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For sale · Detached · 2-Storey

23 Sixteenth Street.

New Toronto, Toronto, ON M8V 3J7

On the market19 days
MLS® W13880122Courtesy of Re/max Realtron Realty Inc.
Bedrooms5
Bathrooms4
Lot40 x 120 ftFrontage by depth, as listed
Parking4None

Buyer's market

House market in New Toronto. New listings are outpacing sales, so buyers have more choice and room to negotiate. Homes here sell in about 22 days. Market data

Sales-to-new-listings ratio, last 3 months: 36%
Months of supply: 5.2

What it means

  • Buyer's market in New Toronto: houses take about 22 days to sell.
  • About 5.2 months of houses for sale in New Toronto at the current pace of sales.

At a glance

Property taxes$3,597 / year
BasementApartment
Size1,500–2,000 sq ft
PossessionFlexible/30 Days

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.

Home details

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The homeproperty type, style, size, heating
Property type
Detached
Style
2-Storey
Size
1,500–2,000 sq ft
Heating
Heat Pump
Cooling
Wall Unit(s)
Basement
Apartment
Lot size
40 × 120 feet
Possession
Flexible/30 Days
Parking and storageparking, garage
Parking
4
Garage
None
Fees and taxesproperty taxes, price per sq ft
Property taxes
$3,597 (2025)
Price per sq ft
$616

What it could cost each month

— a month, estimated

With 20% down. Includes property tax. Estimate only.

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  • Property tax—

Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.

How this price compares

Members

3 similar detached houses sold in New Toronto in the last 12 months.

Sales activity nearby

Number of similar detached houses sold each quarter.

0Jan–Mar20250Apr–Jun20252 sold, Jul to Sep 20252Jul–Sep20250Oct–Dec20252 sold, Jan to Mar 20262Jan–Mar20261 sold, Apr to Jun 20261Apr–Jun20260Jul–Sep20260Oct–Dec2026 so far

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Sale and listing history

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The area

Listing brokerage · MLS® W13880122Re/max Realtron Realty Inc.Data last updated Oct 16, 2026 1:14 am.

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein is deemed reliable but is not guaranteed accurate by TRREB or its members. It is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. Used under licence.

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