23 Sixteenth Street, Toronto, ON M8V 3J7
New Toronto, Toronto · Near Sixteenth St & Lake Shore Blvd · View map
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.
The home
- Type
- 2-storey detached home
- Style
- 2-Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 5
- Bathrooms
- 4
- Kitchens
- 3
- Rooms
- 9
- Basement
- Apartment
- Lot size
- 40 x 120 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stucco (Plaster)
Heating & cooling
- Heating type
- Heat Pump
- Air conditioning
- Wall Unit(s)
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Available
Taxes & other
- Property taxes
- $3,597/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- Flexible/30 Days
- Cross street
- Sixteenth St & Lake Shore Blvd
- Neighbourhood
- New Toronto
More
- Price per sq ft
- ~$616 (at 1,750 sq ft)
- MLS® number
- W13880122
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
23 Sixteenth Street, Toronto, ON M8V 3J7
New Toronto, Toronto · Near Sixteenth St & Lake Shore Blvd
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Listing history for 23 Sixteenth Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 23 Sixteenth Street
Answers come straight from this home’s MLS® listing.
How much is 23 Sixteenth Street listed for, and what would it cost each month?
23 Sixteenth Street is listed for $1,078,000. With 20% down ($215,600), the mortgage payment would be roughly $4,348 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,648 a month, all in. That figure is an illustration, not a quote.
Is 23 Sixteenth Street freehold or a condo, and is there a monthly fee?
23 Sixteenth Street is a 2-storey detached home in New Toronto, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 23 Sixteenth Street have?
23 Sixteenth Street has 5 bedrooms and 4 bathrooms.
Does 23 Sixteenth Street have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 23 Sixteenth Street have a finished basement?
The listing describes the basement as apartment. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 23 Sixteenth Street?
23 Sixteenth Street is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 23 Sixteenth Street, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 40 x 120 ft.
How is 23 Sixteenth Street heated and cooled?
Heating is heat pump. Cooling is wall unit(s).
What are the property taxes for 23 Sixteenth Street?
Property taxes are $3,597 a year (2025), or about $300 a month.
Where is 23 Sixteenth Street?
23 Sixteenth Street is in the New Toronto community of Toronto. The nearest main intersection is Sixteenth St & Lake Shore Blvd. The postal code is M8V 3J7.
Is 23 Sixteenth Street still for sale?
Yes. It is an active listing (MLS® W13880122). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 23 Sixteenth Street asking?
Similar detached homes for sale nearby right now include 19 Toffee Court at $1,049,000 (4 bed), 93 Eleventh Street at $1,149,000 (2 bed) and 148 Meadowvale Road at $1,288,000 (4+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 23 Sixteenth Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 23 Sixteenth Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near New Toronto, picked by style, size and price.
2-storey detached home$1,049,00019 Toffee Court, Toronto4 bed · 3 bath · New TorontoCourtesy of: SAM MCDADI REAL ESTATE INC.View home →
2-storey detached home$1,149,00093 Eleventh Street, Toronto2 bed · 2 bath · New TorontoCourtesy of: BOSLEY REAL ESTATE LTD.View home →
2-storey detached home$1,288,000148 Meadowvale Road, Toronto4+3 bed · 5 bath · Centennial ScarboroughCourtesy of: RIGHT AT HOME REALTYView home →Courtesy of: RE/MAX REALTRON REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.