48 Stephen Drive, Toronto, ON M8Y 3M6
Stonegate-Queensway, Toronto · Near Stephen Dr & The Queensway · View map
About this home
**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)
The home
- Type
- Detached bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Basement
- Apartment, Separate Entrance
- Lot size
- 33.1 x 105.1 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $4,728/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- flex
- Cross street
- Stephen Dr & The Queensway
- Neighbourhood
- Stonegate-Queensway
More
- Price per sq ft
- ~$1,221 (at 900 sq ft)
- MLS® number
- W14122782
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The home and its surroundings
- Accessory Apartment
- Carpet Free
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
48 Stephen Drive, Toronto, ON M8Y 3M6
Stonegate-Queensway, Toronto · Near Stephen Dr & The Queensway
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Listing history for 48 Stephen Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 48 Stephen Drive
Answers come straight from this home’s MLS® listing.
How much is 48 Stephen Drive listed for, and what would it cost each month?
48 Stephen Drive is listed for $1,099,000. With 20% down ($219,800), the mortgage payment would be roughly $4,433 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,827 a month, all in. That figure is an illustration, not a quote.
Is 48 Stephen Drive freehold or a condo, and is there a monthly fee?
48 Stephen Drive is a detached bungalow in Stonegate-Queensway, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 48 Stephen Drive have?
48 Stephen Drive has 2 bedrooms, plus 2 more bedrooms in the basement, and 2 bathrooms.
Does 48 Stephen Drive have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 48 Stephen Drive have a finished basement?
The listing describes the basement as apartment, separate entrance. It counts 2 bedrooms on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 48 Stephen Drive?
48 Stephen Drive is a detached bungalow. A detached bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 48 Stephen Drive, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 33.1 x 105.1 ft.
How is 48 Stephen Drive heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 48 Stephen Drive?
Property taxes are $4,728 a year (2026), or about $394 a month.
Where is 48 Stephen Drive?
48 Stephen Drive is in the Stonegate-Queensway community of Toronto. The nearest main intersection is Stephen Dr & The Queensway. The postal code is M8Y 3M6.
Is 48 Stephen Drive still for sale?
Yes. It is an active listing (MLS® W14122782). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 48 Stephen Drive asking?
Similar detached homes for sale nearby right now include 44 Daniels Street at $1,100,000 (2+2 bed), 111 Wesley Street at $1,133,000 (2+1 bed) and 42 Smithfield Drive at $999,888 (2+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 48 Stephen Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 48 Stephen Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Stonegate-Queensway, picked by style, size and price.
Detached bungalow$1,100,00044 Daniels Street, Toronto2+2 bed · 2 bath · Stonegate-QueenswayCourtesy of: PROPERTY.CA INC.View home →
Detached bungalow$1,133,000111 Wesley Street, Toronto2+1 bed · 2 bath · Stonegate-QueenswayCourtesy of: RE/MAX PROFESSIONALS INC.View home →
Detached bungalow$999,88842 Smithfield Drive, Toronto2+1 bed · 2 bath · Stonegate-QueenswayCourtesy of: ANALYST REALTY INC.View home →Courtesy of: CENTURY 21 HERITAGE GROUP LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.