391 Jones Avenue, Toronto, ON

Blake-Jones, Toronto · MLS® E13645214

$749,900
For Sale
Listed 74 days agoNo offer date statedSitting longer than typical
2Bedrooms
1Bathrooms
1Parking
700-1100Sq ft

About this home

In short

  • Exceptional opportunity to own real estate in this highly sought-after location, just steps from shops, transit, schools, and cafés.
  • Offering endless potential, this charming home is ready for your personal touch while already benefiting from several key upgrades, including a newer air conditioner...
  • Additional improvements include vinyl siding, windows, and patio door (2024), and the roof and furnace were replaced approximately 8 years ago.
  • There is also potential for up to 3-car parking off the rear lane.

Exceptional opportunity to own real estate in this highly sought-after location, just steps from shops, transit, schools, and cafés. Offering endless potential, this charming home is ready for your personal touch while already benefiting from several key upgrades, including a newer air conditioner, vinyl flooring throughout the main and second levels, updated bathroom vanity and toilet, and a new deck off the main level. Additional improvements include vinyl siding, windows, and patio door (2024), and the roof and furnace were replaced approximately 8 years ago. The home features a walkout from the main level to the deck, as well as both a walkout and walk-up from the lower level, providing flexibility for future use. There is also potential for up to 3-car parking off the rear lane. Whether you're a first-time buyer, investor, or someone looking to create a home tailored to your style, this property offers incredible value in a fantastic neighbourhood. Bring your vision and make this house your own Home Sweet Home!

Key facts

Property type
Townhouse, 2-Storey
MLS®
E13645214
Bedrooms
2
Bathrooms
1
Size
700-1100 sq ft
Lot
13.25 × 120 ft
Cross streets
Danforth & Jones
Parking
1 parking
Driveway
Lane
Basement
Unfinished
Heating
Forced Air
A/C
Central Air
Exterior
Vinyl Siding
Foundation
Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$2,047 / 2026
Days on market
74
Listing brokerage
COLDWELL BANKER RONAN REALTY

Rooms

Family RoomMain3.96 × 3.76 m

vinyl floor · w/o to patio

Living RoomMain3.66 × 2.74 m

Vinyl Floor

FoyerMain2.44 × 2.01 m

Vinyl Floor

Primary BedroomSecond3.81 × 3.66 m

vinyl floor · bay window

KitchenBasement3.94 × 3.94 m

vinyl floor · walk-out

Bedroom 2Second3.96 × 2.19 m

Vinyl Floor

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Its public catchment (Blake Street Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

Neighbourhood & location

Blake-Jones, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

South Riverdale
$1.49M
Playter Estates-Danforth
$1.35M
Cabbagetown-South St. James Town
$1.55M
Clairlea-Birchmount
$925K
Palmerston-Little Italy
$1.30M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near Blake Street Junior Public School
75%
Blake Street Junior Public SchoolPublic · Elementary · 0.2 km awayAbove the GTA average · 75% meet the provincial standard
Kapapamahchakwew (Elem) - Wandering Spirit SchoolEQAO results not published
Danforth Collegiate and Technical InstituteEQAO results not published
Also nearby: 12 more schools within 2.5 km
East Alternative School of Toronto · Public elementary0.2 km
Riverdale Collegiate Institute · Public secondary0.4 km · 86% at standard
Earl Grey Senior Public School · Public elementary0.5 km
Pape Avenue Junior Public School · Public elementary0.5 km · 90% at standard
Kapapamahchakwew - Wandering Spirit Scho · Public secondary0.6 km
Kapapamahchakwew - Wandering Spirit Scho Junior Senior · Public elementary0.6 km · 36% at standard
Subway Academy I · Public secondary0.6 km
Leslieville Junior Public School · Public elementary0.8 km · 62% at standard
St Patrick Catholic Secondary School · Catholic secondary0.9 km · 76% at standard
Wilkinson Junior Public School · Public elementary0.9 km · 86% at standard
Greenwood Secondary School · Public secondary1.0 km · 17% at standard
School of Life Experience · Public secondary1.0 km

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$3,418/mo
$138KIncome needed
5.4×Price ÷ income
$789Weekly cost
$22,946Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

95%mortgage
Mortgage $3,418Property tax $171Total carry $3,588

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,317per month

Mortgage amount $599,920 · 4.49% over 25 years

$149,980Down payment (20.0%)
$599,920Loan before insurance
$0CMHC premium
$3,488Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,317
Property tax
$171
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$3,488

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$11,473
Toronto municipal land transfer tax
$11,473
Estimated closing costs
$22,946

Plus your down payment of $149,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,015/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$395,198Total interest paid
$995,118Total of all payments
Principal $599,920 Interest $395,198
YearPrincipalInterestBalance
1$13,388$26,417$586,532
2$13,996$25,809$572,537
3$14,631$25,174$557,906
4$15,295$24,509$542,611
5$15,990$23,815$526,621
6$16,716$23,089$509,905
7$17,475$22,330$492,430
8$18,268$21,537$474,162
9$19,098$20,707$455,065
10$19,965$19,840$435,100
11$20,871$18,934$414,229
12$21,819$17,986$392,410
13$22,809$16,995$369,601
14$23,845$15,960$345,756
15$24,928$14,877$320,828
16$26,060$13,745$294,768
17$27,243$12,562$267,526
18$28,480$11,325$239,046
19$29,773$10,032$209,273
20$31,125$8,680$178,148
21$32,538$7,267$145,611
22$34,015$5,790$111,596
23$35,560$4,245$76,036
24$37,174$2,631$38,862
25$38,862$943$0

At the end of your 5-year term

Total paid over the term
$199,024
Principal paid down
$73,299
Interest paid
$125,724
Balance remaining
$526,621

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$1,450/mo
$17,400Gross annual rent
1.6%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

2.3%
Gross yield
− Property tax $2,047− Insurance $1,400− Vacancy & upkeep $1,914Net operating income $12,039

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COLDWELL BANKER RONAN REALTY. MLS®/PropTx.

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