$3,200,000
Toronto
347 & 349 Jones Avenue, Toronto (Blake-Jones), Ontario, M4J3G4
This retail property in Toronto is for sale offering roughly 4,114 sq ft of space.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 72 days on market, against an average age of 68 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Toronto (Blake-Jones) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $3,200,000, about 34.4× the local median household income of $93,000.
Carrying it typically needs a household income of about $625,072 (20% down, 25-yr amortization, stress-tested) — roughly 572% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4J)
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