23 Sixteenth St is a 5-bedroom, 3-bathroom detached home in Toronto, listed for $1,078,000. It has 1500-2000 sq ft of living space.
1Welcome to 23 Sixteenth Street, a fully renovated and turnkey property set on an exceptionally wide 40 x 120 ft lot in a highly desirable South Etobicoke neighbourhood.
2Unit A offers 2 bedrooms, 2 bathrooms and a full kitchen.
3Unit B features 2 bedrooms, 1 bathroom and a kitchen, while Unit C offers 1 bedroom, 1 bathroom and its own kitchen.
Welcome to 23 Sixteenth Street, a fully renovated and turnkey property set on an exceptionally wide 40 x 120 ft lot in a highly desirable South Etobicoke neighbourhood. Offering impressive flexibility, modern finishes and strong income potential, this is an excellent opportunity for investors, multi-generational families or end-users looking to offset carrying costs with rental income.The home is currently configured as three self-contained living spaces. Unit A offers 2 bedrooms, 2 bathrooms and a full kitchen. Unit B features 2 bedrooms, 1 bathroom and a kitchen, while Unit C offers 1 bedroom, 1 bathroom and its own kitchen. In total, the property provides 5 bedrooms, 4 bathrooms and 3 kitchens. Each unit is equipped with its own electrical sub-panel and independently controlled heating and cooling, adding convenience, functionality and greater separation between living spaces.Fully renovated throughout, the home offers a fresh, modern and low-maintenance living environment for both owners and tenants. Live in one unit while generating income from the others, accommodate extended family, or utilize the entire property as an income-producing investment.A major highlight is the impressive 40-ft frontage and generous 120-ft depth, offering a substantial lot that is difficult to find in the area. The property may also offer future potential for additional living space, additional residential units or a garden suite, subject to zoning, permits, municipal approvals and buyer due diligence.Ideally located within walking distance of shops, schools, restaurants, parks, Lake Ontario, beaches and public transit, with convenient access in and out of the city.A rare opportunity combining a substantial lot, turnkey condition, multiple living spaces, rental potential and long-term possibilities in one of South Etobicoke's established lakeside communities.
5 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $719 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 23 Sixteenth St
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
4 spaces
Basement
Apartment
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
23 Sixteenth St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13880122$1,078,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 23 Sixteenth St Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,296
/mo
based on the purchase price of $1,078,000
$215,600 cash
$862,400 financed
$726,367 total interest
Principal54%$862,400
Interest46%$726,367
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 4–5 bed homes for sale in Toronto around $1.1M.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4967.0%On average, homes sold at or above asking.
Active listings12,525Homes for sale here right now.
Median vs prior 90 days+3.7%Compared with Apr 12 – Jul 11, 2026: prices up.
Based on 9,552 sales from Jul 11 – Oct 9, 2026 (6,500 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
23 Sixteenth St is listed at $1,078,000 (MLS® W13880122). Summitly updates the price as soon as the MLS® record changes.
Is $1,078,000 a good price for 23 Sixteenth St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 23 Sixteenth St changed?
No — 23 Sixteenth St is still listed at its original asking price of $1,078,000.
How many bedrooms and bathrooms does 23 Sixteenth St have?
23 Sixteenth St has 5 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Toronto.
Is 23 Sixteenth St close to transit?
The nearest rapid-transit station is Mimico GO Station (Lakeshore West GO), about 2.4 km in a straight line. Long Branch GO Station is about 2.6 km, and Kipling Station is about 4.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 23 Sixteenth St?
About $5,296 a month — principal and interest on $1,078,000 with 20% down ($215,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 23 Sixteenth St compare with other homes in Toronto?
Its asking price of $1,078,000 is about 27% above the median sold price in Toronto over the last 90 days, $850,000, across 9,552 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 23 Sixteenth St been sold before?
Summitly has no earlier MLS® sale or lease of 23 Sixteenth St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 23 Sixteenth St?
23 Sixteenth St is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 23 Sixteenth St been on the market?
23 Sixteenth St was listed today (October 9, 2026).
What is the price per square foot of 23 Sixteenth St?
About $539 to $719 per square foot: the asking price of $1,078,000 over the 1,500–2,000 sq ft the listing gives as its size range.
