347 & 349 Jones Avenue

About this home

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.

Details

Type

Store W Apt/Office

Lot

35 × 90 ft

Garage

Outside/Surface

Property tax

$15,784 (2025)

Neighbourhood

Blake-Jones

Municipality

Toronto E01

Heating, cooling and services

Heating

Gas Forced Air Open

Water and sewer

Sanitary

Utilities

Available

Building and exterior

Building area

4,114 Square Feet

More

Possession

TBA

Cross street

Danforth/ Jones