**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)
About this home
Photos of 48 Stephen Drive
Facts and features of 48 Stephen Drive
| Type | Detached |
|---|---|
| Style | Bungalow |
| Bedrooms | 2 + 2 |
| Bathrooms | 2 |
| Size | 700-1100 sq ft |
| Lot | 33.05 x 105.14 Feet |
| Parking | 4 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Basement | Apartment, Separate Entrance |
| Exterior | Brick |
| Taxes | $4,728 (2026) |
| Days on market | 2 |
| Listing brokerage | CENTURY 21 HERITAGE GROUP LTD. |
Around this home
What’s near 48 Stephen Drive
From 48 Stephen Drive, the nearest TDSB elementary school is Étienne Brûlé Junior School, about 450 m away.
Schools
- Étienne Brûlé Junior School TDSB elementary · JK-5 EQAO 2024-25: Gr 3 reading 87% about 450 m
- Park Lawn Junior and Middle School TDSB elementary · JK-8 EQAO 2024-25: Gr 6 reading 99% · Gr 6 math 62% about 1.0 km
- Karen Kain School of the Arts TDSB middle school · 6-8 EQAO 2024-25: Gr 6 reading 89% · Gr 6 math 50% about 1.2 km
- St Mark Catholic School Catholic elementary · JK-8 EQAO 2024-25: Gr 6 reading 74% · Gr 6 math 47% about 400 m
- Etobicoke School of the Arts TDSB secondary · 9-12 EQAO 2024-25: Gr 9 math 68% · Gr 10 literacy 92% about 1.5 km
- Bishop Allen Academy Catholic Secondary School Catholic secondary · 9-12 EQAO 2024-25: Gr 9 math 81% · Gr 10 literacy 94% about 1.6 km
Nearest schools, not necessarily the ones that serve this address. Check with the TDSB and TCDSB school locators.
Places: OpenStreetMap contributors, October 2026. Straight-line distances. Schools: EQAO 2024-25, Ontario Ministry of Education.
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48 Stephen Drive
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48 Stephen Drive
Listing information is deemed reliable but is not guaranteed accurate by PropTx or the Toronto Regional Real Estate Board. Data source: PropTx. Listings are refreshed from the MLS® at least daily.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Royal LePage Terrequity Seymour Real Estate, Brokerage. Independently owned and operated.
MLS® W14122782 Data source: PropTx Listed October 27, 2026
