42 Stephen Drive, Toronto, ON M8Y 3M6
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.
Living Room
Hardwood Floor, Open Concept, Window
3.96 x 3.4
Main
Dining Room
Hardwood Floor, Open Concept, Pot Lights
2.46 x 3.4
Main
Kitchen
Tile Floor, Quartz Counter, Window
2.69 x 2.64
Main
Primary Bedroom
Hardwood Floor, Closet Organizers, Window
2.94 x 3.78
Main
Bedroom 2
Hardwood Floor, Closet, Window
2.51 x 3.09
Main
Kitchen
Tile Floor, Quartz Counter, Pot Lights
4.06 x 3.58
Basement
Bedroom 3
Laminate, Closet, Pot Lights
2.84 x 3.58
Basement
Bedroom 4
Laminate, Closet, Window
2.84 x 3.58
Basement
Laundry
Laminate
2.66 x 2.53
Basement
Interior features
Carpet Free, Storage, Upgraded Insulation, Water Heater
Basement
Separate Entrance, Finished
Bathrooms
1 × 4-piece — Main, 1 × 3-piece — Basement
Fireplace
No
Family room
No
Kitchens
2
Rooms (above / below grade)
6 above, 3 below
Architectural style
Bungalow
Construction materials
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Exterior features
Landscaped, Patio, Porch
Direction faces
West
Garage type
None
Garage spaces
0
Total parking spaces
4
Driveway parking
4
Parking features
Private
Lot size
33 x 105 ft
Cross street
Stephen Dr & The Queensway
Directions
Follow Maps
Neighbourhood
Stonegate-Queensway
Heating
Forced Air — Gas
Cooling
Central Air
Water
Sewer
Sewer
List price
$1,099,000
Original list price
Annual taxes
$5,158
Tax year
2025
Assessment year
2025
Legal description
LT 118, PL 2308 ; ETOBICOKE , CITY OF TORONTO
Inclusions
Exclusions
MLS #
W13532964
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
30/60/TBA
Occupancy
Owner
Listing brokerage
RE/MAX WEST REALTY INC.
Co-listing brokerage
RE/MAX WEST REALTY INC.
$1,963,500
Median list price
40
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$5,269
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
Sign in to see recent sold prices for homes like this one nearby.

$1,188,000
88 Waniska Avenue, Toronto, ON M8Y 1R3
HOMELIFE LANDMARK REALTY INC.

$975,000
132 Wesley Street, Toronto, ON M8Y 2X1
HOMELIFE FRONTIER REALTY INC.

$1,279,000
39 Rosemeade Avenue, Toronto, ON M8Y 3A4
RE/MAX PROFESSIONALS INC.

$899,900
794 The Queensway, Toronto, ON M8Z 1N5
BRAD J. LAMB REALTY 2016 INC.

$1,299,000
102 Edgecroft Road, Toronto, ON M8Z 2C3
REALTY ONE GROUP FLAGSHIP

$1,299,000
98 Yorkview Drive, Toronto, ON M8Z 2G4
RIGHT AT HOME REALTY