48 SIXTEENTH STREET, Toronto (new Toronto), ON M8V3J8
48 SIXTEENTH STREET, Toronto (new Toronto), ON M8V3J8
48 SIXTEENTH STREET, Toronto (new Toronto), ON M8V3J8
48 SIXTEENTH STREET, Toronto (new Toronto), ON M8V3J8
48 SIXTEENTH STREET, Toronto (new Toronto), ON M8V3J8
48 SIXTEENTH STREET, Toronto (new Toronto), ON M8V3J8
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Maha Shahbazian

Maha Shahbazian

+1(613) 862-6242
$ 1,499,999
Est. payment | /mo

4 Beds

2 Baths

700 SqFt

Save Virtual Tour
$ 1,499,999
Est. payment | /mo
Save Virtual Tour

4 Beds

2 Baths

700 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700 - 1100

Square Footage 700 sqft

Price per Sqft $2,142

Subdivision New Toronto

MLS® Listing ID W13682280

Style Bungalow

Bedrooms 4

Property Sub-Type Freehold

Property 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 ** (id:24570)

Location

State ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 4.29 m X 3.45 m Kitchen

Extra Room 2 Basement 3.68 m X 3.45 m Bedroom 3

Extra Room 3 Basement 3.44 m X 2.86 m Bedroom 4

Extra Room 4 Basement 7 m X 3.57 m Laundry room

Extra Room 5 Main level 3.91 m X 3.49 m Kitchen

Extra Room 6 Main level 4.77 m X 4.24 m Living room

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

Fence Fenced yard

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Building

Lot Description Landscaped

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

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Maha Shahbazian

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+1(613) 862-6242

maha@ottawarealestate.com

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48 SIXTEENTH STREET