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.
Address
23 Sixteenth Street
List Price
$1,078,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto W06
Sub-Area
New Toronto
Region
Toronto
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
9
Bathrooms
4
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
120
Lot Size Units
Feet
Lot Width
40
Parcel Number
075990378
Occupant Type
Vacant
Cross Street
Sixteenth St & Lake Shore Blvd
MLS® Number
W13880122
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Basement Area
Apartment
Postal Code
M8V 3J7
Posession Details
Flexible/30 Days
Parking
Available
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$3,597.00
Tax Year
2025
Interior Features
None
Central Vacuum
No
Family Room
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Other
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Other
Heat Type
Heat Pump
Cooling Features
Wall Unit(s)
Construction Materials
Stucco (Plaster)
Direction Faces
East
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
CONSOLIDATION OF VARIOUS PROPERTIES PART LOT 193, PLAN 1712 AS IN NT17530 AND PART LOTS A & B AND PART RESERVE,BLOCK 16, PLAN 1101 DESIGNATED AS PARTS 13 & 14 ON PLAN 64R-14066, ETOBICOKE, CITY OF TORONTO.
Topography
Flat
Waterfront
No
Sewer
Sewer