For sale · Detached · 2-Storey
23 Sixteenth Street.
New Toronto, Toronto, ON M8V 3J7
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
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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- Mortgage—
- Mortgage insurance (added to loan)—
- Property tax—
Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.
How this price compares
Members3 similar detached houses sold in New Toronto in the last 12 months.
Sales activity nearby
Number of similar detached houses sold each quarter.
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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.
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