347 & 349 Jones Avenue, Toronto, ON M4J 3G4
$3,200,000
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.
Property summary
Property
| Lot width | 35 |
| Lot depth | 90 |
Power & Services
| Heating type | Gas Forced Air Open |
| Sewer | Sanitary |
| Utilities | Available |
Residential
| Garage | Outside/Surface |
Zoning & Taxes
| Taxes / yr | $15,784 |
| Tax year | 2025 |
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Data provided by TRREB. Listed by VANGUARD REALTY BROKERAGE CORP..