42 Smithfield Drive, Toronto, ON M8Y 3M2
Stonegate-Queensway, Toronto · Near The Queensway/ Park Lawn Rd · View map
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
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 5
- Basement
- Separate Entrance
- Lot size
- 34.1 x 180.4 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 5
- Total parking
- 5
- Parking features
- Available
Taxes & other
- Property taxes
- $5,369/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- The Queensway/ Park Lawn Rd
- Neighbourhood
- Stonegate-Queensway
More
- Price per sq ft
- ~$1,111 (at 900 sq ft)
- Listed
- Oct 15, 2026 · today
- MLS® number
- W14082660
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The home and its surroundings
- Carpet Free
- On Demand Water Heater
- Primary Bedroom - Main Floor
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
42 Smithfield Drive, Toronto, ON M8Y 3M2
Stonegate-Queensway, Toronto · Near The Queensway/ Park Lawn Rd
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Listing history for 42 Smithfield Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 42 Smithfield Drive
Answers come straight from this home’s MLS® listing.
How much is 42 Smithfield Drive listed for, and what would it cost each month?
42 Smithfield Drive is listed for $999,888. With 20% down ($199,978), the mortgage payment would be roughly $4,033 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,481 a month, all in. That figure is an illustration, not a quote.
Is 42 Smithfield Drive freehold or a condo, and is there a monthly fee?
42 Smithfield Drive is a bungalow in Stonegate-Queensway, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 42 Smithfield Drive have?
42 Smithfield Drive has 2 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.
Does 42 Smithfield Drive have a garage and parking?
The listing does not show a garage. The driveway adds 5 spaces. In total the listing counts 5 parking spaces.
Does 42 Smithfield Drive have a finished basement?
The listing describes the basement as separate entrance. It counts 1 bedroom on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 42 Smithfield Drive?
42 Smithfield Drive is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 42 Smithfield Drive, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 34.1 x 180.4 ft.
How is 42 Smithfield Drive heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 42 Smithfield Drive?
Property taxes are $5,369 a year (2025), or about $447 a month.
Where is 42 Smithfield Drive?
42 Smithfield Drive is in the Stonegate-Queensway community of Toronto. The nearest main intersection is The Queensway/ Park Lawn Rd. The postal code is M8Y 3M2.
How long has 42 Smithfield Drive been on the market?
42 Smithfield Drive was listed on October 15, 2026. It came on the market today. It is an active listing (MLS® W14082660). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 42 Smithfield Drive asking?
Similar bungalow-style homes for sale nearby right now include 41 Ringley Avenue at $999,000 (2+1 bed), 111 Wesley Street at $1,133,000 (2+1 bed) and 44 Daniels Street at $1,190,000 (2+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 42 Smithfield Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 42 Smithfield Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Stonegate-Queensway, picked by style, size and price.
Bungalow$999,00041 Ringley Avenue, Toronto2+1 bed · 3 bath · Stonegate-QueenswayCourtesy of: ROYAL LEPAGE REAL ESTATE ASSOCIATESView home →
Bungalow$1,133,000111 Wesley Street, Toronto2+1 bed · 2 bath · Stonegate-QueenswayCourtesy of: RE/MAX PROFESSIONALS INC.View home →
Bungalow$1,190,00044 Daniels Street, Toronto2+2 bed · 2 bath · Stonegate-QueenswayCourtesy of: PROPERTY.CA INC.View home →Courtesy of: ANALYST REALTY INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.