23 16th Street, Toronto, ON M8V 3J7
Welcome to 23 Sixteenth St, Etobicoke - a fully renovated, turnkey investment property offering exceptional income potential in a highly desirable location.This spacious home features three self-contained units:Main Floor: 2 bedrooms, 2 bathrooms, kitchen Second Floor: 2 bedrooms, 1 bathroom, kitchen Basement: 1 bedroom, 1 bathroom, kitchenIn total, the property offers 5 bedrooms, 4 bathrooms, and 3 kitchens, thoughtfully designed to maximize functionality and rental income.The property has been fully renovated, providing a modern and low-maintenance living environment for both owners and tenants.Ideal for investors or end-users, this property offers flexibility to live in one unit while renting out the remaining units, or to fully lease the entire building for strong income potential.The seller and listing brokerage make no representations or warranties regarding retrofit status, zoning compliance, or legality of the units. Buyers and buyer's agents are responsible for conducting their own due diligence, including verifying all measurements and property details.
Basement
Apartment
Bathrooms
1 × 2-piece — Ground, 1 × 3-piece — Second, 1 × 3-piece — Ground, 1 × 3-piece — Lower
Fireplace
No
Family room
Yes
Kitchens
3
Rooms (above / below grade)
9 above, 0 below
Architectural style
2-Storey
Construction materials
Stucco (Plaster)
Foundation
Concrete
Roof
Asphalt Shingle
Direction faces
East
Garage type
None
Garage spaces
0
Total parking spaces
4
Driveway parking
4
Parking features
Available
Lot size
40 x 120 ft
Cross street
Lake Shore Blvd
Directions
Sixteenth St& Lake Shore Blvd
Neighbourhood
New Toronto
Heating
Heat Pump — Other
Cooling
Wall Unit(s)
Water
Sewer
Sewer
List price
$1,199,000
Original list price
Annual taxes
$4,087
Tax year
2025
Assessment year
2025
Legal description
PCL 160-2, SEC M362 ; PT LT 160, PL M362 ,
Inclusions
Exclusions
MLS #
W13167620
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
30 Days
Occupancy
Vacant
Listing brokerage
CEG REAL ESTATE INC.
$1,089,000
Median list price
21
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$5,748
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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