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Detached

23 Sixteenth Street

New Toronto · Etobicoke, M8V 3J7

$1,078,000

Beds
5
Baths
4
Size
1,500-2,000 ft²
Type
Detached
Listed
17 days
MLS®
W13880122

About this home

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.

Property details

MLS® number
W13880122
Property type
Detached
Style
2-Storey
Bedrooms
5
Bathrooms
4
Kitchens
3
Interior size
1,500-2,000 ft²
Lot
40 × 120 ft
Basement
Apartment
Heating
Heat Pump, Other
Cooling
Wall Unit(s)
Parking
4 total
Exterior
Stucco (Plaster)
Property taxes
$3,597 (2025)
Possession
Flexible/30 Days
Cross street
Sixteenth St & Lake Shore Blvd
Community
New Toronto
City
Etobicoke

Location

New Toronto · Etobicoke, near Sixteenth St & Lake Shore Blvd

23 Sixteenth Street, Etobicoke

Approximate location, placed by postal code. Map data © OpenStreetMap contributors, tiles by OpenFreeMap.

Mortgage estimate

$4,773per month

$215,600 down · 4.5% · 25 years

Down payment

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An estimate, not a quote. Less than 20% down adds mortgage default insurance to the loan.

Etobicoke

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