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$1,499,999

Est. payment - /mo

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4 Beds

2 Baths

New

48 Sixteenth ST Toronto W06, ON M8V 3J8

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Kenneth Yim

ken@broadviewavenue.ca +1(416) 906-0080

UPDATED:

Key Details

Property Type Single Family Home, Condo

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Municipality Toronto W06

Subdivision New Toronto

MLS Listing ID W13682280

Style Bungalow

Bedrooms 4

Annual Tax Amount $4,596

Tax Year 2026

Property Sub-Type Detached

Property Description

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 **

Location

Province ON

County Toronto

Community Toronto W06

Area Toronto

Rooms

Basement Separate Entrance, Finished

Kitchen 2

Interior

Interior Features In-Law Suite, Primary Bedroom - Main Floor, Storage

Cooling Central Air

Inclusions 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

Exterior

Exterior Feature Landscaped, Patio

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 6

Building

Foundation Concrete Block

Others

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Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 906-0080

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