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New3 hours ago

42 Smithfield Drive

Stonegate-Queensway, Toronto

$999,888

Detached|Bungalow
2 | 2 | 5
About this home

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

Extras

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  • Sat, Oct 17

    2:00 PM – 4:00 PM

  • Sun, Oct 18

    2:00 PM – 4:00 PM

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Contact nest zoom realty.

nest zoom realty
(416) 276-9973

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,369
Lot Size34.05 ft x 180.43 ft
mls© NumberW14082660
Listed ByANALYST REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,118
Property tax
$447
Heat allowance
$150
Housing costs
$5,715 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $199,978
25-yr amortization

Income needed

$176,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$199,978

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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