471 Jones Avenue, Toronto E01

Price: $1,325,000

5 bedrooms, 4 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E13136860

STUNING! MODERN HOME WITH 3 Legal Units, Located in high demand neighborhood. Main and second floor features premium hardwood flooring and spacious open concept living/dining area. The main unit offers 3 bedrooms, a contemporary kitchen with Bosch appliances, LG washer and dryer. Fully finished basement, legal basement apartment includes separate entrance, 1 Bedroom, kitchen and private Laundry w/ Samsung washer/dryer. BONUS: NEWLY BUILT AND CITY APPROVED LANEWAY STUDIO APARTMENT WITH GROUND LEVEL GARAGE AND SEPARATE APARTMENT ABOVE; AN EXCEPTIONAL FEATURE RARELY AVAILABLE. All units have separate Kitchen and appliances. Live in one unit and rent the other two. Studio apartment is currently rented 1200$ + $35 internet. Basement is rented for 1500$ + 35$ internet + 25% utilities.

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$1,325,000 - 471 Jones Avenue, Leslieville

Detached for Sale in Leslieville

31 days on market
5Beds
4Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
E13136860
Property Type
Detached
Status
active
Days on Site
31
Bedrooms
5
Bathrooms
4
Square Feet
700 - 1,099 sqft
Neighbourhood
Riverdale / Leslieville
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Description

STUNING! MODERN HOME WITH 3 Legal Units, Located in high demand neighborhood. Main and second floor features premium hardwood flooring and spacious open concept living/dining area. The main unit offers 3 bedrooms, a contemporary kitchen with Bosch appliances, LG washer and dryer. Fully finished basement, legal basement apartment includes separate entrance, 1 Bedroom, kitchen and private Laundry w/ Samsung washer/dryer. BONUS: NEWLY BUILT AND CITY APPROVED LANEWAY STUDIO APARTMENT WITH GROUND LEVEL GARAGE AND SEPARATE APARTMENT ABOVE; AN EXCEPTIONAL FEATURE RARELY AVAILABLE. All units have separate Kitchen and appliances. Live in one unit and rent the other two. Studio apartment is currently rented 1200$ + $35 internet. Basement is rented for 1500$ + 35$ internet + 25% utilities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,860.92/mo

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5-yr fixed avg.

Principal: $1,060,000Interest: $698,277
Mortgage Amount$1,060,000
Total Interest$698,277
Est. Property Tax$939/mo
Total Cost$1,758,277

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Riverdale / Leslieville

Discover Riverdale / Leslieville

Riverdale / Leslieville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Riverdale / Leslieville

  • Convenient location in Riverdale / Leslieville
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Riverdale / Leslieville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

471 Jones Avenue, Riverdale / Leslieville

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
2.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$939
Insurance (est.)-$276
Net Cash Flow+$2,385

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1893/sqft, this property is priced above the Leslieville average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Leslieville are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Leslieville.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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    471 Jones Avenue, Riverdale /… — $1,325,000 | Battaglia Team