Toronto, ON · M4J 3G4 · MLS® E13707398Updated
$3,200,000
347 & 349 Jones Ave is a commercial in Toronto, listed for $3,200,000.
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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.
Toronto commercial priced at $3,200,000 — book a tour to see if it fits your search.
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Lot & land
Listing & possession
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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198 1/2 Carlton Street
4 bd · 2 ba · Store w apt/office
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819 Dundas Street
1 bd · 1 ba · Store w apt/office
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782 Dovercourt Road
2 bd · 3 ba · Store w apt/office
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184 Carlton Street
3 bd · 1 ba · Store w apt/office
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1926 Gerrard Street
1 bd · 2 ba · Store w apt/office
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2364 Kingston Road
2 bd · 1 ba · Store w apt/office
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home347 & 349 Jones Avenue 0 bd · 0 ba | $3,200,000asking | — | — | — |
| 198 1/2 Carlton Street 4 bd · 2 ba · 2,000 sqft | ||||
| 819 Dundas Street 1 bd · 1 ba · 1,500 sqft | ||||
| 782 Dovercourt Road 2 bd · 3 ba · 1,500 sqft | ||||
| 184 Carlton Street 3 bd · 1 ba · 2,000 sqft | ||||
| 1926 Gerrard Street 1 bd · 2 ba · 1,100 sqft | ||||
| 2364 Kingston Road 2 bd · 1 ba · 1,500 sqft |
4 bd · 2 ba · 2,000 sqft
1 bd · 1 ba · 1,500 sqft
2 bd · 3 ba · 1,500 sqft
3 bd · 1 ba · 2,000 sqft
1 bd · 2 ba · 1,100 sqft
2 bd · 1 ba · 1,500 sqft
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Listing brokerage: VANGUARD REALTY BROKERAGE CORP.MLS® E13707398 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other 6-bed homes for sale in Toronto around $3.2M.
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Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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347 & 349 Jones Ave is listed at $3,200,000 (MLS® E13707398). Summitly updates the price as soon as the MLS® record changes.
No — 347 & 349 Jones Ave is still listed at its original asking price of $3,200,000.
The listing for 347 & 349 Jones Ave doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
The nearest rapid-transit station is Donlands Station (Line 2), about 910 m (about a 11-minute walk) in a straight line. Pape Station is about 1.0 km (about a 13-minute walk), and Greenwood Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $3,200,000 is about 279% above the median sold price in Toronto over the last 90 days, $845,000, across 9,303 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 347 & 349 Jones Ave on record from the last two years. Older records aren't shown under TRREB rules.
347 & 349 Jones Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
61 days — 347 & 349 Jones Ave was listed on August 22, 2026.
The lot measures 18.00 × 90.00 Feet, as published in the listing.
About $136,750 at the asking price of $3,200,000: $66,475 Ontario land transfer tax plus $70,275 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
The listing for 347 & 349 Jones Ave doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
