23 Sixteenth Street, photo 1

For sale New Toronto, Toronto, ON

23 Sixteenth Street

List price
$1,078,000
Sq ft
1500-2000
Bedrooms
5
Bathrooms
4

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.

Photos of 23 Sixteenth Street

Facts and features of 23 Sixteenth Street

Key facts
TypeDetached
Style2-Storey
Bedrooms5
Bathrooms4
Size1500-2000 sq ft
Lot40 x 120 Feet
Parking4
GarageNone
HeatingHeat Pump
CoolingWall Unit(s)
BasementApartment
ExteriorStucco (Plaster)
Taxes$3,597 (2025)
Days on market21
Listing brokerageRE/MAX REALTRON REALTY INC.

Around this home

What’s near 23 Sixteenth Street

From 23 Sixteenth Street, the nearest TDSB elementary school is Twentieth Street Junior School, 7 minutes on foot.

Schools

  • Twentieth Street Junior School TDSB elementary · JK-5 EQAO 2024-25: Gr 3 reading 69% 7 min walk
  • Seventh Street Junior School TDSB elementary · JK-5 EQAO 2024-25: Gr 3 reading 74% 14 min walk
  • The Holy Trinity Catholic School Catholic elementary · JK-8 EQAO 2024-25: Gr 6 reading 85% · Gr 6 math 69% 5 min walk
  • Lakeshore Collegiate Institute TDSB secondary · 9-12 EQAO 2024-25: Gr 9 math 42% · Gr 10 literacy 75% 6 min walk
  • Father John Redmond Catholic Secondary School Catholic secondary · 9-12 EQAO 2024-25: Gr 9 math 75% · Gr 10 literacy 94% 10 min walk

Nearest schools, not necessarily the ones that serve this address. Check with the TDSB and TCDSB school locators.

Places: OpenStreetMap contributors, October 2026. Walking times: Mapbox. Schools: EQAO 2024-25, Ontario Ministry of Education.

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MLS® W13880122 Data source: PropTx Listed October 9, 2026