23 Sixteenth Street

New Toronto, Toronto, Ontario M8V 3J7

Overview

At a glance

Days on market18 days
ListedOct 9, 2026
UpdatedOct 15, 2026
Size1500-2000 sq ft
Lot40 x 120 Feet
Property taxes$3,597 (2025)
Parking4 spaces
BasementApartment
MLS® numberW13880122
Data sourcePropTx MLS® System
Listing brokerageRE/MAX REALTRON REALTY INC.

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.

Details

Property

Style
2-Storey
Fronting on
East
Cross street
Sixteenth St & Lake Shore Blvd
Community
New Toronto
Municipality
Toronto W06

Inside

Bedrooms above grade
5
Bathrooms
4
Kitchens
3
Basement
Apartment
Family room
Yes
Fireplace
No
Interior features
None

Utilities

Heating
Heat Pump
Heating fuel
Other
Cooling
Wall Unit(s)
Sewer
Sewer

Building

Construction
Stucco (Plaster)
Foundation
Concrete
Roof
Asphalt Shingle
Pool
None

Parking

Garage
None
Parking spaces
4
Total parking
4
Driveway
Available

Land

Frontage
40
Depth
120
Lot size units
Feet
Waterfront
No
Topography
Flat
Value

What it’s worth

Automated estimate

Free Sold Nearby account

What this home is likely to sell for, based on its asking price and what similar homes nearby have actually sold for.

Create a free account

Market read

Free Sold Nearby account

Whether New Toronto is a buyer’s or seller’s market right now, and how long homes like this usually take to sell.

Create a free account

History

Listing history

Past listings and sales

Free Sold Nearby account

When this home was listed before, every price change, and what it sold for last time.

Create a free account

Compare

How it compares

Sold comparables

Free Sold Nearby account

The recent sales nearby most like this home, and what each one sold for.

Create a free account

Neighbourhood

Around New Toronto

What’s nearby

  • Elementary schoolThe Holy Trinity Catholic Schoolabout 5 min walk
  • High schoolLakeshore Collegiate Instituteabout 5 min walk
  • ParkColonel Samuel Smith Parkabout 2 min walk
  • Playground about 6 min walk
  • TrailColonel Sam Smith Trailabout 5 min walk
  • River or lakeLake Ontarioabout 11 min walk
  • Grocery storeRabbaabout 4 min walk
  • DowntownMississaugaabout 10.4 km
  • LibraryToronto Public Library - New Torontoabout 7 min walk
  • Rec centre or arenaFord Performance Centreabout 7 min walk
  • Golf courseMaster Golf Range Playabout 14 min walk
  • HospitalQueensway Health Centreabout 3.9 km
  • Highway on-rampExit 141about 31 min walk
  • GO or train stationMimicoabout 34 min walk

Approximate: straight-line distances, and the backyard and street worked out from the map pin and map data © OpenStreetMap contributors. Check school boundaries with the school board.

On the map

Sold nearby

Free Sold Nearby account

Homes within 3 km that sold in the last year, what they sold for and how fast.

Create a free account

Community

The New Toronto market

New Toronto sale prices

Free Sold Nearby account

The median sale price in New Toronto month by month, how fast homes sell, and how close they come to asking.

Create a free account

Costs

What it would cost

%
%
An example rate. Use the one your lender quotes.
Every monthEstimate
Mortgage payment$0
Property tax$0
Monthly total$0
At closing
Ontario land transfer tax$0

Estimates only, not financial advice. Uses Canadian semi-annual compounding, the minimum down payment and mortgage insurance rules, and Ontario’s land transfer tax brackets. Your lender and lawyer confirm the real numbers. Legal fees, title insurance and moving costs aren’t included.

Listing courtesy of RE/MAX REALTRON REALTY INC.. Listing information from the PropTx MLS® System. Each listing shows the brokerage that represents it. 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. Information is deemed reliable but is not guaranteed accurate by PropTx. Last updated October 27, 2026 at 12:52 p.m.

See this home with Kris.

No obligation. Kris replies personally. Privacy policy

Your request goes to Kris Butler, Salesperson, M1 Real Estate Brokerage Ltd. He isn’t the listing agent for this home.

Selling nearby?

Get a valuation built from sales like this one, and see what you’d save with a 1% listing fee.

See what you’d save →
What’s my home worth?