23 16th Street
Toronto W06, ON
- 5 bed
- 4 bath
- approx. 1100-1500 sqft
- Detached
Welcome to 23 Sixteenth St, Etobicoke - a beautifull lot 40 Feet x 120 Feet, 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.
Virtual Tour
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Listing Details
- Taxes (2025)
- $4,087
- Listed
- September 15, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- None
- Lot Size
- 40 x 120 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Other
Location & Legal
- Cross Street
- Lake Shore Blvd
- Parcel Number
- 075990378
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- Main Floor Unit: Includes fridge, microwave, cooktop and washer/dryer.Second Floor Unit: Includes fridge, microwave, cooktop and washer/dryer.Basement Unit: Includes fridge, microwave, cooktop and washer/dryer.
- Exclusions
- N/A
- Rental Items
- HOT WATER TANK RENTAL
Schools
Elementary
- The Holy Trinity Catholic School0.3 km
Catholic · Toronto CDSB · 625 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 69% met the provincial standard
- Twentieth Street Junior School0.4 km
Public · Toronto DSB · 210 students
Grade 3 reading: 69% met the provincial standard
- Seventh Street Junior School0.9 km
Public · Toronto DSB · 185 students
Grade 3 reading: 74% met the provincial standard
Secondary
- Lakeshore Collegiate Institute0.4 km
Public · Toronto DSB · 650 students
Grade 10 literacy: 75% met the provincial standard
- Father John Redmond Catholic Secondary School0.6 km
Catholic · Toronto CDSB · 1160 students
Grade 10 literacy: 94% met the provincial standard
- Etobicoke School of the Arts3.6 km
Public · Toronto DSB · 825 students
Grade 10 literacy: 92% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M8V
- Population
- 44,144
- Private dwellings
- 24,434
- Median age
- 40
- Average household size
- 1.9
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Toronto W06 · last 12 months
- Median sold price
- $777,000
- Homes sold
- 965
- Median days on market
- 24
- Sale-to-list price
- 97.8%
Based on 965 recorded sales of residential freehold properties in Toronto W06 over the last 12 months.
Listed by
CEG REAL ESTATE INC.
Walk Score
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Location
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Mortgage Calculator
$217,778
Estimated Monthly Payment
$5,349
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,349/mo (20% down, 5.5%)
Taxes: $341/mo · Insurance: $272/mo
Estimates only. Consult a financial advisor.
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