48 Sixteenth St
New Toronto, Toronto, Ontario M8V 3J8
- Bedrooms
- 2+2
- Bathrooms
- 2
- Size
- 700–1,100sq ft
- Per sq ft
- $1,611at the range’s middle
- Lot
- 50.08 x 100.16 ft
- Tax a year
- $4,5962026 tax year
- Parking
- 6none
- Days on market
- Members
The brief
About 48 Sixteenth St
48 Sixteenth St is a 2+2-bedroom, 2-bathroom detached house in New Toronto, Toronto, listed for sale at an asking price of $1,449,999 (MLS® W13682280).
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 **
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall18/100−$2,924/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 196 detached homes with 4 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,596 / 2026
- MLS® number
- W13682280
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 50.08 x 100.16 ft
- Listed on
- Parking
- None, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- New Toronto
- Municipality
- Toronto
Building
- Size
- 700-1100 sqft
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 2+2
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc Bsmt
- Basement Type
- Separate Entrance
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- None
- Additional Parking
- 6
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 50.08 ft
- Depth
- 100.16 ft
- Lot Size
- 50.08 x 100.16 ft
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- Approvals & Pre-Development Package: Consent to sever into two building lots | Minor Variance approvals for both lots | Six variances granted per lot, including 0.78 FSI vs. 0.60 base, side yard, platform setbacks, stair width/setback & roof eaves | Issued-for-Permit architectural drawing set, including foundation, basement, main & upper floor plans, floor & roof framing plans, elevations, building sections, door/window/finish schedules & 3D renderings | Issued-for-Permit structural drawings, including sealed 35-page member reports, design loading and general notes, beam/girder details, Turkstra Trusses floor framing layouts & roof truss design package | HVAC drawings & design report with heat loss/gain calculations | Survey & registered R-Plan | Arborist Report & Tree Preservation Plan, including tree inventory, species, size, condition, protection zones & site photos | City of Toronto Tree Protection By-law Declaration & Tree Removal Permit | Registered Stage 1-2 Archaeological A.S.S
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 3.49 × 3.91 m | — | Main |
| Living | 4.24 × 4.77 m | — | Main |
| Primary | 3.33 × 5.69 m | — | Main |
| 2nd Br | 2.77 × 3.8 m | — | Main |
| Kitchen | 3.45 × 4.29 m | — | Bsmt |
| 3rd Br | 3.45 × 3.68 m | — | Bsmt |
| 4th Br | 2.86 × 3.44 m | — | Bsmt |
| Laundry | 3.57 × 7.0 m | — | Bsmt |
Listing history
Buy/sell history for 48 Sixteenth St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,449,999 | N/A | Pc | W13682280 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $290,000
- Total mortgage amount
- $1,159,999
- Total interest payment
- $824,801
- Total purchase cost
- $2,274,800
- Mortgage payment
- $6,616/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
55%Monthly carrying cost
$6,999- Rent $4,075
- Shortfall $2,924
Rental income opens at $4,075, the median asking rent of 196 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $25,475
- Toronto municipal land transfer tax
- $25,475
- Total land transfer tax
- $50,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $42,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,449,999
- $21,000
- Ontario total
- $25,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $25,475.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 5,016 sq ft466 m²
- Street frontage
- 50.08 ft15.3 m
- Depth
- 100.16 ft30.5 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m9 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 50 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 9.3 km9.3 km
- Mapped parcel: about 5,010 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 510 m510 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is City of Toronto — R.L. Clark Filtration Plant, 810 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 60 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RM (u4; d0.6) (x23)By-law
569-2013Municipality
Toronto1 u4
Unit count: at most 4 dwelling units.
2 d0.6
Density: floor area is capped at 0.6 times the lot area.
3 x23
Site-specific exception 23: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 10, section 10.80 of By-law 569-2013 · Exception 900.6.10(23)
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
3199 LAKE SHORE BLVD WSite planUnder Review
INACTIVE Site Plan Control application to permit the proposed Humber Cultural Hub which is a phased institutional development as part of the Humber College Lakeshore Campus. The proposal includes the partial redevelopment of the existing building with the construction of multiple building additions that would be developed in two phases. The first phase would include the construction of an 8 student residence building that would be connected by 1 to 4-storey academic podiums. The second phase would include a new 3-storey academic podium, with a music and performing arts hall, which would connect to the first phase. The existing 6-storey student residence fronting Lake Shore Boulevard West would remain, as well as the existing 2 and 3-storey library building which would connect to the proposed development. The existing 2-storey academic building component located in the center of the site would be demolished and a portion of the existing surface parking lot would be removed to facilitate the proposal.The total gross floor area of the institutional development would be 49,611 m², of which 30,380 m² would be attributed to the proposed development and 19,231 m² would be attributed to the existing buildings that would be retained on the site.
500 m away0 LAKE SHORE BLVD WSite planUnder Review
INACTIVE To permit a 2-storey commercial building (fronting Lake Shore Boulevard West), an 8-storey residential building (fronting Annie Craig Drive), and a 43-storey mixed-use building (fronting Marine Parade Drive). The proposal includes a total gross floor area of approximately 36,482.6 square metres (of which 35,000 square metres would be for residential use and 1482.6 square metres would be for commercial use) and a total of 540 residential units.
570 m away124 BIRMINGHAM STSite planUnder Review
The project proposal seeks to construct 2 one-storey industrial warehouse and distribution buildings with accessory office. The existing unoccupied three-storey building (Heritage) is proposed to remain and be incorporated into the development.
630 m away260 EIGHTH STSite planUnder Review
The project proposal seeks to construct 2 one-storey industrial warehouse and distribution buildings with accessory office. The existing unoccupied three-storey building (Heritage) is proposed to remain and be incorporated into the development.
760 m away429 KIPLING AVESite planUnder Review
Proposed 1-storey industrial condominium building.
770 m away99 BIRMINGHAM STOfficial plan or zoning amendmentOMB Appeal
The proposed development consists of a 26-storey mixed use building, containing 352 dwelling units with retail uses at-grade. The proposed net density is 8.83 times the area of the lot. The total building height is 80.47 metres, exclusive of the 5-metre-high mechanical penthouse. 147 vehicular parking spaces are proposed in underground parking levels and 265 bicylcle parkings spaces are proposed on ground level and the first underground level.
780 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in New Toronto right now
- For sale now
- 19
- Median asking price
- $1.45M
- New in 7 days
- 0
- Price cuts
- 21%
Middle half: $1.02M to $1.76M
7 in 28 days
4 listings
This home is asking at the median.
See all homes in New TorontoAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 2.3 km |
| Long Branch GO | GO Transit train: Lakeshore West | 2.6 km |
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 4.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| The Holy Trinity Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 350 m | 80%Grade 6 average |
| Twentieth Street Junior SchoolToronto DSB | Public · grades JK–5 | 400 m | 70%Grade 3 average |
| Seventh Street Junior SchoolToronto DSB | Public · grades JK–5 | 1 km | 73%Grade 3 average |
| École élémentaire Micheline-Saint-CyrConseil scolaire Viamonde | French-language public · grades JK–6 | 2.5 km | 76%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 300 m | 42%Grade 9 math |
| Father John Redmond Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 650 m | 75%Grade 9 math |
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 3.5 km | 68%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 8.4 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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