347 & 349 Jones Avenue
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.
Features of 347 & 349 Jones Avenue
| MLS® # | E13707398 |
|---|---|
| Price | $3,200,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Store W Apt/Office |
| Status | Active |
Community Information
| Address | 347 & 349 Jones Avenue |
|---|---|
| Area | Toronto |
| Neighborhood | Blake-Jones |
| City | Toronto E01 |
| Province | ON |
| Postal Code | M4J 3G4 |
Amenities
| Garage Type | Outside/Surface |
|---|
Interior
| Heating | Gas Forced Air Open |
|---|---|
| Cooling | No |
| Fireplace | No |
Listing Details
| Office | VANGUARD REALTY BROKERAGE CORP. |
|---|