48 Sixteenth Street, Toronto, ON M8V 3J8
New Toronto, Toronto · Near Kipling & Lakeshore · View map
About this home
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 **
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Basement
- Separate Entrance, Finished
- Lot size
- 50.1 x 100.2 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stucco (Plaster)
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
- Parking features
- Private Double
Taxes & other
- Property taxes
- $4,596/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- Kipling & Lakeshore
- Neighbourhood
- New Toronto
More
- Price per sq ft
- ~$1,667 (at 900 sq ft)
- Listed
- Aug 17, 2026 · 56 days ago
- MLS® number
- W13682280
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The home and its surroundings
- In-Law Suite
- Primary Bedroom - Main Floor
- Storage
- Fenced Yard
- Golf
- Hospital
- Park
- Public Transit
- School
- Landscaped
- Patio
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
48 Sixteenth Street, Toronto, ON M8V 3J8
New Toronto, Toronto · Near Kipling & Lakeshore
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Listing history for 48 Sixteenth Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 48 Sixteenth Street
Answers come straight from this home’s MLS® listing.
How much is 48 Sixteenth Street listed for, and what would it cost each month?
48 Sixteenth Street is listed for $1,499,999. With 20% down ($300,000), the mortgage payment would be roughly $6,051 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,434 a month, all in. That figure is an illustration, not a quote.
Is 48 Sixteenth Street freehold or a condo, and is there a monthly fee?
48 Sixteenth Street is a bungalow in New Toronto, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 48 Sixteenth Street have?
48 Sixteenth Street has 2 bedrooms, plus 2 more bedrooms in the basement, and 2 bathrooms.
Does 48 Sixteenth Street have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 48 Sixteenth Street have a finished basement?
The listing describes the basement as separate entrance, finished. It counts 2 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 48 Sixteenth Street?
48 Sixteenth Street is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 48 Sixteenth Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50.1 x 100.2 ft.
How is 48 Sixteenth Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 48 Sixteenth Street?
Property taxes are $4,596 a year (2026), or about $383 a month.
Where is 48 Sixteenth Street?
48 Sixteenth Street is in the New Toronto community of Toronto. The nearest main intersection is Kipling & Lakeshore. The postal code is M8V 3J8.
How long has 48 Sixteenth Street been on the market?
48 Sixteenth Street was listed on August 17, 2026. It has been on the market for 56 days. It is an active listing (MLS® W13682280). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 48 Sixteenth Street asking?
Similar bungalow-style homes for sale nearby right now include 14 Lake Shore Drive at $1,250,000 (2+1 bed), 20 Braeburn Avenue at $1,300,000 (2+1 bed) and 305 Renforth Drive at $1,250,000 (2+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 48 Sixteenth Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 48 Sixteenth Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near New Toronto, picked by style, size and price.
Bungalow$1,250,00014 Lake Shore Drive, Toronto2+1 bed · 2 bath · New TorontoCourtesy of: SUTTON GROUP REALTY SYSTEMS INC.View home →
Bungalow$1,300,00020 Braeburn Avenue, Toronto2+1 bed · 2 bath · Humber HeightsCourtesy of: ROCK STAR REAL ESTATE INC.View home →
Bungalow$1,250,000305 Renforth Drive, Toronto2+1 bed · 2 bath · Etobicoke West MallCourtesy of: VALERY REAL ESTATE INC.View home →Courtesy of: EXP REALTY
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.