48 Sixteenth Street

Toronto, ON M8V 3J8 ( New Toronto)

Quick Facts

Type: Detached

Style: Bungalow

Size: Sq Ft

Age: Years

Taxes: $ 4,596 ( 2026)

Updated: 2026-08-20 20:36:58

Description

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 **

Extras

Detached

Property

Status: For Sale

MLS #: W13682280

Price: $ 1,499,999

Address: 48 Sixteenth Street

Type:

Style: Bungalow

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 4,596

Tax Year: 2026

Lot Size:

Neighbourhood: New Toronto

Nearest Intersection: Kipling & Lakeshore

City: Toronto

Postal Code: M8V 3J8

DOM: 22 Days

Last Update: 2026-08-20 20:36:58

 

Building

Interior

Bedrooms: 4

Bathrooms: 2

Rooms: 0

Kitchens: 2

Family Room:

Fireplace:

Basement: Separate Entrance Finished,

Central Vacuum:

 

Exterior

Exterior: Stucco (Plaster),

Driveway:

Garage: Private Double

Garage Spaces:

Parking Spaces: 6.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms