New Toronto, Toronto · Detached
Last updated by the listing brokerage Oct 15, 2026
We check this listing against the TRREB feed and record every status change. Track it to get an alert the moment it changes.
No status events on file for this listing yet.
| Tax year | Annual property tax | Change | Source |
|---|---|---|---|
| 2025 | $3,597 | — | MLS® listing |
Annual taxes as reported on this MLS® listing. Confirm current taxes with the municipality.
Sign in free to see sold prices and earlier listings. TRREB’s VOW rules require an account.
Sign in to view historyWelcome 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.
| Level | Room | Size | Features |
|---|---|---|---|
| Loading rooms… | |||
Similar homes nearby, for sale and recently sold.
Loading nearby homes…
Loading market data…
No market series to display yet.
Demographic data is not available for this area yet.
Age group data is not available.
Ownership data is not available.
Household data is not available.
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
About how much cash you’ll need on closing day, besides the mortgage.
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Explore more homes in Toronto.
Alderwood, Toronto
W14130410, RE/MAX WEST REALTY INC.
New Toronto, Toronto
W14127876, COLDWELL BANKER IKC REALTY
Mimico, Toronto
W14129332, CHESTNUT PARK REAL ESTATE LIMITED
Mimico, Toronto
W14129688, CENTURY 21 KING`S QUAY REAL ESTATE INC.
Ask about offers, the neighbourhood or what a fair price might be. Our licensed REALTOR® will contact you the same day.