Detached House for sale at 48 Sixteenth Street, Toronto, Ontario, M8V 3J8 - New Toronto - MLS: W13682280

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48 Sixteenth Street

Toronto, Ontario, M8V 3J8 - New Toronto

$1,449,999

Virtual Tour

Neighbourhood

New Toronto
Major Intersection

Kipling & Lakeshore

Listed Since: 67 day(s)
Last update: today

Virtual Tour

Overview

Property Type

Detached, Bungalow
Bedrooms

2 + 2
Bathrooms

2
Basement

Sep Entrance + Finished
Kitchen

1 + 1
Total Parking

6
Lot Size

50.08x100.16 (Feet)
Taxes

$4,596.20 (2026)
Type

Freehold

Property Description

Property description for 48 Sixteenth Street, Toronto

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 **

Listed by EXP REALTY

Property details

MLS #

W13682280
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

None
Total Parking

6
Family Room

Y
Den

Y
Exterior

Stucco/Plaster
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W13682280
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

None
Total Parking

6
Family Room

Y
Den

Y
Exterior

Stucco/Plaster
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Kitchen

3.91 x 3.49 ft Main level
Living

4.77 x 4.24 ft Main level
Primary

5.69 x 3.33 ft Main level
2nd Br

3.8 x 2.77 ft Main level
Kitchen

4.29 x 3.45 ft Bsmt level
3rd Br

3.68 x 3.45 ft Bsmt level
4th Br

3.44 x 2.86 ft Bsmt level
Laundry

7.0 x 3.57 ft Bsmt level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 48 Sixteenth Street, Toronto

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Detached in New Toronto

Active listings

Average Selling Price of a Detached

September 2026

$948,217

Last 3 Months

$1,101,517

Last 12 Months

$1,115,913

September 2025

$1,438,000

Last 3 Months LY

$1,200,625

Last 12 Months LY

$1,223,136

Change

-34%

Change

-8%

Change

-9%

Historical Average Selling Price of a Detached in New Toronto

Average Selling Price

3 years ago

$1,225,000

Average Selling Price

5 years ago

$1,221,964

Average Selling Price

10 years ago

$832,444

Change

-23%

Change

-22%

Change

14%

How many days Detached takes to sell (DOM)

September 2026

Last 3 Months

Last 12 Months

September 2025

Last 3 Months LY

Last 12 Months LY

Change

-35%

Change

-17%

Average Selling price

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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