MLS® listing
23 Sixteenth Street: detached house for sale
$1,078,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 1500-2000 |
|---|---|
| Style | 2-Storey |
| Basement | Apartment |
| Lot width | 40 |
| Lot depth | 120 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 4 |
| Garage | None |
| Heating | Heat Pump |
| Cooling | Wall Unit(s) |
| Kitchens | 3 |
| Property tax | $3,597 |
| Tax year | 2025 |
| Parking | Available |
| Interior features | None |
Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS® W13880122.
About this detached house
23 Sixteenth Street is a 5 bedroom detached house in TRREB's New Toronto community in Toronto, listed for sale at $1,078,000. The listing shows 4 bathrooms and 1500-2000 square feet. The style is given as 2-storey. The lot is listed as 40 by 120 feet. The listing gives the basement as apartment. It comes with 4 parking spaces according to the listing. The nearest main intersection given is Sixteenth St & Lake Shore Blvd.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 23 Sixteenth Street
At the asking price of $1,078,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,078,000 |
|---|---|
| Ontario land transfer tax | $18,035 |
| Toronto municipal land transfer tax | $18,035 |
| Both taxes | $36,070 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $82,800 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $3,597 a year, about $300 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $1,078,000, which is $92,000 below that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as heat pump.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 40 by 120 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 3 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 23 Sixteenth Street
How much is land transfer tax on 23 Sixteenth Street?
At the asking price of $1,078,000 the Ontario tax is $18,035 and the Toronto tax is $18,035, $36,070 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 23 Sixteenth Street?
$82,800 at the asking price of $1,078,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 23 Sixteenth Street?
The listing shows $3,597 a year for 2025, about $300 a month.
Is 23 Sixteenth Street priced above or below the median?
It is listed at $1,078,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $92,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 23 Sixteenth Street?
Use the form on this page or call us. Quote MLS® W13880122. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 23 Sixteenth Street still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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