538

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0