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.
Address
42 Stephen Drive
List Price
$1,099,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Toronto W07
Sub-Area
Stonegate-Queensway
Region
Toronto
Bedrooms
2 + 2
Bedrooms (Total)
4
Rooms Above Grade
6
Rooms Below Grade
3
Bathrooms
2
Floor Area
700-1100 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
105
Lot Size Units
Feet
Lot Width
33
Parcel Number
075030295
Occupant Type
Owner
Cross Street
Stephen Dr & The Queensway
MLS® Number
W13532964
Listing Brokerage
RE/MAX WEST REALTY INC.
Basement Area
Separate Entrance, Finished
Postal Code
M8Y 3M6
Posession Details
30/60/TBA
Parking
Private
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$5,158.00
Tax Year
2025
Site Influences
Landscaped, Library, Park, Patio, Porch, Public Transit, River/Stream, School
Exterior Features
Landscaped, Patio, Porch
Interior Features
Carpet Free, Storage, Upgraded Insulation, Water Heater
Property Features
Library, Park, Public Transit, River/Stream, School
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Other Structures
Storage
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 118, PL 2308 ; ETOBICOKE , CITY OF TORONTO
Security Features
Carbon Monoxide Detectors, Smoke Detector
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 3.96 x 3.4 | Hardwood Floor, Open Concept, Window |
| Main | Dining Room | 2.46 x 3.4 | Hardwood Floor, Open Concept, Pot Lights |
| Main | Kitchen | 2.69 x 2.64 | Quartz Counter, Tile Floor, Window |
| Main | Primary Bedroom | 2.94 x 3.78 | Closet Organizers, Hardwood Floor, Window |
| Main | Bedroom 2 | 2.51 x 3.09 | Closet, Hardwood Floor, Window |
| Basement | Kitchen | 4.06 x 3.58 | Pot Lights, Quartz Counter, Tile Floor |
| Basement | Bedroom 3 | 2.84 x 3.58 | Closet, Laminate, Pot Lights |
| Basement | Bedroom 4 | 2.84 x 3.58 | Closet, Laminate, Window |
| Basement | Laundry | 2.66 x 2.53 | Laminate |
