347 & 349 Jones Avenue, Toronto E01

$3,200,000
347 & 349 Jones Avenue

$3,200,000

New
62d
Store W Apt/Office

347 & 349 Jones Avenue, Toronto E01

Total Monthly Obligation $14,423

Beds
0
Baths
0
Park
0
DOM
62d
Property Type-Store W Apt/Office
MLS® Number-E13707398
Beds-0
Lot Size-35 × 90 ft
Listed on site-Aug 22, 2026
Building Type-Store W Apt/Office
Taxes-$15,783.89 (2025)
Parking-Outside/Surface
Heating-Gas Forced Air Open
Brokerage-VANGUARD REALTY BROKERAGE CORP.
Cooling-No
Fireplace-No
Pool-None
Sewer-Sanitary
Possession-TBA
Neighbourhood-Blake-Jones
Title-Commercial

No agent assigned

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.

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Closing Costs

Mortgage Amount
$2,560,000
Land Transfer Taxes$66,475
Legal Fees (Est.)
$
Total cash required for closing$707,975

Total Monthly Obligation

$14,423/mo
Mortgage $12,908
Monthly Loss $11,027
Principal$3,397
Interest$9,511
Property Tax$1,315
Home Insurance$50
Variable Costs$150

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 347 & 349 Jones Avenue

Time

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