MLS® Listings · Toronto

48 Stephen Drive

Stonegate-Queensway, Toronto, M8Y 3M6

$1,099,000

For sale · MLS® W14122782

18 photos — scroll sideways to see them all.

2+2Bedrooms
2Bathrooms
4Parking
700-1100Sq ft

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)

Details

Property type
Detached
Style
Bungalow
Size (sq ft)
700-1100
Bedrooms
2
Bedrooms below grade
2
Bathrooms
2
Kitchens
2
Basement
Apartment, Separate Entrance
Heating
Forced Air
Air conditioning
Central Air
Garage
None
Parking spaces
4
Lot frontage
33.05
Lot depth
105.14
Lot units
Feet
Faces
West
Cross streets
Stephen Dr & The Queensway
Property taxes
$4,728
Tax year
2026
Possession
flex
MLS® number
W14122782

View on Google Maps ↗ · Mortgage calculator

Listing courtesy of CENTURY 21 HERITAGE GROUP LTD..

Book a showing

Ask a question or book a visit — a Saigal Realty agent will reply quickly. Or call (905) 876-4126.

MLS® listing content displayed under TRREB license. CREA trademarks used under license where listing data is shown. Saigal Realty Inc., Brokerage — brokerage registered with the Real Estate Council of Ontario (RECO). Data last updated Oct 28, 2026, 10:21 a.m..

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.