23 Sixteenth Street
New Toronto, Toronto, M8V 3J7
FOR SALE
$1,078,000
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5
BEDROOMS 4
BATHROOMS 3
KITCHENS 9
ROOMS W13880122
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Property Description
Welcome to 23 Sixteenth Street, a fully renovated and turnkey property set on an exceptionally wide 40 x 120 ft lot in a highly desirable South Etobicoke neighbourhood. Offering impressive flexibility, modern finishes and strong income potential, this is an excellent opportunity for investors, multi-generational families or end-users looking to offset carrying costs with rental income.The home is currently configured as three self-contained living spaces. Unit A offers 2 bedrooms, 2 bathrooms and a full kitchen. Unit B features 2 bedrooms, 1 bathroom and a kitchen, while Unit C offers 1 bedroom, 1 bathroom and its own kitchen. In total, the property provides 5 bedrooms, 4 bathrooms and 3 kitchens. Each unit is equipped with its own electrical sub-panel and independently controlled heating and cooling, adding convenience, functionality and greater separation between living spaces.Fully renovated throughout, the home offers a fresh, modern and low-maintenance living environment for both owners and tenants. Live in one unit while generating income from the others, accommodate extended family, or utilize the entire property as an income-producing investment.A major highlight is the impressive 40-ft frontage and generous 120-ft depth, offering a substantial lot that is difficult to find in the area. The property may also offer future potential for additional living space, additional residential units or a garden suite, subject to zoning, permits, municipal approvals and buyer due diligence.Ideally located within walking distance of shops, schools, restaurants, parks, Lake Ontario, beaches and public transit, with convenient access in and out of the city.A rare opportunity combining a substantial lot, turnkey condition, multiple living spaces, rental potential and long-term possibilities in one of South Etobicoke's established lakeside communities.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2023-03-08 | 2023-05-02 | 55 | $1,049,000 | $950,000 |
| 1999-09-02 | 1999-09-16 | 14 | $179,900 | $171,000 |
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Property Features
None, Available
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Property Details
Address
23 Sixteenth Street
Community
City
Postal Code
M8V 3J7
Property Type
Detached, Detached
Lot Size
40' x 120'
Taxes
$3,597 (2025
Basement
Apartment
Heat Type
Heat Pump
Heat Source
Other
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Re/Max Realtron Realty Inc.
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