Saigal RealtyMilton–
Halton–GTA

MLS® Listings · Toronto

23 Sixteenth Street

New Toronto, Toronto, M8V 3J7

$1,078,000

For sale · MLS® W13880122

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62 photos — scroll sideways to see them all.

5Bedrooms
4Bathrooms
4Parking
1500-2000Sq ft

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 type
Detached
Style
2-Storey
Size (sq ft)
1500-2000
Bedrooms
5
Bathrooms
4
Kitchens
3
Basement
Apartment
Heating
Heat Pump
Air conditioning
Wall Unit(s)
Garage
None
Parking spaces
4
Lot frontage
40
Lot depth
120
Lot units
Feet
Faces
East
Cross streets
Sixteenth St & Lake Shore Blvd
Property taxes
$3,597
Tax year
2025
Possession
Flexible/30 Days
MLS® number
W13880122

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Listing courtesy of RE/MAX REALTRON REALTY INC..

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Ask a question or book a visit — a Saigal Realty agent will reply quickly. Or call (905) 876-4126.

MLS® listing content displayed under TRREB license. CREA trademarks used under license where listing data is shown. Saigal Realty Inc., Brokerage — brokerage registered with the Real Estate Council of Ontario (RECO). Data last updated Oct 15, 2026, 9:14 p.m..

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

23 Sixteenth Street, Toronto — $1,078,000 | Saigal Realty