
23 Sixteenth Street
Etobicoke (New Toronto), ON M8V 3J7
- 5Bedrooms
- 4Bathrooms
- 0Garage
- 1500–2000Sq Ft
- $3,597Tax
- 40×120 ftLot Size
- Estimated Value:$1,089,811See Free Estimate Report

Sale & Price History for 23 Sixteenth Street, Etobicoke, New Toronto
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 23 Sixteenth Street, Etobicoke, New Toronto
Summarized Description
- Fully renovated and turnkey property.
- Offers multiple self-contained living spaces.
- Strong income potential for investors.
- Substantial lot size with future development potential.
- Located in a highly desirable neighbourhood.
- Close to shops, schools, and public transit.
- Independently controlled heating and cooling for each unit.
- Ideal for multi-generational families or rental income.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,597
- Land Transfer Tax Fee
- $36,070
- Basement Type
- Apartment
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Other
Lot
- Lot Front
- 40.00 ft
- Lot Depth
- 120.00 ft
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Other
- Heat Type
- Heat Pump
- Air Conditioning
- Wall Unit(s)
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 5
- Washrooms
- 4
- Kitchens
- 3
- Family / bonus room
- Yes
Washrooms
- 2-piece, Ground
- 3-piece, Second
- 3-piece, Ground
- 3-piece, Lower
- Municipality
- Etobicoke
- Neighbourhood
- New Toronto
- Main cross streets
- Sixteenth St & Lake Shore Blvd
- Directions
- Sixteenth St & Lake Shore Blvd
- MLS® number
- W13880122
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-10-09
- Updated on
- 2026-10-16
- Days on market
- 9 days
- Possession type
- Flexible
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- RE/MAX REALTRON REALTY INC.
Home Market Value
Current home valuation for 23 Sixteenth Street, Etobicoke, New Toronto, Etobicoke, ON. Listed for $1,078,000
HOMEH Estimate
$1,089,811
Estimated Sales Range
$860,951 - $1,318,671
HOMEH Estimate for 23 Sixteenth Street, Etobicoke, New Toronto
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $578,000 over $500K
$82,800
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $39,800 | $30,076 | $25,656 | $0 |
=Total mortgage | $1,034,794 | $1,000,276 | $941,956 | $862,400 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $5,052monthly | $4,884monthly | $4,599monthly | $4,211monthly |
Land Transfer Tax
$18,035
$18,035
$36,070
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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