For sale 50$3,200,000
347 & 349 Jones Avenue
Blake-Jones, Toronto, Ontario M4J3G4
For sale· Added
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
Map data © OpenStreetMap contributors
Upcoming open housesSee all Toronto open houses
No open houses are scheduled for this property.
Can't make it? Request a private viewing.
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
Similar properties in Toronto
For sale 50









