Turnkey, Fully Renovated from top to bottom, this outstanding Triplex is located in the Highly Sought-after South Etobicoke Neighbourhood. The property features 3 Self-contained units: Two spacious 3-bedroom units and One 2-bedroom unit, offering Approximately 2,000 sq. ft. of Total Living Space. Each unit showcases a brand-new modern kitchen, new 4-piece bathroom, new flooring throughout, and new appliances including fridge, stove, and microwave. Large windows in every unit provide abundant natural light. A shared coin-operated laundry is conveniently located on the lower level. The property includes 3 outdoor parking spaces, one dedicated to each unit. Tenants pay their own hydro, making this an easy-to-manage, low-maintenance investment with strong market rent potential. Ideally situated close to public transit, major highways, grocery stores, and everyday amenities, this location continues to benefit from strong rental demand and long-term area growth. Fully vacant, this triplex offers the rare opportunity to hand-pick quality tenants and maximize returns from day one. Perfect for investors seeking a reliable income stream and a hassle-free, long-term addition to their portfolio. Brand New 4-Hot water tanks, 1-Heat Boiler System (2023). **Don't Miss This Rare Opportunity!**
Address
101 Sixteenth Street
List Price
$1,248,800
MLS® Status
New
Expiration Date
2026-05-31
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto W06
Sub-Area
New Toronto
Region
Toronto
Bedrooms
6 + 2
Bedrooms (Total)
8
Rooms Above Grade
10
Rooms Below Grade
4
Rooms (Total)
14
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Depth
56
Lot Size Units
Feet
Lot Width
32.67
Parcel Number
076000141
Occupant Type
Vacant
Cross Street
Kipling/Lakeshore
MLS® Number
W12696312
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Apartment, Separate Entrance
Postal Code
M8V 3J9
Posession Details
30-60 Days/TBA
Parking
Mutual
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$5,082.55
Tax Year
2025
Site Influences
Park, Place Of Worship, Public Transit, School
Interior Features
Separate Hydro Meter, Carpet Free
Property Features
Park, Place Of Worship, Public Transit, School
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Available
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Gas
Heat Type
Radiant
Cooling Features
Window Unit(s)
Construction Materials
Brick
UFFI
No
Direction Faces
South
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Flat
Tax Legal Description
PCL 141-3, SEC M362 ; PT LT 141, PL M362
Security Features
Smoke Detector
Waterfront
No
Waterfront
None
Sewer
Sewer