MLS® listing
491 Jones Avenue: townhouse for sale
$799,000
From the listing brokerage
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, cafes, 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!
Facts on the listing
| Square feet | 1500-2000 |
|---|---|
| Style | 2-Storey |
| Basement | Separate Entrance, Apartment |
| Lot width | 15.7 |
| Lot depth | 100 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 1 |
| Garage | Carport |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 2 |
| Property tax | $4,427 |
| Tax year | 2026 |
| Parking | Lane |
| Interior features | Carpet Free |
Listing courtesy of KELLER WILLIAMS ADVANTAGE REALTY. MLS® E14151610.
About this townhouse
491 Jones Avenue is a 6 bedroom townhouse in TRREB's Blake-Jones community in Toronto, listed for sale at $799,000. The listing shows 3 bathrooms and 1500-2000 square feet. The style is given as 2-storey. The lot is listed as 15.7 by 100 feet. The listing gives the basement as separate entrance, apartment. It comes with 1 parking space and a carport garage according to the listing. The nearest main intersection given is Danforth /Strathcona.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 491 Jones Avenue
At the asking price of $799,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $799,000 |
|---|---|
| Ontario land transfer tax | $12,455 |
| Toronto municipal land transfer tax | $12,455 |
| Both taxes | $24,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $54,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $4,427 a year, about $369 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 45 freehold townhouse sales in the City of Toronto in August 2026, at a median price of $962,000 and an average of $1,026,018. This home is listed at $799,000, which is $163,000 below that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 15.7 by 100 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 2 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 491 Jones Avenue
How much is land transfer tax on 491 Jones Avenue?
At the asking price of $799,000 the Ontario tax is $12,455 and the Toronto tax is $12,455, $24,910 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 491 Jones Avenue?
$54,900 at the asking price of $799,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 491 Jones Avenue?
The listing shows $4,427 a year for 2026, about $369 a month.
Is 491 Jones Avenue priced above or below the median?
It is listed at $799,000. The August 2026 median for freehold townhouse sales in the City of Toronto was $962,000 across 45 sales, so the asking price is $163,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 491 Jones Avenue?
Use the form on this page or call us. Quote MLS® E14151610. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 491 Jones Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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