23 Sixteenth St
New Toronto, Toronto, Ontario M8V 3J7
- Bedrooms
- 5
- Bathrooms
- 4
- Size
- 1,500–2,000sq ft
- Per sq ft
- $616at the range’s middle
- Lot
- 40 x 120 ft
- Tax a year
- $3,5972025 tax year
- Parking
- 4none
- Days on market
- Members
The brief
About 23 Sixteenth St
23 Sixteenth St is a 5-bedroom, 4-bathroom detached house in New Toronto, Toronto, listed for sale at an asking price of $1,078,000 (MLS® W13880122).
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.
Insights
Condition Score
Good78/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even56/100−$219/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 126 detached homes with 5 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,597 / 2025
- MLS® number
- W13880122
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 40 x 120 ft
- Listed on
- Parking
- None, 4 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- New Toronto
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 5
- Bathrooms
- 4
- Bathroom Details
- 1 × 2pc Ground, 1 × 3pc 2nd, 1 × 3pc Ground, 1 × 3pc Lower
- Basement Type
- Apartment
- Kitchens
- 3
Parking
- Driveway
- Available
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Wall Unit
- Heating Type
- Heat Pump
Land
- Sewer
- Sewers
- Frontage
- 40 ft
- Depth
- 120 ft
- Lot Size
- 40 x 120 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 23 Sixteenth St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,078,000 | N/A | For Sale | W13880122 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $215,600
- Total mortgage amount
- $862,400
- Total interest payment
- $613,300
- Total purchase cost
- $1,691,300
- Mortgage payment
- $4,919/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
24%Monthly carrying cost
$5,219- Rent $5,000
- Shortfall $219
Rental income opens at $5,000, the median asking rent of 126 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $18,035
- Toronto municipal land transfer tax
- $18,035
- Total land transfer tax
- $36,070
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $27,595
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,078,000
- $13,560
- Ontario total
- $18,035
Toronto’s municipal tax uses the same brackets at this price, so it adds another $18,035.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 4,800 sq ft446 m²
- Street frontage
- 40 ft12.2 m
- Depth
- 120 ft36.6 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m6 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 50 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 9.3 km9.3 km
- Mapped parcel: about 3,440 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 590 m590 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is City of Toronto — R.L. Clark Filtration Plant, 760 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RM (u4; d0.6) (x23)By-law
569-2013Municipality
Toronto1 u4
Unit count: at most 4 dwelling units.
2 d0.6
Density: floor area is capped at 0.6 times the lot area.
3 x23
Site-specific exception 23: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 10, section 10.80 of By-law 569-2013 · Exception 900.6.10(23)
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
4 building permits cleared at this address in the City’s file.
Building Permit Related (DR)Permit Issued
Drain - Proposal for a new two-storey detached dwelling with a basement secondary suite
Issued September 25, 2024
New BuildingPermit Issued
Proposal for a new two-storey detached dwelling with a basement secondary suite
Issued September 25, 2024
Building Permit Related(PS)Permit Issued
Plumbing - Proposal for a new two-storey detached dwelling with a basement secondary suite
Issued September 25, 2024
DemolitionPermit Issued
Proposal to demolish the existing dwelling
Issued September 25, 2024
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
3199 LAKE SHORE BLVD WSite planUnder Review
INACTIVE Site Plan Control application to permit the proposed Humber Cultural Hub which is a phased institutional development as part of the Humber College Lakeshore Campus. The proposal includes the partial redevelopment of the existing building with the construction of multiple building additions that would be developed in two phases. The first phase would include the construction of an 8 student residence building that would be connected by 1 to 4-storey academic podiums. The second phase would include a new 3-storey academic podium, with a music and performing arts hall, which would connect to the first phase. The existing 6-storey student residence fronting Lake Shore Boulevard West would remain, as well as the existing 2 and 3-storey library building which would connect to the proposed development. The existing 2-storey academic building component located in the center of the site would be demolished and a portion of the existing surface parking lot would be removed to facilitate the proposal.The total gross floor area of the institutional development would be 49,611 m², of which 30,380 m² would be attributed to the proposed development and 19,231 m² would be attributed to the existing buildings that would be retained on the site.
490 m away124 BIRMINGHAM STSite planUnder Review
The project proposal seeks to construct 2 one-storey industrial warehouse and distribution buildings with accessory office. The existing unoccupied three-storey building (Heritage) is proposed to remain and be incorporated into the development.
610 m away0 LAKE SHORE BLVD WSite planUnder Review
INACTIVE To permit a 2-storey commercial building (fronting Lake Shore Boulevard West), an 8-storey residential building (fronting Annie Craig Drive), and a 43-storey mixed-use building (fronting Marine Parade Drive). The proposal includes a total gross floor area of approximately 36,482.6 square metres (of which 35,000 square metres would be for residential use and 1482.6 square metres would be for commercial use) and a total of 540 residential units.
650 m away2970 LAKE SHORE BLVD WOfficial plan or zoning amendmentOMB Appeal
Proposal for a 9-storey (28.7 m in height including mechanical penthouse) mixed use building containing 95 residential units and 485 sq. m of commercial gross floor area at grade. A total GFA of 8,683 sq. m is proposed, resulting in an FSI of 5.71. A total of 32 parking spaces are proposed within 1-level of underground parking. Vehicular access to the site would be provided from Eighth Street via an existing driveway on the adjacent property to the north.
750 m away99 BIRMINGHAM STOfficial plan or zoning amendmentOMB Appeal
The proposed development consists of a 26-storey mixed use building, containing 352 dwelling units with retail uses at-grade. The proposed net density is 8.83 times the area of the lot. The total building height is 80.47 metres, exclusive of the 5-metre-high mechanical penthouse. 147 vehicular parking spaces are proposed in underground parking levels and 265 bicylcle parkings spaces are proposed on ground level and the first underground level.
750 m away45 TWENTY THIRD STSite planUnder Review
Proposed development of the Clark WTP Generator Building project is to design and construct a new generator system to be housed inside a new building on the Clark WTP property.
760 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in New Toronto right now
- For sale now
- 19
- Median asking price
- $1.45M
- New in 7 days
- 0
- Price cuts
- 21%
Middle half: $1.02M to $1.76M
7 in 28 days
4 listings
This home is asking 26% below the median.
See all homes in New TorontoAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 2.3 km |
| Long Branch GO | GO Transit train: Lakeshore West | 2.7 km |
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 4.5 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| The Holy Trinity Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 300 m | 80%Grade 6 average |
| Twentieth Street Junior SchoolToronto DSB | Public · grades JK–5 | 400 m | 70%Grade 3 average |
| Seventh Street Junior SchoolToronto DSB | Public · grades JK–5 | 900 m | 73%Grade 3 average |
| École élémentaire Micheline-Saint-CyrConseil scolaire Viamonde | French-language public · grades JK–6 | 2.6 km | 76%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 350 m | 42%Grade 9 math |
| Father John Redmond Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 600 m | 75%Grade 9 math |
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 3.6 km | 68%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 8.4 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Recently sold nearby
Sold prices in New Toronto are shown to signed-in members.