
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of New Toronto. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $799,000 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.
Opportunity to build new home(s) or investment property in desirable South Etobicoke in the heart of New Toronto. Located in a sought-after neighborhood with convenient access to parks, schools, transit, and local amenities Situated on a 40' x 100' freehold lot (approx. 4,004 sq. ft.), it offers exceptional potential for investors, builders, and renovators looking to seize the opportunity on a prime residential location. The site features detached home built in 1948, detached garage with private driveway. The site is designated with residential RM zoning, supporting strong and varied redevelopment potential therefore it is ideal for variety of opportunities such as renovation, expansion, or a custom rebuild. Whether your strategy is to renovate and hold, flip, or redevelop, this is a rare chance to secure a well-sized lot in an established, high-demand west-end neighborhood with long-term upside
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This detached home located at 74 Sixteenth Street, Toronto is currently for sale and has been available on SousaSells for 15 days. This property is listed at $799,000 with an estimated mortgage of $2,660* per month. It has 2 beds, 1 bathroom, and is < 700 square feet. 74 Sixteenth Street, Toronto is in the New Toronto neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in New Toronto, Toronto.
First-time home buyers, professionals, or investors seeking value.
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The current listing price for 74 Sixteenth Street, Toronto, ON in New Toronto, Toronto is $799,000.
This property features 2 bedrooms and 1 bathroom across approximately < 700 sqft.
74 Sixteenth Street, Toronto, ON is a Detached (Bungalow) featuring a Partially Finished basement.
Key property features include: Fenced Yard, Level, Public Transit.
Interior highlights include: Water Heater.
Yes, this property offers parking space for 6.0 vehicles (Detached).
Heating is provided via Gas and cooling via Central Air.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 74 Sixteenth Street, Toronto, ON M8V 3K1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $799,000 in Toronto, the legal minimum down payment is $54,900 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 $12,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,455 also applies, bringing the total estimated land transfer taxes to $24,910.
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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.