23 16th Street, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of New Toronto. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,248,888 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 40 x 120 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: None
- equipped with wall unit(s) central cooling and highly efficient heat pump heating via other
Description
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.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 23 16th Street, Toronto W06, ON M8V 3J7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,248,888 in Toronto, the legal minimum down payment is $249,778 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $21,453 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $21,453 also applies, bringing the total estimated land transfer taxes to $42,906.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
