42 Stephen Drive, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Stonegate-Queensway. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,099,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 33 x 105 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Carpet Free, Storage, Upgraded Insulation
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Turnkey Bungalow with Income Potential. Welcome to 42 Stephen Dr, a beautifully renovated detached brick bungalow offering exceptional flexibility for homeowners, investors, & builders Whether you're a first-time buyer looking to offset your mortgage w/ rental income, an investor seeking a turnkey property, or a builder envisioning a future custom home, this residence presents an outstanding opportunity in one of Etobicoke's most desirable neighbourhoods. Completely move-in ready, the home has been thoughtfully updated w/ modern finishes throughout. The bright, open-concept main flr showcases rich hardwood flooring, pot lights, quartz countertops, & a functional layout designed for comfortable everyday living & effortless entertaining. Two spacious bdrms & an updated kitchen create a warm, inviting space to call home.Adding even greater value is the fully self-contained lower-level suite, featuring two bedrooms, a separate entrance, & excellent income potential. Ideal for tenants, extended family, or a live-and-rent lifestyle, this versatile space offers flexibility for today's changing needs.Outside, the private, low-maintenance backyard provides the perfect setting for relaxing or entertaining, while the private driveway accommodates parking for up to four vehicles.Situated on a generous 33 x 105-foot lot, this property also offers exciting long-term redevelopment potential. Surrounded by established homes in the highly sought-after Stonegate-Queensway community, it is an ideal site for those considering a future custom build. Conveniently located within an excellent school district & just minutes from parks, shopping, restaurants, public transit, major highways, & everyday amenities, this home combines lifestyle, location, and investment potential in one exceptional package. Move in, generate rental income, expand your investment portfolio, or build your dream home in the future, 42 Stephen Dr is a rare opportunity that offers immediate value & lasting potential.
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Property Summary
This detached home located at 42 Stephen Drive, Toronto is currently for sale and has been available on SousaSells for 30 days. This property is listed at $1,099,000 with an estimated mortgage of $3,658* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 42 Stephen Drive, Toronto is in the Stonegate-Queensway neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Stonegate-Queensway, Toronto.
- •4 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Stonegate-Queensway, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Library
- Park
- Public Transit
- River/Stream
- School
Interior Features
- Carpet Free
- Storage
- Upgraded Insulation
- Water Heater
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 42 Stephen Drive, Toronto, ON
Q.What is the asking price for 42 Stephen Drive, Toronto, ON ?
The current listing price for 42 Stephen Drive, Toronto, ON in Stonegate-Queensway, Toronto is $1,099,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 2 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 42 Stephen Drive, Toronto, ON ?
42 Stephen Drive, Toronto, ON is a Detached (Bungalow) featuring a Separate Entrance, Finished basement.
Q.What key property features does 42 Stephen Drive, Toronto, ON offer?
Key property features include: Library, Park, Public Transit, River/Stream, School.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free, Storage, Upgraded Insulation, Water Heater.
Q.What security features are installed at 42 Stephen Drive, Toronto, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 42 Stephen Drive, Toronto, ON M8Y 3M6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,099,000 in Toronto, the legal minimum down payment is $219,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $18,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18,455 also applies, bringing the total estimated land transfer taxes to $36,910.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.