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$3,200,000

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347 & 349 Jones Avenue

Blake-Jones, Toronto, Ontario M4J3G4

For sale· Added

4,114 sqft

About this property

A turnkey mixed-use investment opportunity in a fully renovated (2025)residential-with-storefront building, offering strong, diversified income across 5 units with combined monthly rent of $8,450. Beyond its current stable cash flow, the property offers significant upside through approved plans for a new 8-unit building - 2 units in the basement and 4 units on each of the main and second floors - presenting a rare opportunity to substantially increase density and long-term returns. Situated in a well-established, walkable neighborhood with strong rental demand and steady foot traffic for the ground-floor commercial space, this property combines the stability of residential income today with a clear path to expanded value tomorrow - an ideal opportunity for an investor seeking a renovated,low-maintenance asset with immediate cash flow and real room to grow.

Location

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Property details

Listing

MLS® number
E13707398
Added
Aug 24, 2026 ()
Updated
Oct 1, 2026 ()
Info refreshed

Overview

Property type
Retail
Building type
Residential Commercial Mix

Inside

Heating
Forced air, Natural gas
Cooling
None
Fireplace
No

Land

Lot size
35 x 90 ft
Zoning
Mixed Use

Services

Water
Municipal water
Sewer
Sanitary sewer

Location

Cross streets
Danforth/ Jones

Running costs

Annual property tax
$15,784

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$3,200,000
347 & 349 Jones Avenue
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