347 & 349 Jones Avenue
About this property
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 & finishes
Property details
| MLS® Number | E13707398 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Commercial |
| Interior Size | 4,114 sq ft |
| Beds / Baths | 0 bed · 0 bath |
| Neighbourhood | Blake-Jones |
| City | Riverdale / Leslieville |
| Postal Code | M4J 3G4 |
| Province | ON |
| Listed Date | August 24, 2026 |
| Days on Market | 13 |
| Price per Sq Ft | $778 |
| Brokerage | VANGUARD REALTY BROKERAGE CORP. |
Location
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