42
$1,499,999 Sale
Listed 56 days ago
48 Sixteenth Street
· 2+2
· 2
· 0
· 700-1100
Listing History
Buy/Sell/Terminated/Expired listing history for 48 Sixteenth Street
Key Facts
Key facts for 48 Sixteenth Street
Property Type
House, Bungalow
Parking
None 0 garage, 6 parking
MLS #
W13682280
Size
700-1100 sqft
Basement
Separate Entrance,Finished
Listed on
2026-08-17
Lot size
50 x 100.16
Tax
$4,596.20 /yr
Days on Market
57
Approximate Age
-
Maintenance Fee
-
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 **
Room Types
Bedroom 2
-
Dimensions 12.47 x 9.09 feet
113.35 sqft
Bedroom 3
-
Dimensions 12.07 x 11.32 feet
136.63 sqft
Bedroom 4
-
Dimensions 11.29 x 9.38 feet
105.9 sqft
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Courtesy of: EXP REALTY