$987,300Asking Price
493 Jones Avenue, Toronto E01, ON M4J 3G8
The Pocket-Blake-Jones, Toronto
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.
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.
See MoreKey Info
- 2-Storey Rowhouse
- 1-Car Driveway
- No Garage
- Danforth and Jones
- 1500-2000 Approximate Sq Feet
- Basement: Apartment, Full
- 3 + 1 Kitchens
- Forced Air Gas Heating
- No A/C
Property
- Lot Size 16 x 100 Feet
- Brick/Concrete Exterior
- Taxes were $3,891 in 2025
- Possession: TBA
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #E12800230
- KELLER WILLIAMS ADVANTAGE REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom on Lower | |||
How Far is Too Far?
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Who lives here?
The Pocket-Blake-Jones, Toronto is a central Toronto neighbourhood notable for its university grads and science, education, law & public sector and arts & culture professionals. It has a higher than average population of immigrants from China, and Cantonese speakers. Residents with a significant number of babies, kids aged 5 to 9, youth aged 15 to 19 and adults aged 35 to 59.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
50%
of residents are
single and loving it.
50% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
45%
of residents
are renters.
45% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
51%
of residents are
university grads.
51% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$119K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 14% |
| Government | 13% |
| Business | 9% |
| Management | 7% |
| Culture | 7% |
Immigrants
32%
of residents were
born outside of Canada.
32% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
6.2% from China
All-time
Birthplace - Recent
0.5% from USA
Recent
Foreign Languages
Foreign Languages
| Cantonese | 5% |
| Greek | 3% |
| Gujarati | 3% |
| French | 3% |
| Mandarin | 1% |
Religions
Religions
| Christian | 43% |
| Muslim | 10% |
| Buddhist | 4% |
| Jewish | 2% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
14
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
