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Listed 14 days ago

74 Sixteenth Street

New Toronto, Toronto

$799,000

Detached|Bungalow
2 | 1 | 6
About this home

Opportunity to build new home(s) or investment property in desirable South Etobicoke in the heart of New Toronto. Located in a sought-after neighborhood with convenient access to parks, schools, transit, and local amenities Situated on a 40' x 100' freehold lot (approx. 4,004 sq. ft.), it offers exceptional potential for investors, builders, and renovators looking to seize the opportunity on a prime residential location. The site features detached home built in 1948, detached garage with private driveway. The site is designated with residential RM zoning, supporting strong and varied redevelopment potential therefore it is ideal for variety of opportunities such as renovation, expansion, or a custom rebuild. Whether your strategy is to renovate and hold, flip, or redevelop, this is a rare chance to secure a well-sized lot in an established, high-demand west-end neighborhood with long-term upside

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$3,778
Lot Size40.06 ft x 100.14 ft
mls© NumberW13591908
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$4,090
Property tax
$315
Heat allowance
$150
Housing costs
$4,554 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $159,800
25-yr amortization

Income needed

$140,000

gross annual household income

Payment at 4%
$3,362 / mo
Cash down
$159,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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