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New Toronto, Toronto
$1,199,000
Welcome to 23 Sixteenth St, Etobicoke - a fully renovated, turnkey investment property offering exceptional income potential in a highly desirable location.This spacious home features three self-contained units:Main Floor: 2 bedrooms, 2 bathrooms, kitchen Second Floor: 2 bedrooms, 1 bathroom, kitchen Basement: 1 bedroom, 1 bathroom, kitchenIn total, the property offers 5 bedrooms, 4 bathrooms, and 3 kitchens, thoughtfully designed to maximize functionality and rental income.The property has been fully renovated, providing a modern and low-maintenance living environment for both owners and tenants.Ideal for investors or end-users, this property offers flexibility to live in one unit while renting out the remaining units, or to fully lease the entire building for strong income potential.The seller and listing brokerage make no representations or warranties regarding retrofit status, zoning compliance, or legality of the units. Buyers and buyer's agents are responsible for conducting their own due diligence, including verifying all measurements and property details.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,087 |
| Lot Size | 40 ft x 120 ft |
| mls© Number | W13167620 |
| Listed By | CEG REAL ESTATE INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,137
- Property tax
- $341
- Heat allowance
- $150
- Housing costs
- $6,628 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$204,000
gross annual household income
- Payment at 4%
- $5,046 / mo
- Cash down
- $239,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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