REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,078,000
Est. payment /mo
New
23 Sixteenth ST Toronto W06, ON M8V 3J7
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Municipality Toronto W06
Subdivision New Toronto
MLS Listing ID W13880122
Style 2-Storey
Bedrooms 5
Annual Tax Amount $3,597
Tax Year 2025
Property Sub-Type Detached
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.
Location
Province ON
County Toronto
Community Toronto W06
Area Toronto
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Interior
Interior Features None
Cooling Wall Unit(s)
Fireplace No
Heat Source Other
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Topography Flat
Lot Frontage 40.0
Lot Depth 120.0
Total Parking Spaces 4
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX REALTRON REALTY INC.