347 & 349 Jones Avenue, Toronto, ON M4J 3G4
Blake-Jones, Toronto · Near Danforth/ Jones · View map
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.
The home
- Type
- Store w apt / office
- Square footage
- 4113.7 sq ft
- Lot size
- 35 x 90 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $15,784/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBA
- Cross street
- Danforth/ Jones
- Neighbourhood
- Blake-Jones
More
- MLS® number
- E13707398
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
347 & 349 Jones Avenue, Toronto, ON M4J 3G4
Blake-Jones, Toronto · Near Danforth/ Jones
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Listing history for 347 & 349 Jones Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 347 & 349 Jones Avenue
Answers come straight from this home’s MLS® listing.
How much is 347 & 349 Jones Avenue listed for, and what would it cost each month?
347 & 349 Jones Avenue is listed for $3,200,000. With 20% down ($640,000), the mortgage payment would be roughly $12,908 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $14,223 a month, all in. That figure is an illustration, not a quote.
Is 347 & 349 Jones Avenue freehold or a condo, and is there a monthly fee?
347 & 349 Jones Avenue is a store w apt / office in Blake-Jones, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 347 & 349 Jones Avenue have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 347 & 349 Jones Avenue?
347 & 349 Jones Avenue is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 347 & 349 Jones Avenue, and what is the lot size?
The lot is listed as 35 x 90 ft.
How is 347 & 349 Jones Avenue heated and cooled?
Heating is gas forced air open. The listing does not show air conditioning.
What are the property taxes for 347 & 349 Jones Avenue?
Property taxes are $15,784 a year (2025), or about $1,315 a month.
Where is 347 & 349 Jones Avenue?
347 & 349 Jones Avenue is in the Blake-Jones community of Toronto. The nearest main intersection is Danforth/ Jones. The postal code is M4J 3G4.
Is 347 & 349 Jones Avenue still for sale?
Yes. It is an active listing (MLS® E13707398). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 347 & 349 Jones Avenue asking?
Similar properties for sale nearby right now include 783 Danforth Avenue at $2,300,000, 2780 Kennedy Road at $3,490,000 and 2780 Kennedy Road at $3,490,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 347 & 349 Jones Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 347 & 349 Jones Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.