Listed for:Listed 9 days ago
$1,078,000

23 Sixteenth Street

Etobicoke (New Toronto), ON M8V 3J7

Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 23 Sixteenth Street, Etobicoke, New Toronto

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.

$1,089,811Medium confidence
Based on 3 comparable properties
− $11,811 (1%) below our estimate — Good deal!
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Etobicoke, ON
Minimum Down Payment Required:7.7%

5% on first $500K + 10% on $578,000 over $500K

Minimum down payment

$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
Are you a first time home buyer?

Land Transfer Tax

Provincial

$18,035

Municipal (Toronto)

$18,035

Total Land Transfer Tax

$36,070

Around this home

6/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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4.9 /10

Lakeshore

Public·secondary·310m

7.4 /10

The Holy Trinity

Private·elementary·350m

8.6 /10

Father John Redmond

Private·secondary·580m

6.8 /10

Second Street

Public·elementary·1.3km

5.6 /10

James S Bell

Public·elementary·1.3km

7.1 /10

John English

Public·elementary·2.1km

5.3 /10

St Leo

Private·elementary·2.2km

8.2 /10

Micheline-Saint-Cyr

Public·elementary·French·2.6km

6.4 /10

Lanor

Public·elementary·2.6km

8.2 /10

St Ambrose

Private·elementary·2.9km

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