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.
Full Property Details
Interior
Bedrooms
5
Total Bedrooms
5
Washrooms
4
Square Footage
1500-2000 sqft
Basement
Apartment
Heating Source
Other
Heating Fuel
Heat Pump
Air Conditioning
Wall Unit(s)
Family Room
Yes
Kitchens
3
Total Kitchens
3
Fireplace Features
No
Bedrooms
5
Total Bedrooms
5
Washrooms
4
Square Footage
1500-2000 sqft
Basement
Apartment
Heating Source
Other
Heating Fuel
Heat Pump
Air Conditioning
Wall Unit(s)
Family Room
Yes
Kitchens
3
Total Kitchens
3
Fireplace Features
No
Exterior
Depth
120.0
Front
40.0
Driveway
Available
Lot Size
40 x 120.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Depth
120.0
Front
40.0
Driveway
Available
Lot Size
40 x 120.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Building Description
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
East
Exterior Finish
Stucco (Plaster)
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
House
Subtype
Detached
Property Orientation
East
Exterior Finish
Stucco (Plaster)
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
New Toronto
Community
New Toronto
Taxes & Fees
Taxes
$3,597 /yr
Tax Year
2025
Occupancy
Vacant
Taxes
$3,597 /yr
Tax Year
2025
Occupancy
Vacant
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