347-349 Jones Ave - Storefront Retail/Residential FOR SALE


Toronto, ON M4J 3G4- Riverdale
$3,200,000 CAD
905-856-8111
347-349 Jones Ave, Toronto, ON for Sale
$3,200,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

347-349 Jones Ave
Toronto, ON M4J 3G4
Riverdale


HIGHLIGHTS

  • Fully renovated mixed-use property completed in 2025.
  • Diversified income stream generated from five separate units.
  • Approved redevelopment plans provide future densification potential.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,200,000 CAD

PRICE/SF

$1,507 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,620 SF

ZONING

R-2

APN/PARCEL ID

190408501000300

ASK ABOUT THIS PROPERTY

Paul MiceliVanguard Realty Brokerage Corp.,More Info
905-856-8111

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Paul MiceliVanguard Realty Brokerage Corp.,More Info
905-856-8111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.