
Toronto
Detached in Toronto
$1,099,000
48 STEPHEN DRIVE, Toronto, M8Y3M6
MLS Number: W14122782
Beds
4
Baths
2
Listing
For Sale
Type
Detached
Square Feet
700 - 1,100
**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)
Location
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48 STEPHEN DRIVE, Toronto, M8Y3M6
Nearby Schools
Schools near 48 STEPHEN DRIVE
Distances are measured in a straight line from this property.
St Mark Catholic School
Elementary school · Grades JK-8
Toronto CDSB
45 Cloverhill Rd, Toronto, Ontario, M8Y1T4
Étienne Brûlé Junior School
Elementary school · Grades JK-5
Toronto DSB
50 Cloverhill Rd, Etobicoke, Ontario, M8Y1T3
Park Lawn Junior and Middle School
Elementary school · Grades JK-8
Toronto DSB
71 Ballacaine Dr, Etobicoke, Ontario, M8Y4B6
Karen Kain School of the Arts
Elementary school · Grades 6-8
Toronto DSB
60 Berl Ave, Etobicoke, Ontario, M8Y3C7
Swansea Junior and Senior Junior and Senior Public School
Elementary school · Grades JK-8
Toronto DSB
207 Windermere Ave, Toronto, Ontario, M6S3J9
St Louis Catholic School
Elementary school · Grades JK-8
Toronto CDSB
11 Morgan Ave, Toronto, Ontario, M8Y2Z7
David Hornell Junior School
Elementary school · Grades JK-5
Toronto DSB
32 Victoria St, Etobicoke, Ontario, M8V1M6
Bishop Allen Academy Catholic Secondary School
Secondary school · Grades 9-12
Toronto CDSB
721 Royal York Rd, Toronto, Ontario, M8Y2T3
Proximity does not guarantee enrollment eligibility. Verify attendance boundaries and admission requirements with the relevant school board before making a decision.
Estimate Tool
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Down Payment
$219,800
Mortgage Amount
$879,200
Principal + Interest
$5,084 / mo
5-Year Term Payments
$305,012
Estimated Monthly Carrying Cost
$5,734
Includes principal, interest, property tax, condo fees, and heating estimates.
This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.
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