48 Stephen Dr
Toronto, ON M8Y 3M6
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Active
$1,099,000
48 Stephen Dr Toronto, ON M8Y 3M6
Detached
Property Type
4
Beds
2
Baths
**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)
MLS #
W14122782
Monthly Assoc. Fee
N/A
On Site
2 Days
Last Updated
10/27/2026
Location
Contact Agent
Property Details
Community Information
Address
48 Stephen Dr, Toronto, ON M8Y 3M6
Area
Toronto
City
Toronto
Community
Stonegate-Queensway
Postal Code
M8Y 3M6
Municipality
Toronto W07
Architecture
Bedrooms
4
Bathrooms
2
Style
Bungalow
Construction Materials
Brick
Roof
Asphalt Shingle
Foundation Details
Concrete
Basement
Apartment, Separate Entrance
Features / Amenities
Interior Features
Accessory Apartment, Carpet Free
Kitchens Total
2
Kitchen Plus
1 + 1
+ Bedrooms
2
Direction Faces
West
Parking Spaces
4
Cooling
Central Air
Heat Type
Forced Air
Heat Source
Gas
Property Features
Sq. Ft.
700-1100
Sewer
Sewer
Directions
Stephen Dr & The Queensway
Tax and Financial Info
Tax Annual Amount
$4,728
Tax Year
2026
Listing Office
Listing provided courtesy of Century 21 Heritage Group Ltd..
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Listing Information Last Updated 10/27/2026
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.