48 Sixteenth Street, Toronto, Ontario M8V 3J8

Listed for:
$1,499,999
4 beds
2 baths
Listed 1 day ago
House for rent: 48 Sixteenth Street, Toronto, Ontario M8V 3J8

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About

Kipling & Lakeshore 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 ** (id:27476)

Property Highlights

MLS® Number
W13682280
Type
Single Family
Community Name
New Toronto
Ownership Type
Freehold
Land Size
50.1 x 100.2 FT
Parking Space Total
6

Building

Building Type
House
Storeys
1.00
Square Footage
700 - 1100 sqft
Bathrooms Total
2
Bedrooms Above Ground
2
Bedrooms Total
4
Amenities
Golf Nearby, Hospital, Park, Public Transit, Schools
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
N/A
Basement Features
Separate entrance
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Room Layout

Kitchen
Basement
4.29 m x 3.45 m
Bedroom 3
Basement
3.68 m x 3.45 m
Bedroom 4
Basement
3.44 m x 2.86 m
Laundry room
Basement
7 m x 3.57 m
Kitchen
Main level
3.91 m x 3.49 m
Living room
Main level
4.77 m x 4.24 m
Primary Bedroom
Main level
5.69 m x 3.33 m
Bedroom 2
Main level
3.8 m x 2.77 m

Location

Learn more about this property
Listing provided by:
EXP REALTY
MLS® number:
W13682280
Agent:
Frank Polsinello
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