A rare 50 x 100 ft parcel in South Etobicoke, approved by the Committee of Adjustment to sever into two building lots, with a solid, income-producing bungalow already on the property. Owner occupied - no tenants. The opportunity is what makes this property so unique. Minor variance approvals are in place for two single-family detached homes, each with an attached garage and rear deck. Each lot is approved for a 1,902 sq ft home - 3,804 sq ft total above grade, plus finished basements and attached garages. The approved 0.78 FSI provides approximately 30% more house than the 0.60 base zoning allowance on each lot. The approved homes feature 3 bedrooms + 1 bedroom in the lower level (3+1) and 3.5 bathrooms. The second floor includes a primary bedroom with walk-in closet and ensuite, plus two additional bedrooms sharing a 4-piece bathroom. The main floor includes a powder room, while the lower level provides a fourth bedroom with a guest bathroom. A complete pre-development package is included, meaning much of the hard work is already done. The package includes issued-for-permit architectural drawings, structural engineering, HVAC design, survey, R-Plan, arborist report and tree permit, Stage 1-2 archaeological assessment, and 3D photorealistic renderings. Just minutes' walk to the lake and steps to Humber College, the waterfront and bike trails, with easy access to public transit and the Gardiner. Live in the existing bungalow, generate income, or build two new homes - the approvals and pre-development work are already in place. **Rendering Drawings to show example, some photos are virtually staged **
About this home
Photos of 48 Sixteenth Street
Facts and features of 48 Sixteenth Street
| Type | Detached |
|---|---|
| Style | Bungalow |
| Bedrooms | 2 + 2 |
| Bathrooms | 2 |
| Size | 700-1100 sq ft |
| Lot | 50.08 x 100.16 Feet |
| Parking | 6 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Basement | Separate Entrance, Finished |
| Exterior | Stucco (Plaster) |
| Taxes | $4,596 (2026) |
| Days on market | 74 |
| Listing brokerage | EXP REALTY |
Rooms
8 rooms, with sizes
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12′ 10″ × 11′ 5″ 3.91 × 3.49 m | |
| Kitchen | Basement | 14′ 1″ × 11′ 4″ 4.29 × 3.45 m | |
| Bedroom 4 | Basement | 11′ 3″ × 9′ 5″ 3.44 × 2.86 m | |
| Bedroom 3 | Basement | 12′ 1″ × 11′ 4″ 3.68 × 3.45 m | |
| Primary Bedroom | Main | 18′ 8″ × 10′ 11″ 5.69 × 3.33 m | |
| Laundry | Basement | 23′ 0″ × 11′ 9″ 7.0 × 3.57 m | |
| Living Room | Main | 15′ 8″ × 13′ 11″ 4.77 × 4.24 m | |
| Bedroom 2 | Main | 12′ 6″ × 9′ 1″ 3.8 × 2.77 m |
Around this home
What’s near 48 Sixteenth Street
From 48 Sixteenth Street, the nearest TDSB elementary school is Twentieth Street Junior School, about 400 m away.
Schools
- Twentieth Street Junior School TDSB elementary · JK-5 EQAO 2024-25: Gr 3 reading 69% about 400 m
- Seventh Street Junior School TDSB elementary · JK-5 EQAO 2024-25: Gr 3 reading 74% about 1000 m
- The Holy Trinity Catholic School Catholic elementary · JK-8 EQAO 2024-25: Gr 6 reading 85% · Gr 6 math 69% about 350 m
- Lakeshore Collegiate Institute TDSB secondary · 9-12 EQAO 2024-25: Gr 9 math 42% · Gr 10 literacy 75% about 300 m
- Father John Redmond Catholic Secondary School Catholic secondary · 9-12 EQAO 2024-25: Gr 9 math 75% · Gr 10 literacy 94% about 650 m
Nearest schools, not necessarily the ones that serve this address. Check with the TDSB and TCDSB school locators.
Places: OpenStreetMap contributors, October 2026. Straight-line distances. Schools: EQAO 2024-25, Ontario Ministry of Education.
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48 Sixteenth Street
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48 Sixteenth Street
Listing information is deemed reliable but is not guaranteed accurate by PropTx or the Toronto Regional Real Estate Board. Data source: PropTx. Listings are refreshed from the MLS® at least daily.
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.
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MLS® W13682280 Data source: PropTx Listed August 17, 2026
