48 Sixteenth Street Toronto, Ontario M8V 3J8

4 Bedroom 2 Bathroom 700 - 1,100 ft2
Bungalow Central Air Conditioning Forced Air Landscaped

$1,499,999

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:61194)

Property Details

MLS® Number W13682280
Property Type Single Family
Community Name New Toronto
Amenities Near By Golf Nearby, Hospital, Park, Public Transit, Schools
Equipment Type Water Heater
Features In-law Suite
Parking Space Total 6
Rental Equipment Type Water Heater
Structure Patio(s), Shed

Building

Bathroom Total 2
Bedrooms Above Ground 2
Bedrooms Below Ground 2
Bedrooms Total 4
Architectural Style Bungalow
Basement Features Separate Entrance
Basement Type N/a
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Stucco
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 700 - 1,100 Ft2
Type House
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Fence Type Fenced Yard
Land Amenities Golf Nearby, Hospital, Park, Public Transit, Schools
Landscape Features Landscaped
Sewer Sanitary Sewer
Size Depth 100 Ft ,2 In
Size Frontage 50 Ft ,1 In
Size Irregular 50.1 X 100.2 Ft
Size Total Text 50.1 X 100.2 Ft

Rooms

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