491 Jones Avenue, Toronto, ON
Blake-Jones, Toronto · MLS® E13686414
About this home
In short
- Fantastic Danforth opportunity.
- Spacious and well-maintained 4-bedroom, 3-bathroom home offering parking, generous living space, and excellent potential for additional income.
- The main and second floors feature beautiful hardwood flooring, while the kitchen and basement offer ceramic tile.
- A convenient 2-piece powder room completes the main level.
- The basement adds valuable flexibility with a separate entrance, two potential bedrooms, 3-piece bathroom, and laundry, offering excellent potential for extended...
Fantastic Danforth opportunity! Spacious and well-maintained 4-bedroom, 3-bathroom home offering parking, generous living space, and excellent potential for additional income. Ideally located within walking distance to Donlands Station, the Danforth, shops, cafés, restaurants, pubs, parks, schools, groceries, and neighbourhood amenities.The main and second floors feature beautiful hardwood flooring, while the kitchen and basement offer ceramic tile. The updated eat-in kitchen boasts granite countertops, breakfast bar, ceramic backsplash, and stainless-steel appliances, making it ideal for everyday living and entertaining.The main-floor fourth bedroom offers excellent flexibility as a home office, den, or guest room, with a walkout to the backyard. A convenient 2-piece powder room completes the main level.Upstairs are three spacious bedrooms, including a primary bedroom with charming bay window. The second bedroom features a built-in wall unit, while the third bedroom offers a walkout to a private deck with stairs to the backyard.The basement adds valuable flexibility with a separate entrance, two potential bedrooms, 3-piece bathroom, and laundry, offering excellent potential for extended family, additional living space, or rental income.Recent improvements include a brand-new flat roof installed mid-September 2026, new eaves, and updated upper back decking.A rare combination of space, location, flexibility, and income potential in a highly sought-after east-end neighbourhood. Move-in ready and close to everything-don't miss this one!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- E13686414
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 15.7 × 100 ft
- Cross streets
- Danforth /Strathcona
- Parking
- 1 garage (carport)
- Driveway
- Lane
- Basement
- Separate Entrance, Apartment
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding, Brick Front
- Foundation
- Block, Concrete
- Roof
- Asphalt Rolled, Asphalt Shingle, Membrane
- Sewer
- Sewer
- Property tax
- $4,427 / 2026
- Days on market
- 62
- Listing brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
Rooms
laminate · stainless steel sink
hardwood floor · closet · walk-out
hardwood floor · large closet · bay window
tile floor · breakfast bar · breakfast area
hardwood floor · fireplace · 2 pc bath
hardwood floor · his and hers closets · window
hardwood floor · walk-out
hardwood floor · open concept · combined w/dining
laminate · 3 pc bath
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 readOn schools, this address is zoned for Wilkinson Junior Public School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market.
Per square foot, these ask about $869/sqft; this home lists at $502/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Blake-Jones, Toronto, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
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.
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $702,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,884
- Property tax
- $369
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,253
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,035
- Toronto municipal land transfer tax
- $14,035
- Estimated closing costs
- $28,070
Plus your down payment of $175,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $233,021
- Principal paid down
- $85,820
- Interest paid
- $147,201
- Balance remaining
- $616,580
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.
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS ADVANTAGE REALTY. MLS®/PropTx.