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For saleMLS® W14122782

48 Stephen Drive, Toronto, ON M8Y 3M6

Stonegate-Queensway · W07 · M8Y 3M6

$1,099,000

$1,570 / sq ft

1 weeks on market

Bedrooms
2+2
Bathrooms
2
Interior
700 sf
Parking
4
Lot
33.05 × 105.14 ft

What's special

  • 4 parking spaces
  • Central air
  • Basement apartment
  • Accessory apartment
  • Carpet free

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About this property

**Beautifully Renovated! Incredible Income Potential! Steps Away from an Exceptional Lifestyle!** Welcome to 48 Stephen Drive, a beautifully renovated, move-in-ready detached bungalow in Toronto's sought-after Stonegate-Queensway neighbourhood, offering the perfect combination of modern comfort, exceptional versatility & outstanding income potential! Situated on a generous 33 x 105 ft lot with parking for 4 vehicles, this impressive home features a bright, inviting main floor with two spacious bedrooms, stylish finishes, beautiful quartz countertops & thoughtfully updated living spaces designed for everyday comfort & effortless entertaining. A standout feature is the direct access from the main floor to the backyard! Seamlessly connecting indoor & outdoor living, this valuable feature makes summer BBQs, family gatherings, outdoor dining & relaxing in your private outdoor space wonderfully convenient. The income potential is equally impressive! The fully finished basement features a separate entrance, a second kitchen & two additional bedrooms, creating an excellent opportunity for rental income, multigenerational living, or extended family accommodation. Live comfortably upstairs while exploring the possibility of additional income to help offset your mortgage! Enjoy a fantastic location just minutes from Toronto's beautiful waterfront, beaches, scenic trails, parks, shopping, restaurants, public transit & major highways. Whether you're a first-time buyer, growing family, investor, or someone looking for a flexible living arrangement, this home offers an exceptional opportunity in an established Toronto neighbourhood. With its extensive renovations, functional layout, generous lot & exciting future possibilities, 48 Stephen Drive is more than just a home - it's a smart lifestyle choice with room to grow. * Move In. Enjoy the Lifestyle. Unlock the Potential! * A rare combination of location, comfort & opportunity. Don't miss it! * (some photos virtually staged)

Features

  • Accessory Apartment
  • Carpet Free

Property details

Property

Property type
detached
Bedrooms
2 + 2
Bathrooms
2
Interior size
700 sq ft
Lot size
33.05 × 105.14 ft
Possession
flex

Interior

Basement
Apartment, Separate Entrance
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
West

Exterior & services

Construction
Brick
Parking spaces
4
Sewer
Sewer

Costs

List price
$1,099,000
Property taxes
$4,728 / year (2026)
Price per sq ft
$1,570
Rental items
Water Heater

Listing

MLS® number
W14122782
Status
For sale
Listed
October 27, 2026
Days on market
8
Last updated
October 28, 2026
Listing brokerage
CENTURY 21 HERITAGE GROUP LTD.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 16% of comparable detached listings in Stonegate-Queensway are asking less.

$969KMedian $1.70M$3.10M
This home
$1,570 / sq ft
Comparable median
$1,285 / sq ft

Based on 56 comparable active detached listings in Stonegate-Queensway. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.7% · minimum $84,900
$84,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$5,607.13
Property tax (est.)
$394.00
Estimated monthly
$6,001

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$18,455
Toronto municipal
$18,455
Total due on closing
$36,910

An estimate on the asking price of $1,099,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CENTURY 21 HERITAGE GROUP LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,099,000

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Comparable sales nearby

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Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA