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    For Sale - 48 Sixteenth Street, Toronto, Ontario

    Est payment $7,203/mo
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    Views   2
    Time on Jump  52 day

    AI Summary *

    • Rare 50 x 100 ft parcel approved for two building lots in South Etobicoke.
    • Existing bungalow offers income potential while planning future development.
    • Each approved lot allows for a 1,902 sq ft single-family home.
    • Pre-development package included, streamlining construction process significantly.
    • Close to the lake, Humber College, and multiple transit options.




    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 **
    Listing IDW13682280
    Address48 Sixteenth Street
    CityToronto, Ontario
    Price$1,499,999
    Bed / Bath4 / 2 Full
    StyleBungalow, Detached
    ConstructionStucco (Plaster)
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features In-Law Suite, Primary Bedroom - Main Floor, StorageOutdoor Features Landscaped, PatioAmenities Fenced Yard, Golf, Hospital, Park, Public Transit, SchoolOwnership FreeholdBasement Separate Entrance, FinishedFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: EXP REALTY

    * Data is provided courtesy of PROPTX. 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. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    48 Sixteenth Street
    Toronto , Ontario
    4 2 $1,499,999
    Get more info