317 Jones Ave.


Property Description

Welcome to a fully renovated duplex in the heart of South Riverdale, where sophistication meets a lucrative investment opportunity. Priced Well such that it cash flows with the current rental income! With the current tenants this property generates over 5% Cap Rate and has the potential of 6.5% Cap Rate based on new higher rent prices for the area. Whether you seek an investment that cash flows or a residence that doubles as a smart income generator, this is the perfect place for you! Keep it as a two-family home, or open up the main floor doorway to embrace single-family living – the choice is yours.
With two eat-in kitchens, two full baths, and two laundries, this duplex caters to your every need, promising a lifestyle that effortlessly blends elegance and practicality. The maintenance-free backyard, fully fenced for privacy, offers a serene retreat for relaxation and entertainment.
Convenience is at your doorstep, as the property is strategically situated right in front of a TTC stop, providing seamless access to transportation. Pape & Coxwell stations are a mere 5-minute journey away, ensuring easy connectivity to the city.
Beyond the property’s allure, South Riverdale offers a vibrant and diverse community, boasting an array of local amenities. Savor the delights of trendy cafes, explore the culinary wonders of Leslieville restaurant row, and indulge in unique finds from boutique shops. Green spaces like Greenwood and Monarch Park offer opportunities to unwind and recharge in nature’s embrace.
Families will appreciate the proximity to highly-rated schools, including Leslieville Junior Public School and Riverdale High School, providing an excellent educational foundation for your loved ones.
Adventure awaits at the iconic Riverdale Farm, just 9 minutes away, providing family fun and memorable moments. With a high walk score of 87, daily errands become a breeze, allowing you to make the most of your time.
This vibrant neighborhood offers more than just a home; it’s an investment in a lifestyle that blends modernity with timeless charm. Don’t miss this opportunity to own a piece of South Riverdale while collecting an extra income.

Property Details

Rooms: 3 + 3

Bathrooms: 2

Property Type: Attached/Row

Neighbourhood: South Riverdale

Taxes/Year: 3615 / 2023

Lot Size: 20.75 x 50.00