Welcome to 42 Smithfield Drive a completely transformed residence offering exceptional value in the heart of the city. The main level features soaring 10+ ft ceilings, creating a bright, open atmosphere across its 2-bedroom layout with a beautifully renovated full bath and convenient in-suite laundry.Step through the brand-new sliding doors onto a spacious deck that overlooks an oversized backyard offering the perfect canvas for a future garden suite to expand your living space or generate additional income.Downstairs, a separate 1-bedroom basement apartment includes its own bathroom and full laundry, ideal for rental income, in-laws, or extended family.This home has been meticulously renovated from the ground up: brand-new framing, insulation, drywall, paint, waterproofing, plumbing, electrical, HVAC, ductwork, bathrooms, and flooring absolutely everything has been updated.Perfectly located near top-ranked schools, major highways, and just minutes from downtown Toronto. A rare opportunity for homeowners, investors, and builders alike
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,428 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 42 Smithfield Dr
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Lot size
34.05 x 180.43 Feet
Parking
5 spaces
Basement
Separate Entrance
Features & systems
Parking & garage
Parking spaces
5
Interior
Basement
Separate Entrance
Lot & land
Lot dimensions
34.05 x 180.43 Feet
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
42 Smithfield Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14082660$999,888
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 42 Smithfield Dr Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,912
/mo
based on the purchase price of $999,888
$199,978 cash
$799,910 financed
$673,734 total interest
Principal54%$799,910
Interest46%$673,734
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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 Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3–4 bed homes for sale in Toronto around $1000K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio5041.4%On average, homes sold at or above asking.
Active listings13,531Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 18 – Jul 17, 2026: prices up.
Based on 9,408 sales from Jul 17 – Oct 15, 2026 (6,681 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
42 Smithfield Dr is listed at $999,888 (MLS® W14082660). Summitly updates the price as soon as the MLS® record changes.
Is $999,888 a good price for 42 Smithfield Dr?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 42 Smithfield Dr changed?
No — 42 Smithfield Dr is still listed at its original asking price of $999,888.
How many bedrooms and bathrooms does 42 Smithfield Dr have?
42 Smithfield Dr has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Toronto.
Is 42 Smithfield Dr close to transit?
The nearest rapid-transit station is Mimico GO Station (Lakeshore West GO), about 1.9 km (about a 24-minute walk) in a straight line. Jane Station is about 2.0 km (about a 25-minute walk), and Old Mill Station is about 2.0 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 42 Smithfield Dr?
About $4,912 a month — principal and interest on $999,888 with 20% down ($199,978), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 42 Smithfield Dr compare with other homes in Toronto?
Its asking price of $999,888 is about 18% above the median sold price in Toronto over the last 90 days, $848,884, across 9,408 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 42 Smithfield Dr been sold before?
Summitly has no earlier MLS® sale or lease of 42 Smithfield Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 42 Smithfield Dr?
42 Smithfield Dr is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 42 Smithfield Dr been on the market?
42 Smithfield Dr was listed today (October 15, 2026).
What is the price per square foot of 42 Smithfield Dr?
About $909 to $1,428 per square foot: the asking price of $999,888 over the 700–1,100 sq ft the listing gives as its size range.