48 Sixteenth Street

New Toronto, Toronto, M8V 3J8
FOR SALE
$1,499,999
48 Sixteenth Street, Toronto
48 Sixteenth Street
48 Sixteenth Street
48 Sixteenth Street
48 Sixteenth Street
48 Sixteenth Street
48 Sixteenth Street
48 Sixteenth Street
48 Sixteenth Street
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2 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6 + 2
ROOMS
W13682280
MLSID
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Property Description
A rare 50 x 100 ft parcel in South Etobicoke, approved by the Committee of Adjustment to sever into two building lots, with a solid, income-producing bungalow already on the property. Owner occupied - no tenants. The opportunity is what makes this property so unique. Minor variance approvals are in place for two single-family detached homes, each with an attached garage and rear deck. Each lot is approved for a 1,902 sq ft home - 3,804 sq ft total above grade, plus finished basements and attached garages. The approved 0.78 FSI provides approximately 30% more house than the 0.60 base zoning allowance on each lot. The approved homes feature 3 bedrooms + 1 bedroom in the lower level (3+1) and 3.5 bathrooms. The second floor includes a primary bedroom with walk-in closet and ensuite, plus two additional bedrooms sharing a 4-piece bathroom. The main floor includes a powder room, while the lower level provides a fourth bedroom with a guest bathroom. A complete pre-development package is included, meaning much of the hard work is already done. The package includes issued-for-permit architectural drawings, structural engineering, HVAC design, survey, R-Plan, arborist report and tree permit, Stage 1-2 archaeological assessment, and 3D photorealistic renderings. Just minutes' walk to the lake and steps to Humber College, the waterfront and bike trails, with easy access to public transit and the Gardiner. Live in the existing bungalow, generate income, or build two new homes - the approvals and pre-development work are already in place. **Rendering Drawings to show example, some photos are virtually staged **
Sold History
List Date Sold Date Days Listed List Price Sold Price
2020-09-09 2020-09-15 6 $979,000 $1,118,000
2012-09-04 2012-09-11 7 $449,000 $475,100
2006-09-25 2006-09-27 2 $319,000 $317,000
2000-05-20 2000-06-07 18 $239,000 $234,500
Nearby Intersections
Property Features
Fenced Yard, Golf, Hospital, Park, Public Transit, School, In-Law Suite, Primary Bedroom - Main Floor, Storage, Private Double
Property Details
Address
48 Sixteenth Street
Community
Postal Code
M8V 3J8
Property Type
Detached, Detached
Lot Size
50' x 100'
Taxes
$4,596 (2026
Basement
Separate Entrance, Finished
Exterior
Landscaped, Patio
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
Listing contracted with Exp Realty
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$1,338,000
FOR SALE
Stunning & Sun-Filled 3+1 Bedroom Detached Home on a Tranquil, Tree-Lined Street in One of North Yorks Most Prestigious Neighbourhoods.Beautifully Renovated with Premium Finishes No Expense Spared! Sits On A Rare Wide Oversized Lot, Fully Fenced For Ultimate Privacy And Security. A Stylish Luxury Metal Gate Sets The Tone, Leading To Two Expansive Yards And A Stunning Paved Interlocking Stone Patio Perfect For Summer Entertaining Or Extra Parkings.Step Onto The Charming Front Porch And Be Wowed By Parking For Up To 4 Vehicles. Inside, You'll Find A Sophisticated Interior With Modern Luxury Finishes, Lots Of Elegant Pot Lights, And Gleaming Floors Throughout. The Open-Concept Living And Dining Space Is Filled With Natural Light From A Large Picture Window And Anchored By A Chic Modern Accent Wall.The Chefs Kitchen Is A Showstopper, Boasting A Spacious Granite Island Ideal For Cooking, Hosting, And Everyday Family Life,Spacious Cabinets Space,Top-Of-The-Line Modern Stainless Steels Appliances. The Finished Functional Basement Offers A Cozy Bedroom And A Stylish 3-Piece Bath for Extra Living Space.Enjoy Peace Of Mind On This Low-Traffic Crescent, Friendly Neiborhood While Being Minutes From Everything: Top-Rated Schools (Public, Catholic, French immersion), Highways 401/404/DVP, Leslie Subway Station,Groceries,Super Markets,Fairview Mall, Restaurants,Hospital And Nymark Plaza Just Steps Away. Showing With Confidence.Don't Miss This Rare Move-In-Ready Gem In Prime North York.
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