48 Stephen Dr is a 2-bedroom, 2-bathroom detached home in Toronto, listed for $1,099,000. It has 700-1100 sq ft of living space.
1**Beautifully Renovated!
2A standout feature is the direct access from the main floor to the backyard!
3The 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.
**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)
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,570 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 48 Stephen Dr
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
4 spaces
Basement
Apartment, Separate Entrance
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Apartment · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
48 Stephen 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® W14122782$1,099,000
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
$5,399
/mo
based on the purchase price of $1,099,000
$219,800 cash
$879,200 financed
$740,517 total interest
Principal54%$879,200
Interest46%$740,517
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.
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Similar homes for sale nearby in Toronto
Other 2–4 bed homes for sale in Toronto around $1.1M.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4991.3%On average, homes sold at or above asking.
Active listings12,922Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 1 – Jul 30, 2026.
Based on 9,504 sales from Jul 30 – Oct 28, 2026 (6,943 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 48 Stephen Dr
How much is 48 Stephen Dr listed for?
48 Stephen Dr is listed at $1,099,000 (MLS® W14122782). Summitly updates the price as soon as the MLS® record changes.
Is $1,099,000 a good price for 48 Stephen 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 48 Stephen Dr changed?
No — 48 Stephen Dr is still listed at its original asking price of $1,099,000.
How many bedrooms and bathrooms does 48 Stephen Dr have?
48 Stephen Dr has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 48 Stephen Dr?
About $5,399 a month — principal and interest on $1,099,000 with 20% down ($219,800), 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 48 Stephen Dr compare with other homes in Toronto?
Its asking price of $1,099,000 is about 31% above the median sold price in Toronto over the last 90 days, $840,000, across 9,504 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 48 Stephen Dr been sold before?
Yes — Summitly has 1 earlier MLS® listing of 48 Stephen Dr on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 48 Stephen Dr?
48 Stephen Dr is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 48 Stephen Dr been on the market?
2 days — 48 Stephen Dr was listed on October 26, 2026.
What is the price per square foot of 48 Stephen Dr?
About $999 to $1,570 per square foot: the asking price of $1,099,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 48 Stephen Dr have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 48 Stephen Dr have a basement, and is it finished?
The listing describes the basement as: Apartment, Separate Entrance.
