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For sale · Detached · Bungalow

48 Stephen Drive.

Stonegate-Queensway, Toronto, ON M8Y 3M6

On the market3 days
MLS® W14122782Courtesy of Century 21 Heritage Group Ltd.
Bedrooms2+2Plus 2 more
Bathrooms2
Lot33.05 x 105.14 ftFrontage by depth, as listed
Parking4None

Buyer's market

House market in Stonegate-Queensway. New listings are outpacing sales, so buyers have more choice and room to negotiate. Homes here sell in about 14 days. Market data

Sales-to-new-listings ratio, last 3 months: 33%
Months of supply: 5.7

What it means

  • Buyer's market in Stonegate-Queensway: houses take about 14 days to sell.
  • About 5.7 months of houses for sale in Stonegate-Queensway at the current pace of sales.

At a glance

Property taxes$4,728 / year
BasementApartment, Separate Entrance
Size700–1,100 sq ft
Possessionflex

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)

Home details

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The homeproperty type, style, size, heating
Property type
Detached
Style
Bungalow
Size
700–1,100 sq ft
Heating
Forced Air
Cooling
Central Air
Basement
Apartment, Separate Entrance
Lot size
33.05 × 105.14 feet
Possession
flex
Parking and storageparking, garage
Parking
4
Garage
None
Fees and taxesproperty taxes, price per sq ft
Property taxes
$4,728 (2026)
Price per sq ft
$1,221
What is includedAppliances and fixtures

2 Fridges, 2 Ovens, Washer & Dryer, Dishwasher, 2 Microwave Range.

What it could cost each month

— a month, estimated

With 20% down. Includes property tax. Estimate only.

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  • Mortgage—
  • Property tax—

Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.

How this price compares

Members

36 similar detached houses sold in Stonegate-Queensway in the last 12 months.

Sales activity nearby

Number of similar detached houses sold each quarter.

0Jan–Mar20250Apr–Jun20250Jul–Sep20250Oct–Dec20250Jan–Mar202617 sold, Apr to Jun 202617Apr–Jun202616 sold, Jul to Sep 202616Jul–Sep20263 sold, Oct to Dec 20263Oct–Dec2026 so far

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Sale and listing history

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The area

Listing brokerage · MLS® W14122782Century 21 Heritage Group Ltd.Data last updated Oct 27, 2026 10:54 pm.

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein is deemed reliable but is not guaranteed accurate by TRREB or its members. It is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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. Used under licence.

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