Salehian.com 647-325-5000

23 Sixteenth Street

New Toronto, Toronto, M8V 3J7

$1,078,000

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  • 5 bedrooms
  • 4 bathrooms
  • 4 parking
  • 1500-2000 sq ft

Listed 11 days ago · MLS® W13880122

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.

Details

Type
Detached
Style
2-Storey
Size
1500-2000 sq ft
Lot
40 × 120 ft
Basement
Apartment
Garage
None
Kitchens
3
Property tax
$3,597 (2025)
Neighbourhood
New Toronto
Municipality
Toronto W06
Price per sq ft
$616 (38% below detached houses in New Toronto, $999)

Interior

Bedrooms
5 above ground
Bathrooms
1 × 2-piece (ground), 1 × 3-piece (second), 1 × 3-piece (ground), 1 × 3-piece (lower)
Rooms
9 above ground
Family room or den
Yes
Fireplace
No

Heating, cooling and services

Heating
Heat Pump
Air conditioning
Wall Unit(s)
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Stucco (Plaster)
Roof
Asphalt Shingle
Foundation
Concrete
Faces
East

Parking

Total parking
4
Driveway and parking
Available

Lot

Size
40 × 120 ft

More

Possession
Flexible/30 Days
Cross street
Sixteenth St & Lake Shore Blvd

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Mimico GO2.4 km

Within a 10-minute walk: 1 grocery store, 32 cafés and restaurants, 9 parks, 3 pharmacies. Nearest grocery: Rabba (300 m). Nearest park: Lakeshore Village Park (450 m).

Schools nearby

Elementary

  • The Holy Trinity Catholic School Catholic
    EQAO: Gr 6 reading 85%, math 69%    5 min walk
  • Twentieth Street Junior School
    EQAO: Gr 3 reading 69%, math 69%    6 min walk
  • St. Josaphat Catholic School Catholic8 min walk
  • Seventh Street Junior School
    EQAO: Gr 3 reading 74%, math 63%    14 min walk

Secondary

  • Lakeshore Collegiate Institute
    EQAO: Gr 9 math 42%, literacy test 75%    6 min walk
  • Father John Redmond Catholic Secondary School Catholic
    EQAO: Gr 9 math 75%, literacy test 94%    8 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M8V

Owners / renters
49% / 51%
Median household income
$79,000
Average age
42
Children under 15
11%
Homes
15% detached, 57% high-rise
Commute by transit
21%
Population
44,144

Languages spoken most at home besides English: Spanish 1.9%, Polish 1.9%, Russian 1.7%, Tibetan 1.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in New Toronto (2025): about the Toronto average, down 24% from the year before.

  • Assaultabout average
  • Break and enterabout average
  • Auto theft35% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings88% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 1 active

  • 3199 LAKE SHORE BLVD W · 500 m
    Site Plan · Under Review · applied 2020
    INACTIVE Site Plan Control application to permit the proposed Humber Cultural Hub which is a phased institutional development as part of the Humber College…
    Application details
  • 225 BIRMINGHAM ST · 300 m
    Plan of Condominium · Closed · applied 2024
    Technical amendment to renumber units within registred plan of condominium.
    Application details
  • 225 BIRMINGHAM ST · 300 m
    Plan of Condominium · Closed · applied 2022
    Proposed Draft Plan of Condominium application for 200 stacked townhouse units contained in eleven (11) residential blocks and four (4) retail units contained…
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 12 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built RM

Residential Multiple Dwelling (with a site-specific exception).

  • ✅ Up to 4 homes on the lot (multiplex)
  • ✅ Garden suite in the backyard
  • ✅ Laneway suite, if the lot backs onto a lane

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Demolition · 2024 · Permit Issued
    Proposal to demolish the existing dwelling
  • New Building · 2024 · Permit Issued
    Proposal for a new two-storey detached dwelling with a basement secondary suite

3 permits on this block of the street in the last 2 years, including 2 new homes.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

56 City street trees within 100 m. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX REALTRON REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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