Listed by Exp Realty.

48 Sixteenth Street is a Detached, Bungalow and is currently for Sale @ $1,499,999. Taxes in 2026 were $4,596.20.

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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. The Bungalow on 48 Sixteenth Street has 2 bedrooms, 2 bathrooms, and is located on a 100.16 x 50.08 ft lot in the community of New Toronto . 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 **

Approvals & Pre-Development Package: Consent to sever into two building lots | Minor Variance approvals for both lots | Six variances granted per lot, including 0.78 FSI vs. 0.60 base, side yard, platform setbacks, stair width/setback & roof eaves | Issued-for-Permit architectural drawing set, including foundation, basement, main & upper floor plans, floor & roof framing plans, elevations, building sections, door/window/finish schedules & 3D renderings | Issued-for-Permit structural drawings, including sealed 35-page member reports, design loading and general notes, beam/girder details, Turkstra Trusses floor framing layouts & roof truss design package | HVAC drawings & design report with heat loss/gain calculations | Survey & registered R-Plan | Arborist Report & Tree Preservation Plan, including tree inventory, species, size, condition, protection zones & site photos | City of Toronto Tree Protection By-law Declaration & Tree Removal Permit | Registered Stage 1-2 Archaeological A.S.S

The address 48 Sixteenth Street was listed for sale (MLS# W13682280) on Monday, August 17, 2026.