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Sharon Browne

sharon@sharonbrownehomes.com +1(416) 873-3259

$ 1,499,999

Est. payment | -/mo

2 Beds

2 Baths

Save Virtual Tour

$ 1,499,999

Est. payment | -/mo

Save Virtual Tour

2 Beds

2 Baths

Key Details

Property Type Single Family Home, freehold, residential

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 2

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

Family Room Yes

Basement Separate Entrance

Kitchen 2

Separate Den/Office 2

Interior

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

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscaped, Patio

Parking Features Private Double

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.08

Lot Depth 100.16

Total Parking Spaces 6

Building

Unit Features Fenced Yard,Golf,Hospital,Park,Public Transit,School

Foundation Concrete Block

Others

ParcelsYN No

Virtual Tour https://48sixteenthstreet.onepageproperties.com/

Listed by EXP REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 873-3259

sharon@sharonbrownehomes.com

130 King St W Unit 1800B, Toronto, ON M5X1E3, Canada

48 Sixteenth ST Toronto W06, ON M8V 3J8

Sharon Browne

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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48 Sixteenth ST